Sophie Ames Sells 3,070 Shares of D-Wave Quantum (NYSE:QBTS) Stock

D-Wave Quantum Inc. (NYSE:QBTS) VP Sophie Ames sold 3,070 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $16.95, for a total transaction of $52,036.50. Following the transaction, the vice president owned 589,009 shares of the company’s stock, valued at approximately $9,983,702.55. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a 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.

D-Wave Quantum Price Performance

Shares of QBTS opened at $16.18 on Thursday. The company has a 50 day moving average of $22.93 and a two-hundred day moving average of $20.97. The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03. D-Wave Quantum Inc. has a twelve month low of $12.75 and a twelve month high of $46.75. The company has a market cap of $5.99 billion, a price-to-earnings ratio of -14.32 and a beta of 2.11.

D-Wave Quantum (NYSE:QBTS) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (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 business had revenue of $2.86 million for the quarter, compared to the consensus estimate of $4.19 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. The business’s quarterly revenue was down 80.9% on a year-over-year basis. As a group, analysts predict that D-Wave Quantum Inc. will post -0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on QBTS shares. Canaccord Genuity Group lowered their price target on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of D-Wave Quantum in a report on Tuesday, June 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $43.00 price objective on shares of D-Wave Quantum in a research report on Tuesday. Jefferies Financial Group reiterated a “buy” rating on shares of D-Wave Quantum in a research note on Tuesday, May 12th. Finally, B. Riley Financial boosted their target price on shares of D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.47.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. UBS Group AG lifted its holdings in shares of D-Wave Quantum by 541.6% during the third quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after purchasing an additional 10,205,427 shares during the period. Geode Capital Management LLC raised its position in D-Wave Quantum by 11.5% during the 4th quarter. Geode Capital Management LLC now owns 8,394,726 shares of the company’s stock worth $220,085,000 after buying an additional 866,405 shares during the last quarter. State Street Corp lifted its stake in D-Wave Quantum by 5.3% during the 4th quarter. State Street Corp now owns 7,707,085 shares of the company’s stock valued at $201,540,000 after acquiring an additional 385,809 shares during the period. Marex Group plc boosted its holdings in shares of D-Wave Quantum by 74.9% in the 4th quarter. Marex Group plc now owns 4,592,656 shares of the company’s stock valued at $120,098,000 after acquiring an additional 1,966,500 shares during the last quarter. Finally, Clear Street Group Inc. boosted its holdings in shares of D-Wave Quantum by 40.4% in the 4th 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. 42.47% of the stock is owned by institutional investors and hedge funds.

Key D-Wave Quantum News

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

• Positive Sentiment: AT&T partnership provides commercial validation. AT&T is expanding its use of D-Wave’s quantum-annealing technology for network operations. A reported benchmark reduced a network optimization task from approximately 60 minutes to 15 seconds, or a 240-fold acceleration, supporting the view that D-Wave’s technology is moving beyond research into practical enterprise applications. D-Wave Expands AT&T Partnership
• Positive Sentiment: Analysts and recent business momentum remain supportive. Benchmark initiated coverage with a Buy rating and a $30 price target, while Rosenblatt reaffirmed its Buy rating with a $43 target. Analysts also point to record bookings, an expanding backlog and stronger commercial traction as advantages over Rigetti ahead of earnings. RGTI vs. QBTS
• Neutral Sentiment: Second-quarter earnings are the next major catalyst. Results could either support the recent commercial narrative or intensify concerns if bookings and revenue do not demonstrate meaningful improvement. The company’s latest reported quarter included an adjusted loss that was better than expected, but revenue significantly missed estimates and fell sharply year over year.
• Negative Sentiment: Quantum stocks are undergoing a broad valuation reset. D-Wave, IonQ and Rigetti have all suffered substantial recent declines as investors reduced exposure to high-multiple, pre-profit technology companies. Concerns about AI-infrastructure spending and profit-taking after the sector’s earlier rally are weighing on QBTS independently of its AT&T opportunity. Quantum Computing Stock Selloff
• Negative Sentiment: Profitability and insider selling remain risks. D-Wave remains unprofitable, making the stock dependent on future contract growth and commercialization. Separately, Vice President Sophie Ames sold 3,070 shares for about $52,000 under a pre-arranged Rule 10b5-1 plan. The sale reduced her holdings by only 0.52%, so its impact is limited but mildly negative. SEC Insider Filing

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.