D-Wave Quantum (NYSE:QBTS) Trading 3.8% Higher – What’s Next?

D-Wave Quantum Inc. (NYSE:QBTS)’s stock price traded up 3.8% on Wednesday . The stock traded as high as $21.80 and last traded at $21.13. 33,756,651 shares traded hands during trading, an increase of 11% from the average session volume of 30,328,271 shares. The stock had previously closed at $20.36.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: Nvidia catalyst: Nvidia’s quantum‑AI launch sparked a broad sector rally that materially boosted QBTS earlier in the week, drawing new investor attention and momentum. Read More.
• Positive Sentiment: Analyst backdrop remains constructive: multiple firms maintain buy/outperform views and median price targets sit well above current levels, which supports longer‑term upside expectations. Read More.
• Neutral Sentiment: New coverage: Northland Securities initiated coverage with a market‑perform / $22 target — a cautious, near‑term view that may temper some of the rally’s momentum. Read More.
• Neutral Sentiment: Retail commentary frames current weakness as a potential buying opportunity for patient investors; useful for sentiment but not a firm catalyst. Read More.
• Neutral Sentiment: Market‑wide/NYSE volatility also cited by commentators as a contributor to short‑term swings rather than company‑specific news. Read More.
• Negative Sentiment: Profit‑taking and resale overhang: analysts point to post‑rally profit‑taking and a potential psychological overhang from ~10.43M registered resale shares tied to the Quantum Circuits deal, which can weigh on near‑term liquidity and sentiment. Read More.
• Negative Sentiment: Insider sale reported: VP Sophie Ames sold 3,070 shares under a pre‑arranged 10b5‑1 plan — small in size but adds to a recent pattern of insider selling that some investors monitor. Read More.
• Negative Sentiment: Elevated short interest: higher short positioning magnifies intraday moves and can deepen pullbacks when profit‑taking occurs. Read More.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Zacks Research downgraded D-Wave Quantum from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. Wall Street Zen downgraded D-Wave Quantum from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Northland Securities started coverage on D-Wave Quantum in a research report on Monday. They set a “market perform” rating and a $22.00 target price for the company. Benchmark restated a “buy” rating and set a $35.00 price target on shares of D-Wave Quantum in a research note on Friday, January 23rd. Finally, TD Cowen started coverage on D-Wave Quantum in a research note on Thursday, February 12th. They set a “buy” rating on the stock. Fourteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.53.

D-Wave Quantum Stock Performance

The stock has a market cap of $7.82 billion, a PE ratio of -19.21 and a beta of 1.78. 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 firm has a 50 day moving average price of $17.44 and a 200 day moving average price of $24.23.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The firm had revenue of $2.75 million for the quarter, compared to analysts’ expectations of $3.74 million. D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 58.58%. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. As a group, research analysts forecast that D-Wave Quantum Inc. will post -0.35 earnings per share for the current year.

Insider Buying and Selling

In other D-Wave Quantum news, VP Sophie C. Ames sold 3,070 shares of D-Wave Quantum stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $21.35, for a total value of $65,544.50. Following the transaction, the vice president owned 643,678 shares in the company, valued at $13,742,525.30. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Dilullo sold 8,000 shares of D-Wave Quantum stock in a transaction dated 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 owned 19,803 shares in the company, valued at $356,652.03. This trade represents a 28.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 31,776 shares of company stock worth $574,571 over the last ninety days. 3.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On D-Wave Quantum

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in D-Wave Quantum by 41.2% in the third 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 grew its stake in shares of 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 acquiring an additional 10,205,427 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of D-Wave Quantum by 11.5% during the fourth quarter. Geode Capital Management LLC now owns 8,394,726 shares of the company’s stock worth $220,085,000 after acquiring an additional 866,405 shares during the last quarter. State Street Corp grew its stake in shares of D-Wave Quantum by 5.3% during the fourth quarter. State Street Corp now owns 7,707,085 shares of the company’s stock worth $201,540,000 after acquiring an additional 385,809 shares during the last quarter. Finally, Marex Group plc grew its stake in shares of D-Wave Quantum by 74.9% during the fourth quarter. Marex Group plc now owns 4,592,656 shares of the company’s stock worth $120,098,000 after acquiring an additional 1,966,500 shares during the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

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.