D-Wave Quantum (NYSE:QBTS) Stock Price Up 20.4% After Analyst Upgrade

D-Wave Quantum Inc. (NYSE:QBTS) shares rose 20.4% during mid-day trading on Monday after Benchmark upgraded the stock to a strong-buy rating. The company traded as high as $19.54 and last traded at $19.51. Approximately 48,169,823 shares traded hands during trading, an increase of 58% from the average daily volume of 30,392,904 shares. The stock had previously closed at $16.21.

A number of other equities analysts have also issued reports on QBTS. Weiss Ratings raised shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Northland Securities initiated 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 on the stock. Jefferies Financial Group restated a “buy” rating on shares of D-Wave Quantum in a report on Tuesday, May 12th. B. Riley Financial upped their price objective on shares of D-Wave Quantum from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Zacks Research upgraded shares of D-Wave Quantum from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.47.

Insider Buying and Selling at D-Wave Quantum

In other D-Wave Quantum news, Director Rohit Ghai sold 13,518 shares of D-Wave Quantum stock in a transaction on Monday, June 15th. The shares were sold at an average price of $26.41, for a total transaction of $357,010.38. Following the sale, the director owned 23,617 shares in the company, valued at $623,724.97. The trade was a 36.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Dilullo sold 7,850 shares of D-Wave Quantum stock in a transaction 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 sale, the director owned 21,310 shares in the company, valued at $520,603.30. This represents a 26.92% decrease in their position. 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. Insiders sold a total of 1,363,842 shares of company stock valued at $35,789,148 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

Key D-Wave Quantum News

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

• Positive Sentiment: Expanded AT&T partnership strengthens commercialization prospects. AT&T is expanding its use of D-Wave’s quantum-annealing technology for network operations. A highlighted benchmark reduced a network optimization task from approximately 60 minutes to 15 seconds—a 240-fold acceleration—providing evidence that D-Wave’s systems can address real-world enterprise workloads. D-Wave Quantum Expands AT&T Partnership for Network Operations
• Positive Sentiment: Analyst sentiment improved. Benchmark upgraded D-Wave Quantum to “Strong Buy,” while Rosenblatt reaffirmed its Buy rating and maintained a $43 price target. The target implies substantial upside from recent trading levels. Analysts have also cited D-Wave’s bookings, revenue visibility and strong liquidity ahead of its next earnings report. Rosenblatt Reiterates Buy Rating
• Neutral Sentiment: Profit-taking and broader technology concerns are affecting the stock. Quantum-computing shares retreated after the AT&T announcement triggered a strong sector-wide rally. Concerns linked to Nvidia-led AI infrastructure spending appear to be prompting investors to reduce risk, suggesting the recent weakness may reflect market positioning rather than deterioration in D-Wave’s AT&T opportunity. Quantum Stocks Retreat in Premarket
• Negative Sentiment: Operating performance remains a key risk. D-Wave’s latest quarter produced revenue of $2.86 million, 80.9% below the prior-year period and below analyst expectations. Although its loss per share was narrower than forecast, the company remains unprofitable and highly dependent on converting partnerships and bookings into sustained revenue growth.
• Negative Sentiment: Insider selling provides a minor cautionary signal. Vice President Sophie Ames sold 3,070 shares for approximately $52,000 under a pre-arranged Rule 10b5-1 plan. The sale represented only 0.52% of her holdings, limiting its significance. SEC Insider Filing

Institutional Trading of D-Wave Quantum

Several institutional investors have recently made changes to their positions in QBTS. Massachusetts Financial Services Co. MA acquired a new stake in D-Wave Quantum during the fourth quarter valued at approximately $1,114,000. World Investment Advisors raised its holdings 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 in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of D-Wave Quantum by 319.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 98,747 shares of the company’s stock worth $1,353,000 after buying an additional 75,198 shares in the last quarter. Clear Street Group Inc. lifted its position in shares of D-Wave Quantum by 40.4% during the 4th quarter. Clear Street Group Inc. now owns 4,281,254 shares of the company’s stock worth $111,955,000 after buying an additional 1,232,106 shares during the period. Finally, Cibc World Market Inc. lifted its position in shares of D-Wave Quantum by 295.0% during the 4th quarter. Cibc World Market Inc. now owns 54,760 shares of the company’s stock worth $1,432,000 after buying an additional 40,897 shares during the period. 42.47% of the stock is currently owned by institutional investors and hedge funds.

D-Wave Quantum Trading Down 6.3%

The company has a 50 day moving average of $22.99 and a 200 day moving average of $21.07. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of -14.59 and a beta of 2.11.

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

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.