D-Wave Quantum Inc. $QBTS Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its holdings in shares of D-Wave Quantum Inc. (NYSE:QBTS) by 894.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 569,743 shares of the company’s stock after buying an additional 512,460 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.17% of D-Wave Quantum worth $14,078,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of D-Wave Quantum by 34.6% in the third quarter. GAMMA Investing LLC now owns 1,874 shares of the company’s stock worth $46,000 after acquiring an additional 482 shares during the period. Blue Bell Private Wealth Management LLC lifted its position in D-Wave Quantum by 5.3% during the third quarter. Blue Bell Private Wealth Management LLC now owns 9,901 shares of the company’s stock valued at $245,000 after purchasing an additional 500 shares during the period. bLong Financial LLC boosted its holdings in D-Wave Quantum by 2.3% in the second quarter. bLong Financial LLC now owns 24,643 shares of the company’s stock valued at $361,000 after purchasing an additional 551 shares during the last quarter. Center for Financial Planning Inc. grew its position in D-Wave Quantum by 23.6% during the 2nd quarter. Center for Financial Planning Inc. now owns 3,645 shares of the company’s stock worth $53,000 after purchasing an additional 695 shares during the period. Finally, CWM LLC raised its stake in shares of D-Wave Quantum by 18.3% during the 3rd quarter. CWM LLC now owns 6,574 shares of the company’s stock valued at $162,000 after buying an additional 1,018 shares during the last quarter. 42.47% of the stock is currently owned by institutional investors and hedge funds.

D-Wave Quantum Stock Down 6.6%

D-Wave Quantum stock opened at $25.61 on Friday. The stock has a market capitalization of $8.97 billion, a PE ratio of -18.97 and a beta of 1.57. D-Wave Quantum Inc. has a 12 month low of $4.45 and a 12 month high of $46.75. The business has a 50 day simple moving average of $26.29 and a 200-day simple moving average of $24.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 54.68 and a quick ratio of 54.49.

D-Wave Quantum (NYSE:QBTS) last announced its earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $3.74 million for the quarter, compared to analyst estimates of $3.03 million. D-Wave Quantum had a negative return on equity of 97.58% and a negative net margin of 1,651.81%.The company’s revenue for the quarter was up 105.6% compared to the same quarter last year. On average, analysts anticipate that D-Wave Quantum Inc. will post -0.41 EPS for the current fiscal year.

Insider Buying and Selling at D-Wave Quantum

In other news, CFO John M. Markovich sold 200,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $22.94, for a total transaction of $4,588,000.00. Following the completion of the sale, the chief financial officer owned 1,482,874 shares of the company’s stock, valued at $34,017,129.56. The trade was a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Alan E. Baratz sold 806,288 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $28.87, for a total transaction of $23,277,534.56. Following the transaction, the chief executive officer owned 2,801,265 shares of the company’s stock, valued at approximately $80,872,520.55. This trade represents a 22.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,346,916 shares of company stock valued at $65,591,314 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on QBTS. Roth Mkm set a $40.00 price objective on D-Wave Quantum in a report on Thursday, November 6th. Needham & Company LLC reissued a “buy” rating and issued a $48.00 price target on shares of D-Wave Quantum in a report on Thursday. Jefferies Financial Group assumed coverage on D-Wave Quantum in a research report on Tuesday, December 16th. They issued a “buy” rating and a $45.00 price objective on the stock. Canaccord Genuity Group lifted their target price on shares of D-Wave Quantum from $20.00 to $41.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, Benchmark reiterated a “buy” rating and issued a $35.00 target price on shares of D-Wave Quantum in a research note on Friday. Thirteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.86.

D-Wave Quantum News Summary

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

• Positive Sentiment: D-Wave completed its acquisition of Quantum Circuits, expanding its product and engineering footprint and accelerating commercialization of gate-model capabilities alongside its annealing systems. Article Title
• Positive Sentiment: Company momentum: 2025 marked a clear revenue inflection — triple-digit year-over-year revenue growth and Advantage2 system sales are shifting D?Wave from research toward commercial revenue streams, supporting a longer-term growth story. Article Title
• Positive Sentiment: Analyst support: Needham (maintained buy, $48 PT) and Benchmark (buy, $35 PT) reaffirmed bullish views — signals of institutional confidence that provide upside targets well above current levels. Needham Coverage Benchmark Coverage
• Neutral Sentiment: Investors can review management commentary and detail in recent earnings call transcripts (Q2 and Q3 2025) for updates on pipeline, product cadence and commercial bookings; these are information-heavy but not immediate price-moving headlines on their own. Q2 2025 Transcript Q3 2025 Transcript
• Neutral Sentiment: Analyst and sector comparisons (e.g., Zacks piece comparing Rigetti and D?Wave) frame D?Wave as a near-term commercial play vs. gate?focused peers — useful context for longer-term positioning but mixed for short-term trading. Article Title
• Negative Sentiment: New US$330M shelf filing has raised near-term dilution and funding questions; investors appear to be pricing potential share issuance against the positive acquisition and revenue news, contributing to selling pressure. Article Title

D-Wave Quantum 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.