D-Wave Quantum (NYSE:QBTS) Trading Up 3% – What’s Next?

D-Wave Quantum Inc. (NYSE:QBTS) was up 3% during mid-day trading on Monday . The stock traded as high as $14.79 and last traded at $14.6730. Approximately 16,307,029 shares traded hands during trading, a decline of 41% from the average daily volume of 27,798,432 shares. The stock had previously closed at $14.25.

D-Wave Quantum News Summary

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

• Positive Sentiment: Nvidia released open-source quantum AI/Ising models that validate tooling for quantum developers and accelerate the ecosystem — a sector-level catalyst that sent quantum names higher, benefiting D‑Wave as a pure-play hardware/software provider. Quantum stocks surge as Nvidia launches new AI models
• Positive Sentiment: D‑Wave’s recent operational updates — strong 2025 revenue growth, sizable post‑year‑end bookings and completion of the Quantum Circuits acquisition — reinforce its dual‑platform strategy (annealing + gate model) and are being treated as signs of improving commercial traction. This company-specific momentum is a primary driver of today’s gain. D-Wave Quantum jumps 15.9% as investors refocus on recent bookings, results, and its dual-platform push
• Positive Sentiment: Analyst and media coverage highlighting early‑2026 momentum (bookings, deals, acquisition) amplified investor interest and momentum flows into the stock. QBTS Builds Early 2026 Momentum on Bookings, Deals and Acquisition
• Positive Sentiment: Market commentary and retail/hedge‑fund interest around an upcoming CEO summit and the CEO’s participation on major stages (Semafor World Economy, QED‑C) created event-driven buying and anticipatory flows. D-Wave Quantum (QBTS) Surges Nearly 13% on CEO Summit Anticipation
• Neutral Sentiment: Sector rotation into quantum names (IonQ, Rigetti, D‑Wave) is broad-based: thematic flows and macro narratives about post‑quantum risk and infrastructure upgrades are lifting multiple names together. Analysts Are Bullish on These 3 Quantum Computing Stocks — Including One You’ve Never Heard Of
• Neutral Sentiment: Some commentary (Seeking Alpha) frames a return of investor sanity to valuations — positive tone but still cautious; consider this coverage as reinforcing sentiment rather than supplying new hard catalysts. D-Wave Quantum: Sanity Returns
• Negative Sentiment: Counterpoints remain: analysts and op‑eds warn about extreme valuation vs. execution risk; D‑Wave is still pre‑profit and has a history of quarterly EPS misses, so any re‑rating could reverse if bookings or execution disappoint. D-Wave Quantum: Extreme Valuation Meets Execution Reality
• Negative Sentiment: Insider selling has been heavy in recent months (multiple senior officers sold shares), which some investors view as a cautionary sign on near‑term sentiment or liquidity needs. This can cap valuation expansion over time. (Source: Quiver/insider summaries in recent coverage.)

Analyst Ratings Changes

Several equities analysts have issued reports on QBTS shares. Canaccord Genuity Group set a $43.00 target price on D-Wave Quantum in a research report on Thursday, January 29th. Roth Mkm lowered their price target on D-Wave Quantum from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of D-Wave Quantum in a report on Friday, March 27th. Needham & Company LLC lowered their price target on D-Wave Quantum from $48.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Zacks Research cut D-Wave Quantum from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, D-Wave Quantum currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.50.

D-Wave Quantum Trading Up 15.8%

The business has a fifty day simple moving average of $17.32 and a 200 day simple moving average of $24.46. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of -15.43 and a beta of 1.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 42.25 and a current ratio of 42.38.

D-Wave Quantum (NYSE:QBTS) last announced its earnings results on Thursday, February 26th. The company reported ($0.09) 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 company had revenue of $2.75 million for the quarter, compared to analyst estimates of $3.74 million. The company’s revenue was up 21.7% on a year-over-year basis. As a group, equities analysts anticipate that D-Wave Quantum Inc. will post -0.41 EPS for the current year.

Insiders Place Their Bets

In other D-Wave Quantum news, CFO John M. Markovich sold 10,706 shares of the 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 transaction, the chief financial officer owned 1,451,427 shares of the company’s stock, valued at $25,588,658.01. This represents a 0.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John D. Dilullo sold 8,000 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $18.01, for a total value of $144,080.00. Following the transaction, the director directly owned 19,803 shares in the company, valued at approximately $356,652.03. This represents a 28.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,706 shares of company stock valued at $509,027 in the last quarter. 3.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Root Financial Partners LLC lifted its stake 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 worth $26,000 after purchasing an additional 776 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of D-Wave Quantum during the 4th quarter worth $28,000. EverSource Wealth Advisors LLC raised its position in shares of D-Wave Quantum by 267.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after buying an additional 838 shares during the period. Ancora Advisors LLC purchased a new position in shares of D-Wave Quantum in the 3rd quarter worth $30,000. Finally, Financial Consulate Inc. purchased a new position in shares of D-Wave Quantum in the 3rd quarter worth $31,000. 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.