Key Points
- D-Wave Quantum CFO John Markovich sold 328,752 shares on May 22 at an average price of $27.70, worth about $9.1 million. The sale reduced his direct ownership by roughly 18.6% to 1.44 million shares.
- QBTS shares were down 0.8% and opened at $27.59, after recently trading in a wide 52-week range of $12.75 to $46.75. The company still sports a market cap of about $10.21 billion and a beta of 1.95.
- Recent fundamentals and sentiment remain mixed: D-Wave beat quarterly EPS expectations but missed revenue estimates, while analysts still hold a consensus rating of “Moderate Buy” with a target price of $34.67. Institutional investors own 42.47% of the stock, and recent news includes a $100 million CHIPS Act funding LOI and ongoing debate over its quantum advantage claims.
D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report) CFO John Markovich sold 328,752 shares of D-Wave Quantum stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $27.70, for a total value of $9,106,430.40. Following the transaction, the chief financial officer directly owned 1,442,820 shares in the company, valued at $39,966,114. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
D-Wave Quantum Stock Down 0.8%
Shares of QBTS opened at $27.59 on Thursday. The company has a market capitalization of $10.21 billion, a PE ratio of -24.42 and a beta of 1.95. D-Wave Quantum Inc. has a 12 month low of $12.75 and a 12 month high of $46.75. The stock's 50-day moving average price is $19.03 and its two-hundred day moving average price is $22.10. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03.
D-Wave Quantum (NYSE:QBTS - Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.The firm had revenue of $2.86 million for the quarter, compared to the consensus estimate of $4.19 million. During the same period in the previous year, the business earned ($0.02) EPS. The business's quarterly revenue was down 80.9% compared to the same quarter last year. On average, analysts anticipate that D-Wave Quantum Inc. will post -0.44 EPS for the current year.
Institutional Trading of D-Wave Quantum
Several hedge funds have recently modified their holdings of QBTS. Vanguard Group Inc. increased its stake in shares of D-Wave Quantum by 41.2% in the 3rd quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company's stock valued at $950,220,000 after acquiring an additional 11,218,255 shares in the last quarter. UBS Group AG increased its stake in shares of D-Wave Quantum by 541.6% in the 3rd quarter. UBS Group AG now owns 12,089,703 shares of the company's stock valued at $298,737,000 after acquiring an additional 10,205,427 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of D-Wave Quantum by 136,842.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,194,866 shares of the company's stock valued at $83,546,000 after purchasing an additional 3,192,533 shares during the period. Clear Street Group Inc. acquired a new position in shares of D-Wave Quantum during the third quarter valued at about $75,344,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of D-Wave Quantum by 311.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,548,013 shares of the company's stock valued at $92,781,000 after purchasing an additional 2,685,980 shares during the period. Institutional investors own 42.47% of the company's stock.
Wall Street Analyst Weigh In
QBTS has been the subject of several analyst reports. Roth Mkm lowered their price target on shares of D-Wave Quantum from $40.00 to $30.00 and set a "buy" rating for the company in a report on Friday, February 27th. Weiss Ratings lowered shares of D-Wave Quantum from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, April 29th. Needham & Company LLC reiterated a "buy" rating and set a $40.00 price target on shares of D-Wave Quantum in a report on Wednesday, May 13th. Mizuho decreased their price target on D-Wave Quantum from $31.00 to $29.00 and set an "outperform" rating for the company in a report on Wednesday, May 13th. Finally, Northland Securities started coverage on D-Wave Quantum in a report on Monday, April 20th. They set a "market perform" rating and a $22.00 price target for the company. Fourteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, D-Wave Quantum presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.67.
Read Our Latest Stock Analysis on QBTS
Key Headlines Impacting D-Wave Quantum
Here are the key news stories impacting D-Wave Quantum this week:
- Positive Sentiment: D-Wave signed a letter of intent with the U.S. Department of Commerce for $100 million in CHIPS and Science Act funding, and the company also said it secured second-year funding for its superconducting quantum innovation project. These announcements reinforce government backing for its hardware roadmap and could help support longer-term growth. Article Title
- Positive Sentiment: Several recent reports highlighted surging bookings, expanding enterprise adoption, and analyst comparisons suggesting QBTS may have more upside than peers like IonQ and Rigetti. That keeps the stock in focus as a commercial leader in quantum computing. Article Title
- Positive Sentiment: D-Wave pushed back on claims that a new classical-computing study disproved its quantum supremacy result, saying its benchmark claims still stand. Defending a core technical milestone may help preserve investor confidence in the company’s technology narrative. Article Title
- Neutral Sentiment: Industry coverage continues to frame quantum computing as moving into a commercial breakout phase, which supports long-term optimism for QBTS but does not represent a direct company-specific catalyst. Article Title
- Negative Sentiment: Multiple reports said QBTS shares fell after a study questioned D-Wave’s “quantum advantage” or “quantum supremacy” claims. That kind of technical skepticism can weigh on sentiment, especially for a valuation-sensitive growth stock. Article Title
- Negative Sentiment: CFO John M. Markovich sold 328,752 shares, reducing his position by about 18.6%. Insider selling can be a headwind for short-term sentiment, even if it does not necessarily signal a change in fundamentals. Article Title
About D-Wave Quantum
(
Get Free Report)
D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.
The company's product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.
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