D-Wave Quantum (NYSE:QBTS) Stock Price Down 1.3% – Should You Sell?

D-Wave Quantum Inc. (NYSE:QBTS)’s stock price dropped 1.3% on Thursday . The stock traded as low as $16.82 and last traded at $17.12. Approximately 13,524,347 shares were traded during trading, a decline of 56% from the average daily volume of 30,425,656 shares. The stock had previously closed at $17.35.

Key D-Wave Quantum News

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

• Positive Sentiment: D-Wave Quantum was upgraded by Zacks Research from hold to strong-buy, adding to the bullish case after the stock’s recent pullback. This suggests analysts see improved upside potential. Zacks.com
• Positive Sentiment: One recent analyst view argued that QBTS could be meaningfully undervalued, citing rising earnings estimates and technically oversold conditions. That kind of valuation argument can attract dip buyers ahead of earnings. D-Wave Quantum (QBTS) Could Be 56% Undervalued On A More Bullish Analyst View
• Positive Sentiment: Another article highlighted D-Wave as one of the quantum stocks that could benefit from the commercialization push following the Quantinuum-SoftBank deal, with analyst targets implying substantial upside for the group. 2 Quantum Stocks With 100%+ Upside After the Quantinuum-SoftBank Deal
• Neutral Sentiment: D-Wave announced it will report second-quarter 2026 results on August 6, setting up a key catalyst for the stock. Earnings will likely determine whether recent optimism is justified. D-Wave Quantum to Report Second Quarter 2026 Financial Results on August 6, 2026
• Neutral Sentiment: Several comparison pieces this week put QBTS alongside IonQ and quantum ETFs, reflecting ongoing investor interest in the sector, but also underscoring concerns about high valuations and slow sales growth. D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
• Negative Sentiment: Some coverage noted that D-Wave remains down sharply year to date and that investors are wary of expensive quantum names that still need to prove durable revenue growth and execution. That keeps pressure on sentiment despite the recent bounce in analyst views. D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
• Negative Sentiment: A broader quantum-stock article also pointed to heavy insider selling across the sector, which can make investors more cautious about chasing the rally in QBTS. Quantum Computing Stocks IonQ, Rigetti, and D-Wave Are Sending Shockwaves Through Wall Street With This $988 Million Warning

Wall Street Analyst Weigh In

QBTS has been the subject of a number of research reports. Zacks Research upgraded shares of D-Wave Quantum from a “hold” rating to a “strong-buy” rating in a report on Monday. Canaccord Genuity Group reduced their target price on shares of D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Northland Securities began coverage on shares of D-Wave Quantum in a research report on Monday, April 20th. They issued a “market perform” rating and a $22.00 price target for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $40.00 price target on shares of D-Wave Quantum in a research note on Wednesday, May 13th. Finally, Roth Capital lifted their price target on shares of D-Wave Quantum from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, D-Wave Quantum currently has a consensus rating of “Moderate Buy” and an average price target of $36.80.

D-Wave Quantum Trading Down 1.3%

The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03. The company has a market cap of $6.33 billion, a price-to-earnings ratio of -15.15 and a beta of 2.11. The firm has a 50 day moving average price of $23.18 and a two-hundred day moving average price of $21.41.

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

Insider Activity

In other news, CEO Alan E. Baratz sold 687,627 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $26.13, for a total value of $17,967,693.51. Following the sale, the chief executive officer directly owned 3,299,771 shares of the company’s stock, valued at approximately $86,223,016.23. This represents a 17.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John M. Markovich sold 328,752 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $27.70, for a total transaction of $9,106,430.40. Following the sale, the chief financial officer owned 1,442,820 shares of the company’s stock, valued at approximately $39,966,114. This trade represents a 18.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,360,772 shares of company stock worth $35,737,111. 1.30% of the stock is owned by insiders.

Institutional Trading of D-Wave Quantum

Institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC increased its holdings in D-Wave Quantum by 388.0% in the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock worth $26,000 after purchasing an additional 776 shares in the last quarter. Parallel Advisors LLC grew its holdings in D-Wave Quantum by 545.5% in the first quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock worth $26,000 after purchasing an additional 1,511 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in D-Wave Quantum in the fourth quarter worth $28,000. PeakShares LLC bought a new stake in D-Wave Quantum in the first quarter valued at $29,000. Finally, EverSource Wealth Advisors LLC increased its stake in D-Wave Quantum by 267.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock valued at $30,000 after purchasing an additional 838 shares in the last quarter. 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.