D-Wave Quantum (NYSE:QBTS) Trading Down 8.2% – What’s Next?

D-Wave Quantum Inc. (NYSE:QBTS) shares traded down 8.2% during mid-day trading on Wednesday . The company traded as low as $22.40 and last traded at $22.98. 31,493,637 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 32,447,012 shares. The stock had previously closed at $25.03.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: Wall Street sentiment appears constructive, with Roth Capital raising its price target on QBTS to $40 from $30 and maintaining a Buy rating, citing strong investor interest and the company’s positioning in quantum computing. D-Wave Quantum (QBTS) Says It Has a Key Edge Over Rivals; Is Wall Street Buying the Story?
• Positive Sentiment: The company advanced its gate-model roadmap with a first-of-its-kind error-aware quantum simulator, with developer access planned for September 2026, which could help support its longer-term growth story. D-Wave Advances Gate-Model Roadmap With First-of-its-Kind Stimulator
• Positive Sentiment: Recent U.S. quantum-focused executive orders and federal funding commitments could create future contract opportunities and help accelerate quantum adoption, potentially benefiting D-Wave Quantum’s commercial pipeline. D-Wave Quantum (QBTS) Is Down 11.3% After U.S. Quantum Orders And Dual-Platform Roadmap Shift
• Neutral Sentiment: Multiple reports highlighted that investors are watching D-Wave’s bookings growth and roadmap execution more closely as the sector remains highly speculative. A Quantum Stock Gaining Ground Amid Microsoft’s Majorana Controversy
• Negative Sentiment: Despite the positive news flow, QBTS was hit by a sharp selloff, suggesting traders remain skeptical about near-term valuation and the pace of commercialization. Why D-Wave Quantum Stock Just Crashed

Analyst Ratings Changes

Several analysts recently commented on QBTS shares. Zacks Research raised D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings upgraded D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Cantor Fitzgerald reissued an “overweight” rating and set a $40.00 price objective on shares of D-Wave Quantum in a report on Wednesday, May 13th. Mizuho boosted their target price on shares of D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Finally, Canaccord Genuity Group lowered their target price on shares of D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Fourteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.80.

D-Wave Quantum Trading Up 1.4%

The company’s 50-day moving average is $23.42 and its 200-day moving average is $22.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 21.31 and a current ratio of 21.41. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of -19.59 and a beta of 2.05.

D-Wave Quantum (NYSE:QBTS) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $2.86 million during the quarter, compared to analysts’ expectations of $4.19 million. During the same quarter last year, the company posted ($0.02) EPS. The company’s quarterly revenue was down 80.9% compared to the same quarter last year. On average, research analysts predict that D-Wave Quantum Inc. will post -0.43 earnings per share for the current year.

Insider Transactions at D-Wave Quantum

In other D-Wave Quantum news, Director John D. Dilullo sold 7,850 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $24.43, for a total transaction of $191,775.50. Following the transaction, the director owned 21,310 shares of the company’s stock, valued at approximately $520,603.30. This represents a 26.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rohit Ghai sold 13,518 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $26.41, for a total value of $357,010.38. Following the completion of the transaction, the director owned 23,617 shares in the company, valued at $623,724.97. The trade was 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 have sold a total of 1,363,842 shares of company stock worth $35,802,656 over the last ninety days. 1.30% of the stock is currently owned by insiders.

Institutional Trading of D-Wave Quantum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QBTS. Root Financial Partners LLC lifted its position in D-Wave Quantum by 388.0% during the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after purchasing an additional 776 shares during the period. Parallel Advisors LLC grew its position in shares of D-Wave Quantum by 545.5% during the 1st quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock worth $26,000 after buying an additional 1,511 shares during the period. Kemnay Advisory Services Inc. bought a new stake in shares of D-Wave Quantum during the fourth quarter worth approximately $28,000. PeakShares LLC bought a new stake in shares of D-Wave Quantum during the first quarter worth approximately $29,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in D-Wave Quantum by 267.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock valued at $30,000 after buying an additional 838 shares during the period. 42.47% of the stock is currently owned by institutional investors and hedge funds.

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.