Key Points
- VP Sophie Ames sold 3,070 D-Wave shares for approximately $52,000 under a pre-arranged Rule 10b5-1 trading plan, reducing her ownership by just 0.52%.
- D-Wave’s latest quarter showed a better-than-expected adjusted loss, but revenue fell 80.9% year over year to $2.86 million, underscoring the company’s continued unprofitability and commercialization risk.
- Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $36.47, while the expanded AT&T partnership provides evidence of growing enterprise demand for D-Wave’s quantum-computing technology.
D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report) VP Sophie Ames sold 3,070 shares of the company's stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $16.95, for a total transaction of $52,036.50. Following the sale, the vice president owned 589,009 shares in the company, valued at $9,983,702.55. This represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
D-Wave Quantum Stock Down 9.6%
Shares of NYSE:QBTS opened at $17.64 on Wednesday. The company has a market cap of $6.53 billion, a price-to-earnings ratio of -15.61 and a beta of 2.11. D-Wave Quantum Inc. has a 12 month low of $12.75 and a 12 month high of $46.75. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $22.99 and a 200 day moving average price of $21.07.
D-Wave Quantum (NYSE:QBTS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. The company had revenue of $2.86 million for the quarter, compared to analysts' expectations of $4.19 million. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.The firm's revenue for the quarter was down 80.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) earnings per share. As a group, equities research analysts predict that D-Wave Quantum Inc. will post -0.42 earnings per share for the current year.
D-Wave Quantum News Summary
Here are the key news stories impacting D-Wave Quantum this week:
- Positive Sentiment: Expanded AT&T partnership validates commercial demand. AT&T plans to expand its use of D-Wave’s quantum-annealing systems across network operations to address complex optimization problems. The companies highlighted a benchmark in which a network workload was reduced from roughly one hour to 15 seconds, or a 240-fold acceleration. The agreement is viewed as evidence that D-Wave’s technology is moving beyond research into live enterprise applications. AT&T Signs Agreement to Expand Use of D-Wave's Quantum Computing Technology Across Network Operations
- Positive Sentiment: Analysts remain optimistic. Rosenblatt Securities reaffirmed its Buy rating and set a $43 price target, implying substantial upside from recent levels. Broader analyst commentary also points to strong bookings, revenue visibility and liquidity heading into D-Wave’s second-quarter results. Rosenblatt Reiterates Buy Rating
- Neutral Sentiment: Sector-wide volatility is driving the near-term move. Quantum stocks rallied strongly following the D-Wave and AT&T announcement, but have since retreated as Nvidia-led concerns about AI infrastructure spending triggered a broader pullback. This suggests the current weakness may reflect profit-taking and risk reduction across the sector rather than a deterioration in D-Wave’s AT&T opportunity. Quantum Stocks Retreat in Premarket
- Negative Sentiment: Financial results remain a major risk. D-Wave’s latest quarter showed revenue of $2.86 million, down 80.9% year over year and below expectations, although its adjusted loss per share was better than forecast. The company remains unprofitable, with significant negative margins, making the stock highly dependent on future contract growth and commercialization.
- Negative Sentiment: Insider selling adds a minor negative signal. Vice President Sophie Ames sold 3,070 shares worth approximately $52,000 under a pre-arranged Rule 10b5-1 plan. The sale reduced her stake by only 0.52%, limiting its significance, but it may still contribute to cautious sentiment. SEC Insider Filing
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Roth Capital raised their price target on D-Wave Quantum from $30.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, June 2nd. Weiss Ratings upgraded shares of D-Wave Quantum from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, June 23rd. Benchmark assumed coverage on shares of D-Wave Quantum in a research note on Monday. They issued a "buy" rating and a $30.00 target price on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $40.00 target price on shares of D-Wave Quantum in a report on Wednesday, May 13th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, D-Wave Quantum currently has an average rating of "Moderate Buy" and an average price target of $36.47.
View Our Latest Report on QBTS
Hedge Funds Weigh In On D-Wave Quantum
A number of large investors have recently bought and sold shares of QBTS. Handelsbanken Fonder AB grew its position in D-Wave Quantum by 23.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 133,200 shares of the company's stock valued at $3,195,000 after acquiring an additional 25,400 shares during the last quarter. Bay Rivers Group increased its stake in D-Wave Quantum by 62.2% in the second quarter. Bay Rivers Group now owns 17,357 shares of the company's stock worth $416,000 after purchasing an additional 6,657 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of D-Wave Quantum by 428.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,850 shares of the company's stock worth $44,000 after purchasing an additional 1,500 shares during the last quarter. Castle Rock Wealth Management LLC purchased a new stake in shares of D-Wave Quantum during the second quarter valued at $213,000. Finally, Evanson Financial LLC purchased a new stake in shares of D-Wave Quantum during the second quarter valued at $214,000. Hedge funds and other institutional investors own 42.47% of the company's stock.
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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