D-Wave Quantum Inc. $QBTS Shares Sold by Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD decreased its holdings in shares of D-Wave Quantum Inc. (NASDAQ:QBTS) by 50.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,672 shares of the company’s stock after selling 135,133 shares during the quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in D-Wave Quantum were worth $3,159,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of QBTS. Baird Financial Group Inc. raised its stake in D-Wave Quantum by 12.0% during the first quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock worth $92,000 after purchasing an additional 1,300 shares during the period. Royal Bank of Canada increased its holdings in shares of D-Wave Quantum by 59.8% during the 1st quarter. Royal Bank of Canada now owns 162,088 shares of the company’s stock worth $1,231,000 after buying an additional 60,668 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of D-Wave Quantum by 201.0% during the 1st quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock worth $1,526,000 after buying an additional 134,066 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of D-Wave Quantum by 93.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock valued at $825,000 after buying an additional 52,437 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of D-Wave Quantum by 125.7% during the 1st quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock valued at $333,000 after buying an additional 24,382 shares during the period. 42.47% of the stock is currently owned by institutional investors and hedge funds.

D-Wave Quantum Price Performance

D-Wave Quantum stock opened at $17.67 on Wednesday. The firm has a market cap of $6.54 billion, a PE ratio of -24.89 and a beta of 2.15. D-Wave Quantum Inc. has a 52-week low of $12.75 and a 52-week high of $46.75. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $19.04 and its two-hundred day moving average is $20.03.

D-Wave Quantum (NASDAQ:QBTS) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.02). D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%.The company had revenue of $3.08 million for the quarter, compared to analysts’ expectations of $4.03 million. During the same quarter last year, the company earned ($0.08) EPS. D-Wave Quantum’s revenue for the quarter was down 0.6 compared to the same quarter last year. On average, research analysts expect that D-Wave Quantum Inc. will post -0.46 EPS for the current fiscal year.

D-Wave Quantum News Summary

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

• Positive Sentiment: D-Wave finalized the U.S. funding agreement, which could improve its liquidity, support development of next-generation quantum systems and strengthen its competitive position in the domestic quantum-computing industry. D-Wave Quantum Finalizes Definitive Agreement with U.S. Department of Commerce
• Positive Sentiment: The deal is part of a combined $300 million government investment in D-Wave, Rigetti Computing and Quantinuum, increasing investor confidence that policymakers view quantum computing as strategically important. U.S. Gets Minority Stakes in D-Wave, Rigetti, Quantinuum
• Neutral Sentiment: Analysts collectively rate D-Wave at “Moderate Buy,” although that consensus does not eliminate concerns about execution and valuation. D-Wave Receives Average Rating of Moderate Buy
• Negative Sentiment: Pomerantz LLP is investigating potential claims on behalf of D-Wave investors, adding legal-risk and sentiment concerns. The announcement does not establish wrongdoing by the company. Pomerantz Investor Alert
• Negative Sentiment: Despite strong bookings and government support, analysts continue to flag D-Wave’s losses, limited revenue conversion and lofty valuation. Those risks are significant because the company remains loss-making and its shares have already experienced substantial long-term appreciation. Rising Risks Overshadow D-Wave Quantum Booking

Insider Activity at D-Wave Quantum

In other news, VP Sophie Ames sold 3,070 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $16.95, for a total transaction of $52,036.50. Following the completion of the sale, the vice president owned 589,009 shares in the company, valued at approximately $9,983,702.55. The trade was a 0.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rohit Ghai sold 13,518 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $26.41, for a total transaction of $357,010.38. Following the completion of the sale, the director directly owned 23,617 shares of the company’s stock, valued at approximately $623,724.97. This trade represents a 36.40% 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 sold 262,631 shares of company stock valued at $6,656,539 over the last three months. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on QBTS. Stifel Nicolaus set a $35.00 price target on D-Wave Quantum in a research note on Tuesday, June 2nd. Wedbush initiated coverage on D-Wave Quantum in a research report on Monday, August 3rd. They set an “outperform” rating and a $40.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Benchmark began coverage on shares of D-Wave Quantum in a research report on Monday, July 27th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Zacks Research cut shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Thirteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.27.

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.