D-Wave Quantum (NYSE:QBTS) VP Sophie Ames Sells 3,070 Shares of Stock

D-Wave Quantum Inc. (NYSE:QBTS) VP Sophie Ames sold 3,070 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $16.95, for a total transaction of $52,036.50. Following the completion of the transaction, the vice president owned 589,009 shares of the company’s stock, valued at approximately $9,983,702.55. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

D-Wave Quantum Stock Performance

Shares of NYSE QBTS opened at $17.64 on Wednesday. The stock has a market cap of $6.53 billion, a PE ratio of -15.61 and a beta of 2.11. D-Wave Quantum Inc. has a 1 year low of $12.75 and a 1 year high of $46.75. The firm has a fifty day moving average price of $22.99 and a 200-day moving average price of $21.07. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31.

D-Wave Quantum (NYSE:QBTS) last released its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The company had revenue of $2.86 million for the quarter, compared to analysts’ expectations of $4.19 million. During the same quarter in the previous year, the company earned ($0.02) EPS. D-Wave Quantum’s revenue for the quarter was down 80.9% on a year-over-year basis. Equities analysts anticipate that D-Wave Quantum Inc. will post -0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On D-Wave Quantum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG increased its stake in D-Wave Quantum by 541.6% in the 3rd quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after acquiring an additional 10,205,427 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of D-Wave Quantum by 136,842.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,194,866 shares of the company’s stock valued at $83,546,000 after acquiring an additional 3,192,533 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of D-Wave Quantum by 311.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,548,013 shares of the company’s stock valued at $92,781,000 after purchasing an additional 2,685,980 shares in the last quarter. Marex Group plc grew its holdings in shares of D-Wave Quantum by 74.9% in the fourth quarter. Marex Group plc now owns 4,592,656 shares of the company’s stock valued at $120,098,000 after purchasing an additional 1,966,500 shares in the last quarter. Finally, State Street Corp increased its position 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 worth $97,333,000 after purchasing an additional 1,941,762 shares during the last quarter. 42.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

QBTS has been the subject of several research analyst reports. Zacks Research upgraded D-Wave Quantum from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Jefferies Financial Group reissued a “buy” rating on shares of D-Wave Quantum in a report on Tuesday, May 12th. Cantor Fitzgerald restated an “overweight” rating and issued a $40.00 price target on shares of D-Wave Quantum in a research note on Wednesday, May 13th. Benchmark initiated coverage on shares of D-Wave Quantum in a research report on Monday. They set a “buy” rating and a $30.00 price objective on the stock. Finally, Stifel Nicolaus set a $35.00 target price on shares of D-Wave Quantum in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.47.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: Expanded AT&T partnership validates commercial demand. AT&T plans to expand its use of D-Wave’s quantum-annealing systems across network operations to address complex optimization problems. The companies highlighted a benchmark in which a network workload was reduced from roughly one hour to 15 seconds, or a 240-fold acceleration. The agreement is viewed as evidence that D-Wave’s technology is moving beyond research into live enterprise applications. AT&T Signs Agreement to Expand Use of D-Wave’s Quantum Computing Technology Across Network Operations
• Positive Sentiment: Analysts remain optimistic. Rosenblatt Securities reaffirmed its Buy rating and set a $43 price target, implying substantial upside from recent levels. Broader analyst commentary also points to strong bookings, revenue visibility and liquidity heading into D-Wave’s second-quarter results. Rosenblatt Reiterates Buy Rating
• Neutral Sentiment: Sector-wide volatility is driving the near-term move. Quantum stocks rallied strongly following the D-Wave and AT&T announcement, but have since retreated as Nvidia-led concerns about AI infrastructure spending triggered a broader pullback. This suggests the current weakness may reflect profit-taking and risk reduction across the sector rather than a deterioration in D-Wave’s AT&T opportunity. Quantum Stocks Retreat in Premarket
• Negative Sentiment: Financial results remain a major risk. D-Wave’s latest quarter showed revenue of $2.86 million, down 80.9% year over year and below expectations, although its adjusted loss per share was better than forecast. The company remains unprofitable, with significant negative margins, making the stock highly dependent on future contract growth and commercialization.
• Negative Sentiment: Insider selling adds a minor negative signal. Vice President Sophie Ames sold 3,070 shares worth approximately $52,000 under a pre-arranged Rule 10b5-1 plan. The sale reduced her stake by only 0.52%, limiting its significance, but it may still contribute to cautious sentiment. SEC Insider Filing

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.