D-Wave Quantum (NYSE:QBTS) Trading Down 5.6% on Insider Selling

D-Wave Quantum Inc. (NYSE:QBTS)’s stock price dropped 5.6% during trading on Wednesday following insider selling activity. The stock traded as low as $16.46 and last traded at $16.4830. Approximately 20,872,094 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 30,502,342 shares. The stock had previously closed at $17.47.

Specifically, CFO John M. Markovich sold 10,706 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $17.63, for a total value of $188,746.78. Following the sale, the chief financial officer directly owned 1,451,427 shares of the company’s stock, valued at $25,588,658.01. The trade was a 0.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rohit Ghai sold 10,000 shares of D-Wave Quantum stock in a transaction on Monday, March 16th. The shares were sold at an average price of $17.62, for a total value of $176,200.00. Following the transaction, the director owned 27,778 shares of the company’s stock, valued at $489,448.36. The trade was a 26.47% decrease in their position. The SEC filing for this sale provides additional information.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group set a $43.00 price target on D-Wave Quantum in a report on Thursday, January 29th. Benchmark reissued a “buy” rating and set a $35.00 price objective on shares of D-Wave Quantum in a research report on Friday, January 23rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $43.00 target price on shares of D-Wave Quantum in a report on Wednesday, January 28th. Mizuho dropped their target price on shares of D-Wave Quantum from $46.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Finally, Jefferies Financial Group assumed coverage on shares of D-Wave Quantum in a report on Tuesday, December 16th. They set a “buy” rating and a $45.00 price target on the stock. Fourteen analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, D-Wave Quantum has an average rating of “Moderate Buy” and an average price target of $36.50.

More D-Wave Quantum News

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

• Positive Sentiment: Analyst support: the stock maintains a consensus “Moderate Buy” from sell‑side analysts and several recent buy/outperform ratings and price targets that could help underpin demand. D-Wave Receives Consensus Rating of “Moderate Buy”
• Positive Sentiment: Ongoing narrative/product coverage highlighting customer traction and long‑term potential can attract growth investors and support valuation over time. D‑Wave Keeps Delivering Good News—So Why Is It Falling?
• Neutral Sentiment: Contextual takes on insider trades — some outlets dig into whether recent filings reflect routine liquidity rather than a loss of confidence; read-through is mixed for investors. Are D‑Wave Insiders Selling Out? Here’s What Filings Really Show
• Neutral Sentiment: Relative/peer analysis pieces comparing D‑Wave to software/enterprise vendors provide context but are unlikely to move the stock materially unless they reveal customer wins or losses. Guidewire vs. D‑Wave Head‑to‑Head
• Negative Sentiment: Insider selling: Director Rohit Ghai sold 10,000 shares at ~$17.62 on Mar 16; filings show a significant reduction in his stake, which can spook investors when multiple insiders trade. Ghai Form 4
• Negative Sentiment: CFO sale: Chief Financial Officer John Markovich sold 10,706 shares at ~$17.63 on Mar 13 — another insider sale that may weigh on near‑term sentiment. Markovich Form 4
• Negative Sentiment: Earnings/revenue beat risk: D‑Wave’s Feb. 26 quarter missed EPS and revenue estimates (EPS −$0.09 vs. cons. −$0.05; revenue $2.75M vs. est. $3.74M), reminding investors the business is early and results-driven. (See company earnings summary on news feeds.)
• Negative Sentiment: Competitive & macro pressure: coverage flags IBM’s expanded hybrid quantum roadmap as a potential larger‑player threat, and macro volatility (inflation/oil) could increase pressure on growth/tech multiples. IBM Threat to D‑Wave Macro Headwinds

D-Wave Quantum Stock Down 5.6%

The company’s 50 day simple moving average is $21.65 and its 200-day simple moving average is $25.14. The company has a current ratio of 42.38, a quick ratio of 42.25 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6.10 billion, a P/E ratio of -14.98 and a beta of 1.61.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). The company had revenue of $2.75 million during the quarter, compared to the consensus estimate of $3.74 million. D-Wave Quantum had a negative return on equity of 58.58% and a negative net margin of 1,444.10%.The company’s revenue was up 21.7% compared to the same quarter last year. Research analysts forecast that D-Wave Quantum Inc. will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On D-Wave Quantum

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of D-Wave Quantum by 41.2% in the 3rd quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock worth $950,220,000 after buying an additional 11,218,255 shares during the last quarter. UBS Group AG increased its position in D-Wave Quantum by 541.6% during the third quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock valued at $298,737,000 after acquiring an additional 10,205,427 shares during the last quarter. Marex Group plc bought a new position in D-Wave Quantum in the second quarter valued at about $80,070,000. Northwestern Mutual Wealth Management Co. lifted its holdings in D-Wave Quantum by 136,842.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,194,866 shares of the company’s stock valued at $83,546,000 after acquiring an additional 3,192,533 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in D-Wave Quantum in the second quarter worth about $45,372,000. Institutional investors 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.