Lisanti Capital Growth LLC Takes $1.63 Million Position in D-Wave Quantum Inc. $QBTS

Lisanti Capital Growth LLC purchased a new position in D-Wave Quantum Inc. (NYSE:QBTS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,485 shares of the company’s stock, valued at approximately $1,634,000.

Other institutional investors have also added to or reduced their stakes in the company. Mutual Advisors LLC bought a new stake in D-Wave Quantum during the third quarter worth about $1,069,000. Federated Hermes Inc. lifted its holdings in shares of D-Wave Quantum by 259,560.6% during the third quarter. Federated Hermes Inc. now owns 184,359 shares of the company’s stock valued at $4,556,000 after purchasing an additional 184,288 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of D-Wave Quantum by 370.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 96,248 shares of the company’s stock worth $2,378,000 after purchasing an additional 75,807 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of D-Wave Quantum by 254.7% in the 4th quarter. SG Americas Securities LLC now owns 2,272,020 shares of the company’s stock worth $59,413,000 after buying an additional 1,631,415 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of D-Wave Quantum by 61.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 104,661 shares of the company’s stock worth $2,801,000 after buying an additional 39,751 shares during the last quarter. Institutional investors own 42.47% of the company’s stock.

D-Wave Quantum Stock Performance

Shares of D-Wave Quantum stock opened at $29.13 on Friday. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of -25.78 and a beta of 1.95. The firm’s 50-day moving average is $18.40 and its 200 day moving average is $22.21. D-Wave Quantum Inc. has a 1 year low of $12.75 and a 1 year high of $46.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $2.86 million for the quarter, compared to analysts’ expectations of $4.19 million. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. D-Wave Quantum’s revenue was down 80.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) EPS. Sell-side analysts anticipate that D-Wave Quantum Inc. will post -0.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on QBTS. TD Cowen initiated coverage on D-Wave Quantum in a research note on Thursday, February 12th. They set a “buy” rating for the company. Rosenblatt Securities restated a “buy” rating and set a $43.00 price target on shares of D-Wave Quantum in a report on Wednesday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of D-Wave Quantum in a research report on Tuesday, May 12th. Roth Mkm dropped their price target on shares of D-Wave Quantum from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $40.00 price target on shares of D-Wave Quantum in a research note on Wednesday, May 13th. Fourteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.67.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: The biggest driver for QBTS is the reported U.S. government support for quantum computing, including a proposed $100 million CHIPS Act funding package for D-Wave, which investors view as a major validation of the company’s technology and growth prospects. Article Title
• Positive Sentiment: Broader headlines that the Trump administration is committing $2 billion to quantum firms have lifted the entire group, including D-Wave, as traders bet federal money could accelerate commercialization and industry adoption. Article Title
• Positive Sentiment: Quantum stocks continued to rally across the sector, with D-Wave included in a broader move that added billions in market value, reinforcing momentum-driven buying in QBTS. Article Title
• Neutral Sentiment: Trading activity has also been elevated, with unusually heavy call-option buying suggesting speculation remains strong, but this is more a sign of interest than a clear fundamental catalyst.
• Negative Sentiment: A vice president sold shares under a pre-arranged 10b5-1 plan, which may slightly weigh on sentiment even though the transaction does not necessarily signal concern about the business. Article Title

Insider Activity

In other D-Wave Quantum news, Director John D. Dilullo sold 8,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $18.01, for a total transaction of $144,080.00. Following the transaction, the director owned 19,803 shares in the company, valued at approximately $356,652.03. This represents a 28.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rohit Ghai sold 10,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $17.62, for a total transaction of $176,200.00. Following the transaction, the director owned 27,778 shares in the company, valued at $489,448.36. This represents a 26.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 54,801 shares of company stock worth $1,011,586. 3.20% of the stock is currently owned by company insiders.

About D-Wave Quantum

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.