Y Intercept Hong Kong Ltd Increases Stake in D-Wave Quantum Inc. $QBTS

Y Intercept Hong Kong Ltd grew its holdings in shares of D-Wave Quantum Inc. (NYSE:QBTS) by 894.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 569,743 shares of the company’s stock after purchasing an additional 512,460 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in D-Wave Quantum were worth $14,078,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State Street Corp lifted its stake in shares of D-Wave Quantum by 41.3% in the second quarter. State Street Corp now owns 6,648,395 shares of the company’s stock worth $97,333,000 after buying an additional 1,941,762 shares in the last quarter. Geode Capital Management LLC raised its holdings in D-Wave Quantum by 41.6% in the 2nd quarter. Geode Capital Management LLC now owns 6,411,558 shares of the company’s stock valued at $93,877,000 after acquiring an additional 1,883,109 shares during the last quarter. Marex Group plc purchased a new position in D-Wave Quantum in the 2nd quarter worth approximately $80,070,000. UNICOM Systems Inc. boosted its holdings in shares of D-Wave Quantum by 12.1% during the 3rd quarter. UNICOM Systems Inc. now owns 3,121,346 shares of the company’s stock worth $77,128,000 after purchasing an additional 337,838 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of D-Wave Quantum during the 2nd quarter worth approximately $45,372,000. 42.47% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave completed its acquisition of Quantum Circuits, expanding its product and engineering footprint and accelerating commercialization of gate-model capabilities alongside its annealing systems. Article Title
• Positive Sentiment: Company momentum: 2025 marked a clear revenue inflection — triple-digit year-over-year revenue growth and Advantage2 system sales are shifting D‑Wave from research toward commercial revenue streams, supporting a longer-term growth story. Article Title
• Positive Sentiment: Analyst support: Needham (maintained buy, $48 PT) and Benchmark (buy, $35 PT) reaffirmed bullish views — signals of institutional confidence that provide upside targets well above current levels. Needham Coverage Benchmark Coverage
• Neutral Sentiment: Investors can review management commentary and detail in recent earnings call transcripts (Q2 and Q3 2025) for updates on pipeline, product cadence and commercial bookings; these are information-heavy but not immediate price-moving headlines on their own. Q2 2025 Transcript Q3 2025 Transcript
• Neutral Sentiment: Analyst and sector comparisons (e.g., Zacks piece comparing Rigetti and D‑Wave) frame D‑Wave as a near-term commercial play vs. gate‑focused peers — useful context for longer-term positioning but mixed for short-term trading. Article Title
• Negative Sentiment: New US$330M shelf filing has raised near-term dilution and funding questions; investors appear to be pricing potential share issuance against the positive acquisition and revenue news, contributing to selling pressure. Article Title

Insider Transactions at D-Wave Quantum

In other D-Wave Quantum news, CFO John M. Markovich sold 200,000 shares of the company’s 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 transaction, the chief financial officer directly owned 1,482,874 shares in the company, valued at $34,017,129.56. This represents a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rohit Ghai sold 10,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.28, for a total value of $242,800.00. Following the transaction, the director owned 37,778 shares of the company’s stock, valued at approximately $917,249.84. This represents a 20.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 2,346,916 shares of company stock worth $65,591,314. 3.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on QBTS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-Wave Quantum in a research report on Monday, December 29th. Jefferies Financial Group initiated coverage on D-Wave Quantum in a report on Tuesday, December 16th. They set a “buy” rating and a $45.00 price target on the stock. Williams Trading set a $35.00 price objective on shares of D-Wave Quantum in a report on Monday, November 10th. Cantor Fitzgerald raised their price objective on shares of D-Wave Quantum from $20.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Mizuho assumed coverage on shares of D-Wave Quantum in a report on Thursday, December 11th. They issued an “outperform” rating and a $46.00 target price on the stock. Thirteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.86.

D-Wave Quantum Stock Down 6.6%

Shares of NYSE:QBTS opened at $25.61 on Friday. The company has a market capitalization of $8.97 billion, a price-to-earnings ratio of -18.97 and a beta of 1.57. D-Wave Quantum Inc. has a 12-month low of $4.45 and a 12-month high of $46.75. The business has a 50-day moving average price of $26.29 and a 200 day moving average price of $24.40. The company has a current ratio of 54.68, a quick ratio of 54.49 and a debt-to-equity ratio of 0.05.

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

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.