Signaturefd LLC Grows Position in D-Wave Quantum Inc. $QBTS

Signaturefd LLC increased its holdings in shares of D-Wave Quantum Inc. (NYSE:QBTS) by 24.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,168 shares of the company’s stock after purchasing an additional 1,397 shares during the quarter. Signaturefd LLC’s holdings in D-Wave Quantum were worth $105,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of QBTS. Reyes Financial Architecture Inc. acquired a new stake in shares of D-Wave Quantum during the second quarter valued at about $29,000. Parallel Advisors LLC boosted its position in shares of D-Wave Quantum by 227.3% during the 2nd quarter. Parallel Advisors LLC now owns 2,206 shares of the company’s stock worth $32,000 after purchasing an additional 1,532 shares during the period. Russell Investments Group Ltd. increased its holdings in D-Wave Quantum by 133.9% in the 1st quarter. Russell Investments Group Ltd. now owns 5,528 shares of the company’s stock valued at $42,000 after purchasing an additional 3,165 shares during the last quarter. Amalgamated Bank raised its position in D-Wave Quantum by 107.8% in the first quarter. Amalgamated Bank now owns 6,296 shares of the company’s stock valued at $48,000 after purchasing an additional 3,266 shares during the period. Finally, IFP Advisors Inc lifted its stake in D-Wave Quantum by 231.0% during the first quarter. IFP Advisors Inc now owns 6,620 shares of the company’s stock worth $50,000 after purchasing an additional 4,620 shares in the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on QBTS shares. Rosenblatt Securities assumed coverage on D-Wave Quantum in a research note on Tuesday, July 29th. They issued a “buy” rating and a $30.00 price objective for the company. Stifel Nicolaus began coverage on D-Wave Quantum in a research report on Tuesday, August 5th. They issued a “buy” rating and a $26.00 target price for the company. B. Riley increased their price target on shares of D-Wave Quantum from $22.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Williams Trading set a $20.00 price objective on shares of D-Wave Quantum in a report on Wednesday, June 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of D-Wave Quantum in a research note on Monday, August 4th. Eleven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.27.

Insider Transactions at D-Wave Quantum

In other D-Wave Quantum news, Director John D. Dilullo sold 8,000 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $17.93, for a total transaction of $143,440.00. Following the transaction, the director directly owned 36,295 shares of the company’s stock, valued at approximately $650,769.35. This trade represents a 18.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Rohit Ghai sold 10,000 shares of D-Wave Quantum stock in a transaction on Monday, September 15th. The shares were sold at an average price of $17.93, for a total transaction of $179,300.00. Following the completion of the transaction, the director owned 47,778 shares in the company, valued at approximately $856,659.54. This represents a 17.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 168,000 shares of company stock worth $2,937,740. Insiders own 3.20% of the company’s stock.

D-Wave Quantum Price Performance

Shares of QBTS opened at $32.72 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 42.99 and a quick ratio of 42.86. D-Wave Quantum Inc. has a 1-year low of $0.87 and a 1-year high of $33.28. The stock has a market cap of $11.19 billion, a PE ratio of -31.16 and a beta of 1.49. The firm has a fifty day moving average price of $19.18 and a 200 day moving average price of $14.82.

D-Wave Quantum (NYSE:QBTS) last posted its earnings results on Thursday, August 7th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The firm had revenue of $3.10 million for the quarter, compared to analyst estimates of $2.55 million. D-Wave Quantum had a negative return on equity of 118.87% and a negative net margin of 1,263.92%.The company’s quarterly revenue was up 40.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that D-Wave Quantum Inc. will post -0.41 EPS for the current year.

D-Wave Quantum Profile

D-Wave Quantum Inc develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.