D-Wave Quantum (NYSE:QBTS) Shares Up 7.4% – Should You Buy?

D-Wave Quantum Inc. (NYSE:QBTS) shot up 7.4% during mid-day trading on Thursday . The stock traded as high as $30.22 and last traded at $29.5240. 54,162,652 shares were traded during mid-day trading, an increase of 69% from the average session volume of 31,955,262 shares. The stock had previously closed at $27.48.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave is being highlighted as a potential winner in the quantum computing space after reports said it has stronger analyst-implied upside than peers and is gaining traction from commercial adoption. Article Title
• Positive Sentiment: Recent coverage says quantum computing is moving toward a commercial breakout phase, which supports the bullish narrative around QBTS as an early leader in the sector. Article Title
• Neutral Sentiment: Market commentary comparing QBTS with IONQ suggests investors are still weighing which quantum stock will dominate in 2026, keeping attention on the group rather than on one clear winner yet. Article Title
• Negative Sentiment: CFO John Markovich sold 328,752 shares, a move that can pressure short-term sentiment because insider selling often raises caution about valuation or near-term expectations. Article Title

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on QBTS. Zacks Research upgraded shares of D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $40.00 target price on shares of D-Wave Quantum in a research note on Wednesday, May 13th. Jefferies Financial Group restated a “buy” rating on shares of D-Wave Quantum in a research report on Tuesday, May 12th. TD Cowen assumed coverage on shares of D-Wave Quantum in a research report on Thursday, February 12th. They set a “buy” rating on the stock. Finally, Mizuho lowered their price objective on shares of D-Wave Quantum from $31.00 to $29.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, D-Wave Quantum presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.67.

D-Wave Quantum Trading Up 2.0%

The company has a market cap of $11.12 billion, a P/E ratio of -26.61 and a beta of 1.95. The stock’s 50-day moving average is $19.54 and its two-hundred day moving average is $22.15. 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 issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The company had revenue of $2.86 million for the quarter, compared to the consensus estimate of $4.19 million. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. The firm’s revenue for the quarter was down 80.9% compared to the same quarter last year. As a group, equities research analysts predict that D-Wave Quantum Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Buying and Selling at D-Wave Quantum

In other D-Wave Quantum news, VP Sophie C. Ames sold 23,025 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $18.98, for a total value of $437,014.50. Following the transaction, the vice president directly owned 596,803 shares in the company, valued at approximately $11,327,320.94. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Markovich sold 328,752 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $27.70, for a total transaction of $9,106,430.40. Following the completion of the transaction, the chief financial officer owned 1,442,820 shares in the company, valued at $39,966,114. The trade was a 18.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 383,553 shares of company stock valued at $10,118,016 over the last three months. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC bought a new position in D-Wave Quantum in the first quarter worth approximately $51,000. Bank of America Corp DE raised its position in D-Wave Quantum by 10.5% in the first quarter. Bank of America Corp DE now owns 3,886,036 shares of the company’s stock worth $56,075,000 after acquiring an additional 368,486 shares during the period. Encore Global Management LP bought a new stake in shares of D-Wave Quantum during the 1st quarter valued at $433,000. Amundi raised its position in shares of D-Wave Quantum by 32.5% during the 1st quarter. Amundi now owns 171,955 shares of the company’s stock valued at $2,481,000 after purchasing an additional 42,159 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of D-Wave Quantum by 26.9% during the 1st quarter. California State Teachers Retirement System now owns 407,235 shares of the company’s stock valued at $5,876,000 after purchasing an additional 86,267 shares during the period. 42.47% of the stock is currently owned by institutional investors.

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.