D-Wave Quantum Inc. $QBTS is SLT Holdings LLC’s 6th Largest Position

SLT Holdings LLC lessened its holdings in shares of D-Wave Quantum Inc. (NYSE:QBTS) by 17.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 191,521 shares of the company’s stock after selling 41,479 shares during the quarter. D-Wave Quantum makes up 3.1% of SLT Holdings LLC’s portfolio, making the stock its 6th largest holding. SLT Holdings LLC’s holdings in D-Wave Quantum were worth $4,732,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of QBTS. Baird Financial Group Inc. grew its holdings in D-Wave Quantum by 12.0% during the first quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock valued at $92,000 after purchasing an additional 1,300 shares during the period. Royal Bank of Canada raised its stake in shares of D-Wave Quantum by 59.8% in the first quarter. Royal Bank of Canada now owns 162,088 shares of the company’s stock worth $1,231,000 after buying an additional 60,668 shares during the period. AQR Capital Management LLC lifted its position in shares of D-Wave Quantum by 201.0% during the 1st quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock valued at $1,526,000 after buying an additional 134,066 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of D-Wave Quantum by 93.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock valued at $825,000 after acquiring an additional 52,437 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of D-Wave Quantum by 125.7% during the 1st quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock valued at $333,000 after acquiring an additional 24,382 shares during the period. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

QBTS has been the topic of several analyst reports. Wedbush began coverage on shares of D-Wave Quantum in a report on Wednesday, December 17th. They set an “outperform” rating and a $35.00 price target on the stock. Mizuho initiated coverage on shares of D-Wave Quantum in a research report on Thursday, December 11th. They set an “outperform” rating and a $46.00 price objective on the stock. B. Riley upped their target price on shares of D-Wave Quantum from $22.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Jefferies Financial Group started coverage on D-Wave Quantum in a research note on Tuesday, December 16th. They issued a “buy” rating and a $45.00 price target for the company. Finally, Williams Trading set a $35.00 price objective on D-Wave Quantum in a research report on Monday, November 10th. Fourteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.67.

D-Wave Quantum Stock Performance

NYSE QBTS opened at $30.17 on Thursday. The stock has a market capitalization of $10.56 billion, a PE ratio of -22.35 and a beta of 1.57. The business has a 50 day simple moving average of $26.65 and a two-hundred day simple moving average of $23.38. The company has a debt-to-equity ratio of 0.05, a current ratio of 54.68 and a quick ratio of 54.49. D-Wave Quantum Inc. has a 1-year low of $3.74 and a 1-year high of $46.75.

D-Wave Quantum (NYSE:QBTS) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. The business had revenue of $3.74 million for the quarter, compared to analysts’ expectations of $3.03 million. D-Wave Quantum had a negative return on equity of 97.58% and a negative net margin of 1,651.81%.The firm’s revenue for the quarter was up 105.6% compared to the same quarter last year. On average, research analysts predict that D-Wave Quantum Inc. will post -0.41 EPS for the current fiscal year.

Trending Headlines about D-Wave Quantum

Here are the key news stories impacting D-Wave Quantum this week:

• Positive Sentiment: Announced acquisition of Quantum Circuits for $550 million — expands product roadmap and accelerates plan to bring new quantum systems to market in 2026, which supports revenue and scale expectations. Read More.
• Positive Sentiment: Technical breakthrough: D‑Wave demonstrated scalable on‑chip cryogenic control of gate‑model qubits — a key step beyond annealing that broadens addressable use cases and strengthens the company’s technology story. Read More.
• Positive Sentiment: Analyst support: recent initiation and reaffirmations (Wedbush Outperform with $35 PT; Rosenblatt buy with $40 PT and other favorable reviews) are boosting investor confidence and fueling demand. Read More.
• Positive Sentiment: Momentum from 2025: strong share gains, doubled revenue year‑over‑year in latest quarter and >$800M cash balance give D‑Wave firepower for R&D and M&A — explains why investors are willing to pay up now. Read More.
• Neutral Sentiment: Multiple analyst reviews and roundups are in the market — useful for context but present mixed takes on valuation vs. long‑term potential. Read More.
• Neutral Sentiment: Valuation analyses note big long‑term share gains and raise questions about fair value given small current revenue — these pieces help explain both buying interest and profit‑taking. Read More.
• Negative Sentiment: Market skepticism and long timeline risk: commentary (e.g., Motley Fool) argues quantum won’t be broadly useful for most enterprises for a decade and the market may remain small relative to AI — a narrative that can dampen speculative demand. Read More.
• Negative Sentiment: Structural risk: stock still unprofitable, extremely high P/S and notable short interest (~12%) mean any disappointment could trigger sharp pullbacks despite recent wins. (See recent company reviews and year‑end summaries for details.)

Insider Buying and Selling at D-Wave Quantum

In related news, CFO John M. Markovich sold 200,000 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $22.94, for a total value of $4,588,000.00. Following the completion of the transaction, the chief financial officer owned 1,482,874 shares of the company’s stock, valued at approximately $34,017,129.56. This trade represents a 11.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alan E. Baratz sold 806,288 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $28.87, for a total value of $23,277,534.56. Following the sale, the chief executive officer directly owned 2,801,265 shares in the company, valued at $80,872,520.55. The trade was a 22.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,342,087 shares of company stock worth $66,073,024 over the last 90 days. 3.20% of the stock is owned by insiders.

About D-Wave Quantum

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.