Lisanti Capital Growth LLC Acquires Shares of 112,955 D-Wave Quantum Inc. $QBTS

Lisanti Capital Growth LLC bought a new position in D-Wave Quantum Inc. (NASDAQ:QBTS) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 112,955 shares of the company’s stock, valued at approximately $2,710,000.

Other large investors have also made changes to their positions in the company. CoreCap Advisors LLC boosted its stake in D-Wave Quantum by 9.2% during the second quarter. CoreCap Advisors LLC now owns 6,115 shares of the company’s stock worth $147,000 after buying an additional 515 shares during the last quarter. Sigma Planning Corp boosted its position in shares of D-Wave Quantum by 3.6% during the 4th quarter. Sigma Planning Corp now owns 16,329 shares of the company’s stock valued at $431,000 after acquiring an additional 560 shares during the last quarter. AlphaStar Capital Management LLC grew its holdings in shares of D-Wave Quantum by 2.2% in the fourth quarter. AlphaStar Capital Management LLC now owns 27,063 shares of the company’s stock valued at $708,000 after purchasing an additional 592 shares during the period. Thoroughbred Financial Services LLC increased its position in D-Wave Quantum by 0.5% during the fourth quarter. Thoroughbred Financial Services LLC now owns 131,852 shares of the company’s stock worth $3,447,000 after purchasing an additional 602 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in D-Wave Quantum by 0.7% during the fourth quarter. Arizona State Retirement System now owns 92,037 shares of the company’s stock worth $2,407,000 after purchasing an additional 613 shares during the period. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on QBTS shares. Rosenblatt Securities reissued a “buy” rating and issued a $43.00 price target on shares of D-Wave Quantum in a research note on Friday, August 7th. Zacks Research raised D-Wave Quantum from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Roth Capital restated a “buy” rating and issued a $30.00 target price on shares of D-Wave Quantum in a research report on Thursday, August 6th. Stifel Nicolaus set a $35.00 price target on D-Wave Quantum in a report on Tuesday, June 2nd. Finally, Mizuho boosted their price objective on shares of D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, June 15th. One 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.36.

D-Wave Quantum News Roundup

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

• Positive Sentiment: Commercial adoption is expanding. NTT DOCOMO deployed a second D-Wave-powered quantum application in production for network operations. The development provides evidence that D-Wave’s technology is moving beyond experimentation toward real-world enterprise use. D-Wave Technology Drives NTT DOCOMO’s Second Production Quantum Application in Network Operations
• Positive Sentiment: Bookings showed significant momentum. A recent comparison article highlighted a 1,120% year-over-year increase in second-quarter bookings to $36 million, suggesting potential for future revenue growth if the company converts bookings into recognized sales. D-Wave Quantum vs. Microsoft
• Positive Sentiment: Sector and policy catalysts remain supportive. Coverage points to recent U.S. quantum initiatives and the intensifying U.S.-China technology race as potential long-term tailwinds for D-Wave and other quantum-computing companies. U.S.-China 2026 Tech Race
• Neutral Sentiment: Analysts see substantial upside, but execution is critical. One review cited approximately 71% implied price upside while warning that investors need evidence of bookings translating into revenue. Quantum-focused investors are also comparing individual stocks such as QBTS with diversified ETFs. D-Wave Stock: 71% Potential Upside
• Negative Sentiment: Valuation and profitability remain major risks. D-Wave has minimal revenue, remains unprofitable and trades at a valuation that critics describe as excessive. Its latest quarterly revenue also came in below expectations, increasing the importance of future commercial conversion.
• Negative Sentiment: Higher interest rates are hurting speculative stocks. A rise in long-term Treasury yields triggered a broad rotation out of high-risk technology names, including quantum stocks, weighing on QBTS alongside IonQ and Rigetti. Quantum Stocks Fall as Rates Force Rotation

D-Wave Quantum Stock Performance

NASDAQ:QBTS opened at $19.32 on Thursday. D-Wave Quantum Inc. has a 52 week low of $12.75 and a 52 week high of $46.75. The company has a fifty day simple moving average of $20.78 and a two-hundred day simple moving average of $20.25. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03. The company has a market cap of $7.15 billion, a price-to-earnings ratio of -27.21 and a beta of 2.15.

D-Wave Quantum (NASDAQ:QBTS) last announced its quarterly earnings data 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). D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. The company had revenue of $3.08 million during the quarter, compared to analyst estimates of $4.03 million. During the same quarter in the previous year, the business posted ($0.08) earnings per share. The firm’s revenue was down 0.6 on a year-over-year basis. As a group, equities analysts anticipate that D-Wave Quantum Inc. will post -0.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP Sophie C. Ames sold 3,070 shares of D-Wave Quantum stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $16.95, for a total value of $52,036.50. Following the completion of the transaction, the vice president owned 589,009 shares in the company, valued at $9,983,702.55. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Dilullo sold 7,850 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $24.43, for a total transaction of $191,775.50. Following the transaction, the director owned 21,310 shares of the company’s stock, valued at $520,603.30. This trade represents a 26.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,340,817 shares of company stock worth $35,352,133. Corporate insiders own 1.30% of the company’s stock.

D-Wave Quantum Company 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.