D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report) Director Rohit Ghai sold 13,518 shares of D-Wave Quantum stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $26.41, for a total value of $357,010.38. Following the sale, the director directly owned 23,617 shares in the company, valued at approximately $623,724.97. This trade represents a 36.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
D-Wave Quantum Stock Down 9.0%
QBTS stock opened at $23.91 on Wednesday. D-Wave Quantum Inc. has a twelve month low of $12.75 and a twelve month high of $46.75. The company has a market cap of $8.84 billion, a PE ratio of -21.16 and a beta of 2.05. The business's 50-day simple moving average is $22.14 and its 200 day simple moving average is $22.30. The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03.
D-Wave Quantum (NYSE:QBTS - Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $2.86 million for the quarter, compared to the consensus estimate of $4.19 million. During the same period last year, the business earned ($0.02) earnings per share. The firm's revenue for the quarter was down 80.9% compared to the same quarter last year. On average, research analysts anticipate that D-Wave Quantum Inc. will post -0.43 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its stake in shares of D-Wave Quantum by 370.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 96,248 shares of the company's stock valued at $2,378,000 after acquiring an additional 75,807 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of D-Wave Quantum by 254.7% in the fourth quarter. SG Americas Securities LLC now owns 2,272,020 shares of the company's stock valued at $59,413,000 after acquiring an additional 1,631,415 shares during the last quarter. WBI Investments LLC bought a new position in shares of D-Wave Quantum in the third quarter valued at approximately $844,000. Massachusetts Financial Services Co. MA bought a new position in shares of D-Wave Quantum in the fourth quarter valued at approximately $1,114,000. Finally, World Investment Advisors raised its stake in shares of D-Wave Quantum by 195.7% in the fourth quarter. World Investment Advisors now owns 41,691 shares of the company's stock valued at $1,090,000 after acquiring an additional 27,592 shares during the last quarter. Institutional investors own 42.47% of the company's stock.
Key Headlines Impacting D-Wave Quantum
Here are the key news stories impacting D-Wave Quantum this week:
- Positive Sentiment: D-Wave’s recent gate-model roadmap and analyst-day progress helped reinforce the long-term growth story, and Mizuho reportedly raised its price target after that event, signaling continued optimism about the company’s quantum-computing strategy. Article Title
- Positive Sentiment: Some market commentary framed QBTS as a leading pure-play quantum stock, with bullish technical analysis suggesting the recent breakout may still have room to run. Article Title
- Positive Sentiment: Monday’s rally in quantum-computing stocks reflected broad risk-on sentiment and renewed investor enthusiasm for the sector, which had supported QBTS earlier in the week. Article Title
- Neutral Sentiment: Coverage comparing D-Wave to “the NVIDIA of quantum computing” highlights strong growth potential, but also underscores that the stock’s valuation leaves little room for execution missteps. Article Title
- Neutral Sentiment: Analysts and industry commentary continue to debate whether D-Wave can hold its own against larger and faster-growing rivals, keeping attention on competitive positioning rather than near-term fundamentals. Article Title
- Negative Sentiment: Shares of D-Wave and other quantum names reversed much of Monday’s sharp rally on Tuesday, suggesting traders were taking profits after the recent surge. Article Title
- Negative Sentiment: New SEC filings showed CFO John M. Markovich and director Rohit Ghai sold shares, which may raise investor questions even though the filings say the sales were tied to taxes and a 10b5-1 plan. Article Title
Analysts Set New Price Targets
A number of research analysts have commented on QBTS shares. Roth Mkm raised their price target on shares of D-Wave Quantum from $30.00 to $40.00 and gave the stock a "buy" rating in a research note on Tuesday, June 2nd. Mizuho raised their price target on shares of D-Wave Quantum from $29.00 to $35.00 and gave the stock an "outperform" rating in a research note on Monday. B. Riley Financial raised their price target on shares of D-Wave Quantum from $36.00 to $40.00 and gave the stock a "buy" rating in a research note on Tuesday, June 2nd. Northland Securities started coverage on shares of D-Wave Quantum in a research note on Monday, April 20th. They set a "market perform" rating and a $22.00 price target for the company. Finally, Canaccord Genuity Group cut their price target on shares of D-Wave Quantum from $43.00 to $41.00 and set a "buy" rating for the company in a research note on Wednesday, May 13th. Fourteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.80.
Get Our Latest Stock Report on QBTS
D-Wave Quantum Company Profile
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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.
Further Reading
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