D-Wave Quantum (NASDAQ:QBTS) Stock Price Down 9.5% – Here’s Why

Shares of D-Wave Quantum Inc. (NASDAQ:QBTS) were down 9.5% during mid-day trading on Wednesday . The stock traded as low as $17.45 and last traded at $17.51. Approximately 25,876,598 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 28,620,412 shares. The stock had previously closed at $19.35.

D-Wave Quantum News Roundup

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

• Positive Sentiment: Despite recent earnings weakness, D-Wave’s rising bookings, backlog and commercial-customer growth suggest continued demand for its quantum-computing systems and services. The company’s expanding order book indicates that the revenue decline may reflect delivery timing rather than a lack of customer interest. The Bull Case for D-Wave After a Disappointing Earnings Season
• Neutral Sentiment: Quantum-computing adoption could benefit D-Wave over the longer term as companies and governments increase spending on post-quantum cybersecurity and related technologies. However, the opportunity remains dependent on broader commercialization and does not address near-term profitability. Quantum Computing Is Raising the Stakes for Cybersecurity: 5 Stocks to Watch
• Negative Sentiment: Chief Financial Officer John Markovich will retire and resign effective September 2, 2026. D-Wave said an acting CFO will take over, but investors appear concerned that the abrupt leadership transition could signal deeper execution, financial-reporting or funding risks at a company that is not yet profitable. D-Wave Quantum Announces the Resignation of Chief Financial Officer
• Negative Sentiment: The reaction was amplified by D-Wave’s speculative profile: the company recently missed quarterly revenue and earnings expectations, remains loss-making, and has experienced a gap between strong orders and reported revenue. The CFO departure also pressured other quantum-computing stocks as investors reassessed risks across the sector. D-Wave Sinks as Its CFO Retires

Analyst Ratings Changes

QBTS has been the subject of a number of research analyst reports. Jefferies Financial Group set a $40.00 target price on D-Wave Quantum in a report on Friday, August 7th. B. Riley Financial upped their price target on D-Wave Quantum from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Weiss Ratings cut D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of D-Wave Quantum in a report on Tuesday, June 2nd. Finally, Stifel Nicolaus set a $35.00 price target on shares of D-Wave Quantum in a report on Tuesday, June 2nd. Thirteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.27.

D-Wave Quantum Stock Performance

The business’s 50 day simple moving average is $20.38 and its two-hundred day simple moving average is $20.21. The firm has a market capitalization of $6.48 billion, a PE ratio of -24.66 and a beta of 2.15. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NASDAQ:QBTS) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%.The firm had revenue of $3.08 million during the quarter, compared to analysts’ expectations of $4.03 million. During the same quarter last year, the business earned ($0.08) earnings per share. The business’s quarterly revenue was down 0.6 on a year-over-year basis. Research analysts expect that D-Wave Quantum Inc. will post -0.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Alan E. Baratz sold 687,627 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $26.13, for a total transaction of $17,967,693.51. Following the completion of the sale, the chief executive officer owned 3,299,771 shares of the company’s stock, valued at $86,223,016.23. This represents a 17.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John D. Dilullo sold 7,850 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $24.43, for a total transaction of $191,775.50. Following the sale, the director directly owned 21,310 shares of the company’s stock, valued at $520,603.30. The trade was a 26.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,012,065 shares of company stock valued at $26,245,703 in the last 90 days. Insiders own 1.30% of the company’s stock.

Institutional Trading of D-Wave Quantum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QBTS. Fiduciary Financial Advisors bought a new position in D-Wave Quantum in the second quarter worth approximately $25,000. Root Financial Partners LLC grew its position in shares of D-Wave Quantum by 388.0% during the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after acquiring an additional 776 shares during the period. Parallel Advisors LLC grew its position in shares of D-Wave Quantum by 545.5% during the 1st quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock valued at $26,000 after acquiring an additional 1,511 shares during the period. Kemnay Advisory Services Inc. bought a new stake in shares of D-Wave Quantum during the 4th quarter valued at $28,000. Finally, PeakShares LLC purchased a new stake in shares of D-Wave Quantum in the 1st quarter worth $29,000. 42.47% of the stock is owned by hedge funds and other institutional investors.

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.