The Manufacturers Life Insurance Company Acquires 72,100 Shares of D-Wave Quantum Inc. $QBTS

The Manufacturers Life Insurance Company boosted its holdings in shares of D-Wave Quantum Inc. (NASDAQ:QBTS) by 64.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 183,481 shares of the company’s stock after buying an additional 72,100 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in D-Wave Quantum were worth $2,648,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA purchased a new position in D-Wave Quantum in the fourth quarter valued at about $1,114,000. World Investment Advisors grew its position in shares of D-Wave Quantum by 195.7% in the 4th quarter. World Investment Advisors now owns 41,691 shares of the company’s stock worth $1,090,000 after buying an additional 27,592 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of D-Wave Quantum by 319.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 98,747 shares of the company’s stock worth $1,353,000 after acquiring an additional 75,198 shares in the last quarter. Clear Street Group Inc. lifted its position in D-Wave Quantum by 40.4% during the fourth quarter. Clear Street Group Inc. now owns 4,281,254 shares of the company’s stock valued at $111,955,000 after acquiring an additional 1,232,106 shares during the last quarter. Finally, Cibc World Market Inc. lifted its position in D-Wave Quantum by 295.0% during the fourth quarter. Cibc World Market Inc. now owns 54,760 shares of the company’s stock valued at $1,432,000 after acquiring an additional 40,897 shares during the last quarter. Institutional investors own 42.47% of the company’s stock.

Analyst Upgrades and Downgrades

QBTS has been the subject of a number of recent analyst reports. Wall Street Zen raised D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research report on Saturday. Roth Capital reiterated a “buy” rating and issued a $30.00 price target on shares of D-Wave Quantum in a research note on Thursday. B. Riley Financial raised their price target on D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of D-Wave Quantum in a research note on Tuesday, June 2nd. Finally, Stifel Nicolaus set a $35.00 price objective on shares of D-Wave Quantum in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, D-Wave Quantum has a consensus rating of “Moderate Buy” and an average price target of $36.36.

D-Wave Quantum Stock Performance

Shares of NASDAQ QBTS opened at $20.76 on Friday. The company has a 50 day simple moving average of $21.74 and a two-hundred day simple moving average of $20.59. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of -29.24 and a beta of 2.15. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03. D-Wave Quantum Inc. has a 12 month low of $12.75 and a 12 month high of $46.75.

D-Wave Quantum (NASDAQ:QBTS) last issued its earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The business had revenue of $3.08 million for the quarter, compared to analysts’ expectations of $4.03 million. D-Wave Quantum had a negative return on equity of 28.19% and a negative net margin of 2,001.59%.The company’s revenue for the quarter was down 0.6 on a year-over-year basis. During the same period last year, the business earned ($0.08) EPS. As a group, analysts predict that D-Wave Quantum Inc. will post -0.42 earnings per share for the current year.

D-Wave Quantum News Summary

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

• Positive Sentiment: Bookings and customer adoption improved substantially. D-Wave reported a roughly 1,120% year-over-year increase in first-half bookings, a $40.7 million backlog and growing exposure to commercial customers. Management said production annealing usage is expanding, supporting the company’s long-term growth narrative. D-Wave CEO says QBTS ready to lead the quantum market after a 1,100% surge in first-half bookings
• Positive Sentiment: Analyst confidence is providing support. Rosenblatt Securities reaffirmed its “Buy” rating and set a $43 price target, implying substantial upside from current levels. Broader coverage also identifies quantum computing as a potential beneficiary of increasing AI investment and government support for next-generation computing. Beyond NVIDIA and GPUs: The Next AI and Quantum Winners Leading 2026
• Neutral Sentiment: The investment case remains dependent on execution. D-Wave is developing a staged path toward commercially relevant gate-model quantum computing, while management expects a disproportionate share of 2026 revenue to arrive in the fourth quarter. That outlook could produce significant upside if adoption accelerates, but also leaves results sensitive to timing and customer deployments. QBTS Q2 Earnings Call Focuses on Adoption and Quantum Roadmaps
• Negative Sentiment: Second-quarter results missed expectations. Revenue was $3.08 million versus approximately $4.03 million expected, while the loss was $0.10 per share compared with an anticipated $0.08 loss. Revenue also declined slightly year over year, and the company continues to report substantial net losses. These results initially pressured the shares despite the bookings growth. QBTS Stock Falls on Wider-Than-Expected Q2 Loss and Revenue Miss

Insiders Place Their Bets

In related news, VP Sophie C. Ames sold 23,025 shares of D-Wave Quantum stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $18.98, for a total transaction of $437,014.50. Following the completion of the transaction, the vice president directly owned 596,803 shares in the company, valued at approximately $11,327,320.94. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rohit Ghai sold 13,518 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $26.41, for a total value of $357,010.38. Following the completion of the transaction, the director directly owned 23,617 shares of the company’s stock, valued at $623,724.97. The trade was a 36.40% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 1,363,842 shares of company stock worth $35,789,148. 1.30% of the stock is currently owned by company insiders.

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.