D-Wave Quantum (NYSE:QBTS) Shares Down 9.1% – Here’s Why

D-Wave Quantum Inc. (NYSE:QBTS)’s stock price was down 9.1% on Thursday . The company traded as low as $18.98 and last traded at $19.3050. Approximately 29,257,361 shares traded hands during trading, a decline of 4% from the average daily volume of 30,344,416 shares. The stock had previously closed at $21.24.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: Advantage2 commercialization — Coverage highlights D?Wave scaling optimization use cases, rising revenues and bookings tied to its Advantage2 platform, which supports longer?term revenue growth expectations. How QBTS Is Capturing Optimization Quantum Computing Opportunity
• Positive Sentiment: Quantum/AI sector momentum — Nvidia’s quantum?AI initiatives sparked a broad rally earlier in April that lifted investor interest in D?Wave as a potential beneficiary of quantum?AI integration and helped drive recent upside. NVIDIA Sparks April Rally in 2 Quantum Stocks
• Neutral Sentiment: Upcoming quarterly results are a near?term catalyst — D?Wave will report Q1 FY2026 results before the market opens on May 12, giving investors a discrete event to reassess growth and guidance. D?Wave to Report Q1 FY2026 Results on May 12
• Neutral Sentiment: Mixed analyst/coverage tone — New coverage from Northland came in at market?perform with a modest $22 target, while consensus remains a “Moderate Buy” with higher avg. targets — creating mixed near?term signals. Northland Securities Coverage Initiated
• Negative Sentiment: Profit?taking and resale overhang — Analysts and market trackers point to post?rally profit?taking plus a registered resale block tied to the Quantum Circuits acquisition as adding selling pressure and volatility. Quiver Quantitative price?movement analysis
• Negative Sentiment: Insider selling noted — A VP sold ~3,070 shares under a pre?arranged 10b5?1 plan; small alone but adds to recent insider transactions that can weigh on sentiment. Insider trade disclosure
• Negative Sentiment: Recent earnings miss & revenue shortfall — Last reported quarter missed EPS and revenue estimates, a reminder investors will scrutinize the May report for signs of durable top?line acceleration. Kalkine review of post?earnings reaction

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on QBTS. Zacks Research cut shares of D-Wave Quantum from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Northland Securities initiated coverage on shares of D-Wave Quantum in a research note on Monday. They issued a “market perform” rating and a $22.00 target price on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $43.00 target price on shares of D-Wave Quantum in a report on Wednesday, January 28th. TD Cowen assumed coverage on shares of D-Wave Quantum in a report on Thursday, February 12th. They issued a “buy” rating on the stock. Finally, Mizuho reduced their target price on D-Wave Quantum from $46.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Fourteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, D-Wave Quantum currently has a consensus rating of “Moderate Buy” and an average price target of $35.53.

D-Wave Quantum Trading Down 9.1%

The company has a quick ratio of 42.25, a current ratio of 42.38 and a debt-to-equity ratio of 0.04. The firm’s 50 day simple moving average is $17.47 and its two-hundred day simple moving average is $24.21. The stock has a market cap of $7.14 billion, a P/E ratio of -17.55 and a beta of 1.78.

D-Wave Quantum (NYSE:QBTS) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). D-Wave Quantum had a negative return on equity of 58.58% and a negative net margin of 1,444.10%.The business had revenue of $2.75 million during the quarter, compared to the consensus estimate of $3.74 million. The business’s quarterly revenue was up 21.7% on a year-over-year basis. As a group, equities research analysts predict that D-Wave Quantum Inc. will post -0.35 earnings per share for the current fiscal year.

Insider Buying and Selling at D-Wave Quantum

In other news, CFO John M. Markovich sold 10,706 shares of the company’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 transaction of $188,746.78. Following the completion of the transaction, the chief financial officer directly owned 1,451,427 shares of the company’s stock, valued at approximately $25,588,658.01. This represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sophie C. Ames sold 3,070 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $21.35, for a total value of $65,544.50. Following the sale, the vice president owned 643,678 shares in the company, valued at $13,742,525.30. The trade was a 0.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 31,776 shares of company stock worth $574,571 in the last ninety days. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in D-Wave Quantum by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,874 shares of the company’s stock worth $46,000 after buying an additional 482 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in D-Wave Quantum by 5.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 9,901 shares of the company’s stock valued at $245,000 after buying an additional 500 shares during the last quarter. Huntington National Bank boosted its holdings in shares of D-Wave Quantum by 17.9% during the third quarter. Huntington National Bank now owns 3,300 shares of the company’s stock valued at $82,000 after acquiring an additional 500 shares during the period. Sigma Planning Corp boosted its holdings in shares of D-Wave Quantum by 3.6% during the fourth quarter. Sigma Planning Corp now owns 16,329 shares of the company’s stock valued at $431,000 after acquiring an additional 560 shares during the period. Finally, AlphaStar Capital Management LLC grew its position in shares of D-Wave Quantum by 2.2% during the fourth quarter. AlphaStar Capital Management LLC now owns 27,063 shares of the company’s stock worth $708,000 after acquiring an additional 592 shares during the last quarter. 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.