D-Wave Quantum (NYSE:QBTS) Shares Down 3.9% – Here’s Why

D-Wave Quantum Inc. (NYSE:QBTS)’s share price traded down 3.9% on Friday . The stock traded as low as $28.07 and last traded at $28.1450. 46,525,931 shares were traded during trading, an increase of 11% from the average session volume of 41,934,375 shares. The stock had previously closed at $29.28.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: Agreement to acquire Quantum Circuits for $550M (cash + stock) bolsters D-Wave’s gate-model capabilities and gives the company a clear strategic path beyond annealing; the deal is cited as a major reason for renewed investor interest. D-Wave Stock In Focus — Strikes $550 Million Quantum Deal
• Positive Sentiment: Multiple Wall Street shops are reiterating buy/outperform ratings and raising price targets, providing broker support that can sustain demand near current levels (examples: Cantor Fitzgerald, Rosenblatt, Wedbush). Cantor Fitzgerald Remains a Buy on D-Wave Quantum (QBTS)
• Positive Sentiment: 2025 operational wins — strong revenue growth, major contracts, tech milestones (Advantage2 sales, cryogenic on‑chip control) and a large cash balance (~$836M) — underpin optimistic forward expectations for 2026 commercialization. D-Wave’s Year in Review: 2025 Wins Set the Stage for 2026
• Neutral Sentiment: Unusual options activity and heavy trading volumes indicate short-term speculative positioning — can amplify intraday moves but not a directional signal by itself. D-Wave Quantum Unusual Options Activity For January 08
• Neutral Sentiment: Analyst price-target dispersion and large institutional repositioning (some funds adding, others trimming) are increasing volatility — consensus targets remain above current levels but vary widely. D-Wave Quantum Inc. Stock (QBTS) Opinions on Quantum Circuits Acquisition
• Negative Sentiment: Significant insider selling has been reported (numerous executive sales over recent months), which can worry investors about near‑term sentiment even if some sales are routine. D-Wave Quantum Inc. Stock (QBTS) Opinions on Quantum Circuits Acquisition
• Negative Sentiment: Valuation and longer-term commercialization risk remain key concerns — critics warn the sector could be overhyped and that useful, broad enterprise adoption may take years, which increases downside risk if growth disappoints. Prediction: 3 Popular Stocks Will Crash in 2026 When This Stock Market Bubble Bursts

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. B. Riley increased their price objective on D-Wave Quantum from $22.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Wedbush assumed coverage on shares of D-Wave Quantum in a research note on Wednesday, December 17th. They set an “outperform” rating and a $35.00 price target on the stock. Zacks Research upgraded shares of D-Wave Quantum from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. Williams Trading set a $35.00 price objective on shares of D-Wave Quantum in a research note on Monday, November 10th. Finally, Jefferies Financial Group started coverage on shares of D-Wave Quantum in a research report on Tuesday, December 16th. They set a “buy” rating and a $45.00 target price on the stock. Fourteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, D-Wave Quantum has a consensus rating of “Moderate Buy” and an average price target of $33.67.

D-Wave Quantum Trading Down 3.9%

The company has a market capitalization of $9.85 billion, a PE ratio of -20.85 and a beta of 1.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 54.49 and a current ratio of 54.68. The business has a fifty day moving average price of $26.52 and a 200 day moving average price of $23.42.

D-Wave Quantum (NYSE:QBTS) last posted its earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. D-Wave Quantum had a negative net margin of 1,651.81% and a negative return on equity of 97.58%. The firm had revenue of $3.74 million during the quarter, compared to the consensus estimate of $3.03 million. The company’s revenue for the quarter was up 105.6% on a year-over-year basis. Analysts expect that D-Wave Quantum Inc. will post -0.41 EPS for the current fiscal year.

Insider Activity

In other D-Wave Quantum news, CEO Alan E. Baratz sold 806,288 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $28.87, for a total transaction of $23,277,534.56. Following the transaction, the chief executive officer 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rohit Ghai sold 10,000 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $24.28, for a total value of $242,800.00. Following the completion of the sale, the director directly owned 37,778 shares of the company’s stock, valued at $917,249.84. The trade was a 20.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 2,342,087 shares of company stock valued at $66,073,024. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On D-Wave Quantum

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Reyes Financial Architecture Inc. purchased a new stake in shares of D-Wave Quantum during the second quarter valued at approximately $29,000. Atlantic Union Bankshares Corp acquired a new stake in D-Wave Quantum during the 2nd quarter valued at $29,000. Ancora Advisors LLC purchased a new stake in D-Wave Quantum during the 3rd quarter worth $30,000. Financial Consulate Inc. acquired a new position in D-Wave Quantum in the 3rd quarter worth $31,000. Finally, Parallel Advisors LLC boosted its position in D-Wave Quantum by 227.3% in the 2nd quarter. Parallel Advisors LLC now owns 2,206 shares of the company’s stock valued at $32,000 after buying an additional 1,532 shares during the last quarter. 42.47% of the stock is owned by institutional investors and hedge funds.

D-Wave Quantum Company Profile

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.