Alan Baratz Sells 793,712 Shares of D-Wave Quantum (NYSE:QBTS) Stock

D-Wave Quantum Inc. (NYSE:QBTS) CEO Alan Baratz sold 793,712 shares of D-Wave Quantum stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $30.13, for a total value of $23,914,542.56. Following the completion of the sale, the chief executive officer directly owned 2,633,163 shares in the company, valued at $79,337,201.19. This represents a 23.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

D-Wave Quantum Price Performance

D-Wave Quantum stock opened at $27.75 on Thursday. The company has a fifty day simple moving average of $27.85 and a 200-day simple moving average of $22.57. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of -20.55 and a beta of 1.57. The company has a quick ratio of 54.49, a current ratio of 54.68 and a debt-to-equity ratio of 0.05. D-Wave Quantum Inc. has a 52-week low of $3.74 and a 52-week high of $46.75.

D-Wave Quantum (NYSE:QBTS) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $3.74 million during the quarter, compared to the consensus estimate of $3.03 million. D-Wave Quantum had a negative net margin of 1,651.81% and a negative return on equity of 97.58%. The company’s revenue was up 105.6% on a year-over-year basis. On average, equities analysts anticipate that D-Wave Quantum Inc. will post -0.41 EPS for the current fiscal year.

Institutional Trading of D-Wave Quantum

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in shares of D-Wave Quantum by 34.6% during the third quarter. GAMMA Investing LLC now owns 1,874 shares of the company’s stock worth $46,000 after acquiring an additional 482 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in D-Wave Quantum by 5.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 9,901 shares of the company’s stock worth $245,000 after purchasing an additional 500 shares during the period. Huntington National Bank grew its position in D-Wave Quantum by 17.9% during the 3rd quarter. Huntington National Bank now owns 3,300 shares of the company’s stock worth $82,000 after purchasing an additional 500 shares during the last quarter. bLong Financial LLC increased its stake in D-Wave Quantum by 2.3% in the second quarter. bLong Financial LLC now owns 24,643 shares of the company’s stock valued at $361,000 after purchasing an additional 551 shares during the period. Finally, Comerica Bank increased its stake in D-Wave Quantum by 1.8% in the third quarter. Comerica Bank now owns 36,443 shares of the company’s stock valued at $901,000 after purchasing an additional 643 shares during the period. Hedge funds and other institutional investors own 42.47% of the company’s stock.

Key Stores Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave announced a high‑visibility presence at CES 2026 and plans to showcase commercial quantum demos, which bolstered investor perception of near‑term commercialization and drove buying interest. D-Wave CES showcase
• Positive Sentiment: D-Wave set its Qubits 2026 investor/tech conference for Jan. 27–28, providing an upcoming forum for management to present tech progress, commercial use cases and customer traction — a potential catalyst if new milestones or partnerships are announced. Read More.
• Positive Sentiment: Several brokers recently initiated or raised coverage with buy/outperform ratings and higher targets, supporting directional upside expectations and reinforcing retail momentum. MarketBeat analyst notes
• Neutral Sentiment: Short‑term sector momentum tied to broader AI/semiconductor moves has spilled into quantum names; this helps sentiment but is not a direct operational catalyst for D‑Wave. Quantum stocks overview
• Negative Sentiment: CEO Alan Baratz sold 793,712 shares on Dec. 22 (a ~23% reduction of his holdings), a large insider sale that can be perceived negatively and add selling pressure. CEO Form 4 SEC Filing
• Negative Sentiment: CFO John Markovich sold 100,000 shares on Dec. 22, another sizable insider disposal that can reinforce investor concern over timing and prompt short‑term profit‑taking. CFO Form 4 SEC Filing
• Negative Sentiment: Coverage pieces flag a stretched valuation after a strong rally and ask what future growth is already priced in — a narrative that can trigger profit‑taking and temper new buying. Valuation caution article

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on QBTS. Zacks Research raised shares of D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Canaccord Genuity Group boosted their target price on shares of D-Wave Quantum from $20.00 to $41.00 and gave the company a “buy” rating in a report on Friday, November 7th. Wedbush initiated coverage on shares of D-Wave Quantum in a research note on Wednesday, December 17th. They issued an “outperform” rating and a $35.00 price target for the company. Rosenblatt Securities upped their price objective on D-Wave Quantum from $30.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, B. Riley raised their target price on D-Wave Quantum from $22.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Fourteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, D-Wave Quantum currently has a consensus rating of “Moderate Buy” and an average target price of $33.67.

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.