D-Wave Quantum (NYSE:QBTS) Shares Up 4.4% – Time to Buy?

Shares of D-Wave Quantum Inc. (NYSE:QBTS) rose 4.4% during trading on Wednesday . The company traded as high as $30.18 and last traded at $30.0870. Approximately 39,876,175 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 39,433,344 shares. The stock had previously closed at $28.82.

D-Wave Quantum News Roundup

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

• Positive Sentiment: D-Wave agreed to acquire Quantum Circuits Inc., a move that should accelerate the company’s access to gate‑model qubit technology and narrow the gap with competitors — a strategic rationale for longer‑term re‑rating if integration proceeds smoothly. D‑Wave Announces Agreement to Acquire Quantum Circuits Inc.
• Positive Sentiment: D‑Wave demonstrated the first scalable, on‑chip cryogenic control of gate‑model qubits — a technical milestone that strengthens its roadmap and could expand future product applications if commercialized. D‑Wave Demonstrates On‑Chip Cryogenic Control
• Positive Sentiment: Large institutional accumulation (Vanguard, UBS, State Street increases) and new coverage from boutique research raise the buyer base and lend stability to the stock as the company executes on commercialization and M&A.
• Positive Sentiment: Rosenblatt and other firms are issuing constructive coverage on quantum names, which can boost sentiment across the subsector and benefit QBTS as investors re‑rate growth prospects. Rigetti and Quantum Computing Stocks Are a Buy
• Neutral Sentiment: Zacks and other analysts are parsing Q4 results for pure‑play quantum companies; peer performance (e.g., IonQ) could influence relative flows into QBTS heading into earnings season. QBTS, RGTI, IONQ: Buy, Sell or Hold Ahead of Q4 Earnings?
• Neutral Sentiment: Long‑form retail coverage frames a bullish narrative around government adoption and product roadmaps — useful for sentiment but speculative and execution‑dependent. Could D‑Wave Stock Make You a Millionaire?
• Negative Sentiment: Insider selling: CEO Alan Baratz sold 35,013 shares and CFO John Markovich sold 9,179 shares in mid‑January — transactions that can create near‑term selling pressure or raise questions for some investors. CEO Form 4 CFO Form 4
• Negative Sentiment: Sector‑wide valuation concerns and reminders that commercial viability remains years away may keep volatility high and limit near‑term upside despite positive headlines. Quantum Computing Stocks Have Served Up an $840 Million Warning

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on QBTS. Canaccord Genuity Group lifted their target price on D-Wave Quantum from $20.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Zacks Research raised D-Wave Quantum from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. Jefferies Financial Group assumed coverage on shares of D-Wave Quantum in a report on Tuesday, December 16th. They set a “buy” rating and a $45.00 target price on the stock. Benchmark upped their price target on shares of D-Wave Quantum from $20.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Finally, Mizuho assumed coverage on shares of D-Wave Quantum in a research report on Thursday, December 11th. They issued an “outperform” rating and a $46.00 price objective for the company. Fourteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.67.

D-Wave Quantum Stock Performance

The firm has a market cap of $10.09 billion, a price-to-earnings ratio of -21.36 and a beta of 1.57. The company has a current ratio of 54.68, a quick ratio of 54.49 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average is $26.22 and its 200 day moving average is $24.03.

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. 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. D-Wave Quantum’s revenue for the quarter was up 105.6% compared to the same quarter last year. Analysts anticipate that D-Wave Quantum Inc. will post -0.41 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO John M. Markovich sold 200,000 shares of D-Wave Quantum stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $22.94, for a total transaction of $4,588,000.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rohit Ghai sold 10,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $24.28, for a total transaction of $242,800.00. Following the completion of the transaction, the director owned 37,778 shares in the company, valued at $917,249.84. This trade represents a 20.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,346,916 shares of company stock worth $65,591,314 in the last 90 days. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On D-Wave Quantum

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in D-Wave Quantum by 41.2% during the 3rd quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock worth $950,220,000 after acquiring an additional 11,218,255 shares during the period. UBS Group AG increased its position in shares of D-Wave Quantum by 541.6% in the third quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after purchasing an additional 10,205,427 shares during the period. State Street Corp raised its stake in D-Wave Quantum by 41.3% in the second quarter. State Street Corp now owns 6,648,395 shares of the company’s stock valued at $97,333,000 after purchasing an additional 1,941,762 shares in the last quarter. Geode Capital Management LLC lifted its position in D-Wave Quantum by 41.6% during the second quarter. Geode Capital Management LLC now owns 6,411,558 shares of the company’s stock worth $93,877,000 after purchasing an additional 1,883,109 shares during the period. Finally, Marex Group plc acquired a new stake in D-Wave Quantum during the second quarter worth about $80,070,000. 42.47% of the stock is currently owned by institutional investors and hedge funds.

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.