D-Wave Quantum (NYSE:QBTS) Trading Down 6.9% – Should You Sell?

D-Wave Quantum Inc. (NYSE:QBTS)’s share price was down 6.9% on Friday . The company traded as low as $17.83 and last traded at $18.0420. Approximately 26,511,659 shares were traded during trading, a decline of 22% from the average daily volume of 34,122,992 shares. The stock had previously closed at $19.38.

D-Wave Quantum News Summary

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

• Positive Sentiment: Trybe Capital bought 1.9 million shares of QBTS, signaling institutional confidence and providing a near-term demand catalyst. Trybe Capital Loads Up D-Wave Quantum With 1.9 Million Shares Bought
• Positive Sentiment: D-Wave joined the Southeastern Quantum Collaborative as an inaugural member, expanding its academic, industry and government network — a strategic move that can help commercial adoption and partnership-driven bookings. D-Wave Joins Southeastern Quantum Collaborative as Inaugural Member
• Positive Sentiment: Analysts have placed a consensus rating of “Moderate Buy” on QBTS, which may support investor sentiment and limit downside if execution continues. D-Wave Quantum Inc. (NYSE:QBTS) Receives Consensus Rating of “Moderate Buy” from Analysts
• Neutral Sentiment: Comparative analyses (IonQ vs. D‑Wave) highlight both firms’ rapid growth but don’t give a clear edge to either — useful context for investors deciding between quantum names but not an immediate price driver. IonQ vs. D-Wave: Which Quantum Stock Has the Clearer Path to Growth in 2026?
• Neutral Sentiment: The Motley Fool published a broader cautionary piece on popular stocks to sell, underscoring appetite for profit-taking in richly valued names across tech — a sector-wide headwind that can add pressure to QBTS. 2 Incredibly Popular Stocks to Sell Before They Plummet
• Negative Sentiment: Zacks warns that while Q4 bookings and tech progress could be strong, QBTS’s lofty valuation and margin pressure may cap upside — a near-term negative catalyst ahead of earnings. Should You Buy D-Wave Stock Ahead of Q4 Earnings Release?
• Negative Sentiment: MarketBeat and other outlets continue to flag volatility in the quantum sector and note peers sometimes outperforming D‑Wave, reinforcing downside risk if sentiment toward quantum names cools. MarketBeat Week in Review – 02/16 – 02/20

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of D-Wave Quantum in a research note on Monday, December 29th. Canaccord Genuity Group set a $43.00 price objective on D-Wave Quantum in a research note on Thursday, January 29th. Mizuho initiated coverage on D-Wave Quantum in a research report on Thursday, December 11th. They set an “outperform” rating and a $46.00 price objective for the company. Wall Street Zen cut shares of D-Wave Quantum from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Finally, Wedbush began coverage on shares of D-Wave Quantum in a research note on Wednesday, December 17th. They issued an “outperform” rating and a $35.00 price target for the company. Fourteen investment 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.21.

D-Wave Quantum Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 54.68 and a quick ratio of 54.49. The company’s 50 day simple moving average is $24.99 and its 200 day simple moving average is $24.84. The company has a market capitalization of $6.67 billion, a PE ratio of -13.36 and a beta of 1.56.

Insider Transactions at D-Wave Quantum

In related news, Director John D. Dilullo sold 8,000 shares of D-Wave Quantum stock in a transaction on Friday, December 5th. The shares were sold at an average price of $27.36, for a total transaction of $218,880.00. Following the sale, the director directly owned 27,803 shares in the company, valued at $760,690.08. This trade represents a 22.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John M. Markovich sold 100,000 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $30.03, for a total transaction of $3,003,000.00. Following the completion of the sale, the chief financial officer directly owned 1,471,312 shares of the company’s stock, valued at approximately $44,183,499.36. This trade represents a 6.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,074,466 shares of company stock worth $31,558,806. Insiders own 3.20% of the company’s stock.

Institutional Trading of D-Wave Quantum

A number of large investors have recently made changes to their positions in the company. Baird Financial Group Inc. increased its position 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 worth $92,000 after buying an additional 1,300 shares during the period. Royal Bank of Canada boosted its holdings 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 valued at $1,231,000 after acquiring an additional 60,668 shares during the period. AQR Capital Management LLC grew its position in shares of D-Wave Quantum by 201.0% during the first quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock worth $1,526,000 after acquiring an additional 134,066 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of D-Wave Quantum by 93.4% in 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 increased its holdings in shares of D-Wave Quantum by 125.7% in 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 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.