D-Wave Quantum (NYSE:QBTS) Trading Down 4.7% on Insider Selling

D-Wave Quantum Inc. (NYSE:QBTS) shares traded down 4.7% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $26.94 and last traded at $27.7450. 23,470,121 shares were traded during trading, a decline of 61% from the average session volume of 60,383,090 shares. The stock had previously closed at $29.12.

Specifically, CFO John M. Markovich sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $30.03, for a total value of $3,003,000.00. Following the completion of the transaction, the chief financial officer directly owned 1,471,312 shares in the company, valued at $44,183,499.36. This trade represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Alan E. Baratz sold 793,712 shares of the company’s 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 sale, the chief executive officer owned 2,633,163 shares in the company, valued at approximately $79,337,201.19. This represents a 23.16% decrease in their position. The disclosure for this sale is available in the SEC filing.

Analyst Ratings Changes

Several research firms recently weighed in on QBTS. Williams Trading set a $35.00 target price on shares of D-Wave Quantum in a research note on Monday, November 10th. Roth Capital set a $40.00 price target on shares of D-Wave Quantum in a research note on Thursday, November 6th. Wedbush began coverage on shares of D-Wave Quantum in a research report on Wednesday, December 17th. They issued an “outperform” rating and a $35.00 price objective for the company. B. Riley boosted their price objective on shares of D-Wave Quantum from $22.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, Rosenblatt Securities upped their target price on shares of D-Wave Quantum from $30.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 7th. Fourteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.67.

D-Wave Quantum News Summary

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

D-Wave Quantum Trading Down 4.7%

The business has a fifty day moving average price of $27.85 and a 200-day moving average price of $22.57. The company has a quick ratio of 54.49, a current ratio of 54.68 and a debt-to-equity ratio of 0.05. The company has a market cap of $9.71 billion, a P/E ratio of -20.55 and a beta of 1.57.

D-Wave Quantum (NYSE:QBTS) last issued 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. D-Wave Quantum had a negative return on equity of 97.58% and a negative net margin of 1,651.81%.The firm had revenue of $3.74 million for the quarter, compared to analyst estimates of $3.03 million. The firm’s quarterly revenue was up 105.6% on a year-over-year basis. On average, analysts forecast that D-Wave Quantum Inc. will post -0.41 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in QBTS. IFP Advisors Inc lifted its position in D-Wave Quantum by 123.8% during the second quarter. IFP Advisors Inc now owns 14,814 shares of the company’s stock worth $217,000 after purchasing an additional 8,194 shares during the period. World Investment Advisors acquired a new position in shares of D-Wave Quantum in the 2nd quarter valued at approximately $190,000. Farther Finance Advisors LLC raised its position in shares of D-Wave Quantum by 491.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 16,321 shares of the company’s stock valued at $239,000 after buying an additional 13,561 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of D-Wave Quantum during the 2nd quarter worth approximately $14,349,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of D-Wave Quantum during the 2nd quarter worth approximately $217,000. Institutional investors and hedge funds own 42.47% 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.