Insider Selling: D-Wave Quantum (NYSE:QBTS) Director Sells $191,775.50 in Stock

D-Wave Quantum Inc. (NYSE:QBTS) Director John Dilullo sold 7,850 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $24.43, for a total value of $191,775.50. Following the completion of the sale, the director directly owned 21,310 shares of the company’s stock, valued at $520,603.30. This represents a 26.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

D-Wave Quantum Stock Down 0.7%

QBTS opened at $23.36 on Thursday. D-Wave Quantum Inc. has a 1-year low of $12.75 and a 1-year high of $46.75. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of -20.67 and a beta of 2.05. The business has a 50 day moving average of $21.32 and a 200-day moving average of $22.24.

D-Wave Quantum (NYSE:QBTS) last issued its earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $2.86 million during the quarter, compared to analyst estimates of $4.19 million. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.D-Wave Quantum’s revenue was down 80.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.02) earnings per share. As a group, sell-side analysts anticipate that D-Wave Quantum Inc. will post -0.43 earnings per share for the current year.

D-Wave Quantum News Summary

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

• Positive Sentiment: B. Riley remains bullish on D-Wave Quantum, raising its price target to $40 from $36 and keeping a Buy rating, which signals continued analyst confidence in the company’s quantum-computing story. B. Riley is Bullish on D-Wave Quantum Inc. (QBTS)
• Positive Sentiment: Several recent analyst reports still imply meaningful upside for QBTS, with some coverage citing strong potential as quantum computing attracts fresh capital and investor attention. 2 Quantum Stocks With 45%+ Upside in June as OpenAI, SpaceX Eye IPO
• Positive Sentiment: Earlier reporting highlighted that D-Wave has rewarded patient investors with large gains, reflecting continued optimism around commercialization progress and the company’s quantum roadmap. D-Wave Rewarded Patient Investors With 135% Gains but Recent Buyers Face a Brutal Reality
• Neutral Sentiment: D-Wave’s CFO John Markovich disclosed two stock sales, including a much larger sale of 50,979 shares and a smaller follow-up sale of 70 shares; while the smaller sale was minimal, insider selling can add to investor caution. John M. Markovich insider trade disclosure
• Negative Sentiment: CEO Alan Baratz sold 687,627 shares, a sizable reduction in his position that may be viewed by the market as a confidence signal against the stock. Alan E. Baratz insider trade disclosure
• Negative Sentiment: Several commentary pieces warn that D-Wave’s valuation looks stretched after the rally, with recent buyers facing more downside risk if growth milestones disappoint. D-Wave Quantum Plummeted Today — Is the Stock a Buy Right Now?
• Negative Sentiment: Another report argues that large tech players like Intel and IBM strengthen competition in quantum computing, which could make it harder for pure-play firms like QBTS to justify premium valuations. The Case for Intel Over Pure-Play Quantum Firms (QBTS)

Wall Street Analyst Weigh In

QBTS has been the subject of a number of recent research reports. Canaccord Genuity Group cut their target price on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Roth Mkm upped their target price on D-Wave Quantum from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. TD Cowen initiated coverage on D-Wave Quantum in a research note on Thursday, February 12th. They issued a “buy” rating for the company. Northland Securities began coverage on D-Wave Quantum in a research note on Monday, April 20th. They issued a “market perform” rating and a $22.00 target price for the company. Finally, Zacks Research upgraded D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, D-Wave Quantum has a consensus rating of “Moderate Buy” and a consensus price target of $36.40.

Institutional Trading of D-Wave Quantum

Large investors have recently made changes to their positions in the business. Root Financial Partners LLC grew its holdings in shares of D-Wave Quantum by 388.0% during the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock worth $26,000 after purchasing an additional 776 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of D-Wave Quantum by 545.5% during the first quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock worth $26,000 after purchasing an additional 1,511 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of D-Wave Quantum during the fourth quarter worth $28,000. PeakShares LLC bought a new stake in shares of D-Wave Quantum during the first quarter worth $29,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of D-Wave Quantum by 267.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after purchasing an additional 838 shares during the last quarter. 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.