Total Clarity Wealth Management Inc. Sells 48,791 Shares of D-Wave Quantum Inc. $QBTS

Total Clarity Wealth Management Inc. trimmed its stake in shares of D-Wave Quantum Inc. (NYSE:QBTS) by 74.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,910 shares of the company’s stock after selling 48,791 shares during the period. Total Clarity Wealth Management Inc.’s holdings in D-Wave Quantum were worth $418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in D-Wave Quantum by 41.2% in the 3rd quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock valued at $950,220,000 after buying an additional 11,218,255 shares during the last quarter. Marex Group plc acquired a new position in shares of D-Wave Quantum during the second quarter valued at $80,070,000. Arrowstreet Capital Limited Partnership bought a new position in D-Wave Quantum in the second quarter valued at about $45,372,000. State Street Corp increased its position in D-Wave Quantum by 41.3% in the second quarter. State Street Corp now owns 6,648,395 shares of the company’s stock worth $97,333,000 after purchasing an additional 1,941,762 shares during the period. Finally, Geode Capital Management LLC increased its position in D-Wave Quantum by 41.6% in the second quarter. Geode Capital Management LLC now owns 6,411,558 shares of the company’s stock worth $93,877,000 after purchasing an additional 1,883,109 shares during the period. Institutional investors and hedge funds own 42.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on QBTS. Needham & Company LLC cut their target price on shares of D-Wave Quantum from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday. TD Cowen assumed coverage on shares of D-Wave Quantum in a report on Thursday, February 12th. They issued a “buy” rating on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $43.00 target price on shares of D-Wave Quantum in a report on Wednesday, January 28th. Williams Trading set a $35.00 target price on shares of D-Wave Quantum in a research report on Monday, November 10th. Finally, Zacks Research raised D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Fourteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.93.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: Significant bookings momentum — management reported Q4 bookings of $13.4M (a large sequential jump) and said January 2026 bookings topped $30M, indicating the sales pipeline is accelerating and could drive much stronger revenue later this year. Major Enterprise Deals And Quantum Circuits Acquisition Could Be A Game Changer For D-Wave Quantum (QBTS)
• Positive Sentiment: Large enterprise wins and product sales — management highlighted an eight‑figure Advantage2 system sale and a Quantum‑Computing‑as‑a‑Service agreement with a Fortune‑100 customer, showing D‑Wave can land high‑value contracts. Major Enterprise Deals And Quantum Circuits Acquisition Could Be A Game Changer For D-Wave Quantum (QBTS)
• Positive Sentiment: Strategic acquisition expands roadmap — the completed Quantum Circuits purchase repositions D‑Wave as a dual‑platform company (annealing + gate models), potentially broadening addressable market and product cross‑sell opportunities. Major Enterprise Deals And Quantum Circuits Acquisition Could Be A Game Changer For D-Wave Quantum (QBTS)
• Positive Sentiment: Strong cash reserves after acquisition — despite a $550M cash+stock deal for Quantum Circuits and a $250M cash outlay, D‑Wave finished the year with roughly $885M in cash and marketable securities, reducing near‑term financing risk while it ramps R&D and sales. D-Wave Quantum Stock Rises on Earnings. A Revenue Miss Doesn’t Seem to Matter.
• Neutral Sentiment: Analyst stance mixed but supportive — Needham kept a Buy rating while trimming its price target from $48 to $40, reflecting optimism about long‑term prospects but acknowledging near‑term uncertainty. Benzinga note on Needham price target
• Negative Sentiment: Quarterly miss on revenue and EPS — Q4 revenue of $2.75M missed consensus (~$3.74M) and adjusted EPS of -$0.09 missed estimates (-$0.05), reinforcing that near‑term top‑line growth remains lumpy. D-Wave (QBTS) Q4 2025 Earnings Call Transcript
• Negative Sentiment: High losses and uneven revenue base — full‑year 2025 showed a large net loss and very negative margins; revenue remains small in absolute terms, so results will be volatile until sales from recent bookings scale. D-Wave Quantum’s Q4 revenue rises 19% Y/Y, misses estimates

Insider Buying and Selling at D-Wave Quantum

In related news, Director Rohit Ghai sold 10,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $24.28, for a total transaction of $242,800.00. Following the sale, the director directly owned 37,778 shares in the company, valued at $917,249.84. This trade represents a 20.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kirstjen Nielsen sold 7,000 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $22.62, for a total transaction of $158,340.00. Following the completion of the sale, the director directly owned 112,673 shares in the company, valued at $2,548,663.26. This represents a 5.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,074,466 shares of company stock worth $31,558,806 in the last quarter. Company insiders own 3.20% of the company’s stock.

D-Wave Quantum Stock Up 2.5%

Shares of NYSE QBTS opened at $20.14 on Friday. D-Wave Quantum Inc. has a 52-week low of $4.45 and a 52-week high of $46.75. The stock has a market cap of $7.45 billion, a P/E ratio of -14.92 and a beta of 1.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 54.49 and a current ratio of 54.68. The firm has a 50 day moving average price of $24.40 and a 200 day moving average price of $24.89.

D-Wave Quantum (NYSE:QBTS) last posted its earnings results on Thursday, February 26th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). D-Wave Quantum had a negative return on equity of 97.58% and a negative net margin of 1,651.81%.The business had revenue of $2.75 million for the quarter, compared to the consensus estimate of $3.74 million. The company’s revenue was up 21.7% compared to the same quarter last year. Analysts expect that D-Wave Quantum Inc. will post -0.41 EPS for the current year.

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.