D-Wave Quantum Sees Unusually High Options Volume (NYSE:QBTS)

D-Wave Quantum Inc. (NYSE:QBTS) was the target of some unusual options trading on Wednesday. Traders bought 109,771 call options on the company. This is an increase of approximately 94% compared to the typical volume of 56,624 call options.

Analyst Ratings Changes

Several research analysts have commented on QBTS shares. Mizuho lowered their target price on D-Wave Quantum from $46.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Rosenblatt Securities restated a “buy” rating and issued a $43.00 price target on shares of D-Wave Quantum in a research report on Wednesday, January 28th. Canaccord Genuity Group set a $43.00 price objective on shares of D-Wave Quantum in a research report on Thursday, January 29th. Wall Street Zen downgraded shares of D-Wave Quantum from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Finally, Zacks Research lowered shares of D-Wave Quantum from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.50.

Insider Activity at D-Wave Quantum

In related news, Director John D. Dilullo sold 8,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $18.01, for a total value of $144,080.00. Following the completion of the transaction, the director owned 19,803 shares of the company’s stock, valued at $356,652.03. The trade was a 28.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO John M. Markovich sold 10,706 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $17.63, for a total value of $188,746.78. Following the transaction, the chief financial officer directly owned 1,451,427 shares of the company’s stock, valued at approximately $25,588,658.01. The trade was a 0.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 28,706 shares of company stock valued at $509,027 over the last quarter. 3.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On D-Wave Quantum

Several large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its position in shares of D-Wave Quantum by 125.7% during the 2nd quarter. Osaic Holdings Inc. now owns 247,004 shares of the company’s stock valued at $3,616,000 after purchasing an additional 137,549 shares during the last quarter. UNICOM Systems Inc. increased its position 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 valued at $77,128,000 after purchasing an additional 337,838 shares during the last quarter. Csenge Advisory Group increased its position in shares of D-Wave Quantum by 99.1% during the 3rd quarter. Csenge Advisory Group now owns 35,886 shares of the company’s stock valued at $887,000 after purchasing an additional 17,860 shares during the last quarter. Mutual Advisors LLC purchased a new stake in shares of D-Wave Quantum during the 3rd quarter valued at $1,069,000. Finally, Federated Hermes Inc. increased its position in shares of D-Wave Quantum by 259,560.6% during the 3rd quarter. Federated Hermes Inc. now owns 184,359 shares of the company’s stock valued at $4,556,000 after purchasing an additional 184,288 shares during the last quarter. 42.47% of the stock is currently owned by institutional investors.

Key D-Wave Quantum News

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

• Positive Sentiment: Nvidia’s new quantum-AI products boosted investor optimism for the whole quantum sector, directly lifting QBTS as traders anticipate broader adoption and partnerships. D-Wave Quantum (QBTS) Soars 22% on Nvidia Quantum Support
• Positive Sentiment: CEO Alan Baratz’s public challenge to Nvidia (“quantum computers are coming for you”) generated media attention and investor excitement that QBTS could play a leading role in next‑gen AI compute. D-Wave CEO Warns Nvidia: Quantum Computers Are Coming For You
• Positive Sentiment: Unusually large options activity — roughly 109,771 call contracts traded (about +94% vs. average) — signals aggressive bullish positioning that can amplify intraday upside for the stock.
• Neutral Sentiment: Recent writeups assess QBTS’s valuation in light of the Nvidia‑driven rally; these pieces highlight upside potential but note high volatility and uncertain near‑term earnings. A Look At D‑Wave Quantum (QBTS) Valuation As Nvidia’s Quantum AI Models Spark Sector Rally
• Neutral Sentiment: Multiple outlets report a multi‑day quantum stock rally (IonQ, Rigetti, D‑Wave), suggesting sector momentum is broad‑based rather than company‑specific. IonQ Rises 4%, D-Wave Surges 5%, Rigetti Gains 3: The Quantum Rally Is Now a Three-Day Phenomenon
• Negative Sentiment: Zacks flags rising risks into Q1 earnings — expanding losses, a weak near‑term outlook and bearish technicals — which could pressure the stock once momentum fades. QBTS Stock Alert: Why D-Wave Faces Rising Risks Ahead of Q1 Earnings
• Negative Sentiment: Commentary urging caution about chasing a ~60% five‑day rally highlights crowding and volatility risk; short‑term momentum could reverse if earnings or guidance disappoint. Up nearly 60% in 5 days, should you chase the rally in D-Wave Quantum stock?

D-Wave Quantum Price Performance

Shares of QBTS opened at $21.52 on Friday. The company has a quick ratio of 42.25, a current ratio of 42.38 and a debt-to-equity ratio of 0.04. The business’s fifty day moving average is $17.42 and its 200 day moving average is $24.41. D-Wave Quantum has a 12-month low of $5.97 and a 12-month high of $46.75. The stock has a market cap of $7.96 billion, a P/E ratio of -19.56 and a beta of 1.78.

D-Wave Quantum (NYSE:QBTS) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 58.58%. The company had revenue of $2.75 million for the quarter, compared to the consensus estimate of $3.74 million. The business’s revenue was up 21.7% on a year-over-year basis. Sell-side analysts anticipate that D-Wave Quantum will post -0.41 earnings per share for the current fiscal 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.