WBI Investments LLC Buys Shares of 34,176 D-Wave Quantum Inc. $QBTS

WBI Investments LLC purchased a new position in shares of D-Wave Quantum Inc. (NYSE:QBTS) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 34,176 shares of the company’s stock, valued at approximately $844,000.

Several other hedge funds also recently modified their holdings of QBTS. Vanguard Group Inc. lifted its stake in shares of D-Wave Quantum by 41.2% in the 3rd quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock valued at $950,220,000 after purchasing an additional 11,218,255 shares during the last quarter. UBS Group AG increased its position in D-Wave Quantum by 541.6% during the third quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after buying an additional 10,205,427 shares during the last quarter. State Street Corp raised its holdings in D-Wave Quantum by 41.3% during the second quarter. State Street Corp now owns 6,648,395 shares of the company’s stock valued at $97,333,000 after buying an additional 1,941,762 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of D-Wave Quantum by 41.6% in the second quarter. Geode Capital Management LLC now owns 6,411,558 shares of the company’s stock worth $93,877,000 after buying an additional 1,883,109 shares during the last quarter. Finally, Marex Group plc acquired a new stake in shares of D-Wave Quantum in the second quarter worth about $80,070,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

Insider Activity

In other news, CFO John M. Markovich sold 10,706 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $17.63, for a total transaction of $188,746.78. Following the completion of the transaction, the chief financial officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John D. Dilullo sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $18.01, for a total value of $144,080.00. Following the completion of the transaction, the director directly owned 19,803 shares in the company, valued at approximately $356,652.03. This trade represents a 28.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 966,610 shares of company stock worth $28,666,597 in the last quarter. 3.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on QBTS. Zacks Research lowered D-Wave Quantum from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. Rosenblatt Securities restated a “buy” rating and issued a $43.00 target price on shares of D-Wave Quantum in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of D-Wave Quantum in a research report on Monday, December 29th. Canaccord Genuity Group set a $43.00 price target on shares of D-Wave Quantum in a research report on Thursday, January 29th. Finally, Mizuho reduced their price objective on shares of 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. Fourteen analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.50.

More D-Wave Quantum News

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

• Positive Sentiment: Analyst support: the stock maintains a consensus “Moderate Buy” from sell‑side analysts and several recent buy/outperform ratings and price targets that could help underpin demand. D-Wave Receives Consensus Rating of “Moderate Buy”
• Positive Sentiment: Ongoing narrative/product coverage highlighting customer traction and long‑term potential can attract growth investors and support valuation over time. D‑Wave Keeps Delivering Good News—So Why Is It Falling?
• Neutral Sentiment: Contextual takes on insider trades — some outlets dig into whether recent filings reflect routine liquidity rather than a loss of confidence; read-through is mixed for investors. Are D‑Wave Insiders Selling Out? Here’s What Filings Really Show
• Neutral Sentiment: Relative/peer analysis pieces comparing D‑Wave to software/enterprise vendors provide context but are unlikely to move the stock materially unless they reveal customer wins or losses. Guidewire vs. D‑Wave Head‑to‑Head
• Negative Sentiment: Insider selling: Director Rohit Ghai sold 10,000 shares at ~$17.62 on Mar 16; filings show a significant reduction in his stake, which can spook investors when multiple insiders trade. Ghai Form 4
• Negative Sentiment: CFO sale: Chief Financial Officer John Markovich sold 10,706 shares at ~$17.63 on Mar 13 — another insider sale that may weigh on near‑term sentiment. Markovich Form 4
• Negative Sentiment: Earnings/revenue beat risk: D‑Wave’s Feb. 26 quarter missed EPS and revenue estimates (EPS −$0.09 vs. cons. −$0.05; revenue $2.75M vs. est. $3.74M), reminding investors the business is early and results-driven. (See company earnings summary on news feeds.)
• Negative Sentiment: Competitive & macro pressure: coverage flags IBM’s expanded hybrid quantum roadmap as a potential larger‑player threat, and macro volatility (inflation/oil) could increase pressure on growth/tech multiples. IBM Threat to D‑Wave Macro Headwinds

D-Wave Quantum Stock Down 5.6%

QBTS stock opened at $16.48 on Thursday. The business’s 50-day simple moving average is $21.65 and its 200 day simple moving average is $25.14. 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 company has a market cap of $6.10 billion, a PE ratio of -14.98 and a beta of 1.61. D-Wave Quantum Inc. has a twelve month low of $5.77 and a twelve month high of $46.75.

D-Wave Quantum (NYSE:QBTS) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm 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% compared to the same quarter last year. On average, research analysts anticipate that D-Wave Quantum Inc. will post -0.41 earnings per share for the current year.

D-Wave Quantum 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.