D-Wave Quantum (NYSE:QBTS) Shares Up 2.8% – Time to Buy?

D-Wave Quantum Inc. (NYSE:QBTS) shares shot up 2.8% during trading on Thursday . The company traded as high as $21.49 and last traded at $21.2140. 16,470,572 shares were traded during mid-day trading, a decline of 48% from the average session volume of 31,543,840 shares. The stock had previously closed at $20.64.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave earned IDC MarketScape Leader recognition, reinforcing its position as a practical, enterprise-focused quantum computing provider with growing traction in production deployments, hybrid tools, and its roadmap. D-Wave Earns IDC Recognition for Its Practical Quantum Computing Push
• Positive Sentiment: Recent coverage highlights strong long-term momentum for QBTS, citing rising bookings and expanding commercial opportunities as reasons the stock has rallied over the past year. D-Wave Quantum Stock Surges 42.9% in a Year: What’s Driving the Rally?
• Neutral Sentiment: Analyst and media comparisons with Rigetti and other quantum peers keep D-Wave in the spotlight, but also remind investors that the group remains highly speculative and competitive. D-Wave Quantum vs. Rigetti Computing: Which Quantum Computing Stock Is a Better Buy in 2026?
• Neutral Sentiment: IQM’s Nasdaq debut adds another player to the quantum race, which may broaden investor interest in the sector but also heightens competitive pressure on D-Wave. IQM’s Nasdaq Debut Could Change the Quantum Race for D-Wave
• Negative Sentiment: Despite the positive recognition, the stock remains vulnerable to sharp swings because revenue timing is still uncertain, which can create quarter-to-quarter volatility. D-Wave Quantum Stock Surges 42.9% in a Year: What’s Driving the Rally?

Analyst Ratings Changes

QBTS has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $40.00 price objective on shares of D-Wave Quantum in a research report on Wednesday, May 13th. Jefferies Financial Group reissued a “buy” rating on shares of D-Wave Quantum in a report on Tuesday, May 12th. Northland Securities began coverage on shares of D-Wave Quantum in a research note on Monday, April 20th. They set a “market perform” rating and a $22.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of D-Wave Quantum in a report on Tuesday, June 2nd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $43.00 price target on shares of D-Wave Quantum in a research report on Thursday, June 11th. Fourteen 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 has an average rating of “Moderate Buy” and a consensus price target of $36.80.

D-Wave Quantum Stock Down 5.1%

The business has a 50-day moving average of $23.91 and a 200 day moving average of $22.00. The company has a market capitalization of $7.43 billion, a PE ratio of -17.77 and a beta of 2.11. 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) EPS for the quarter, topping 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 business had revenue of $2.86 million during the quarter, compared to analysts’ expectations of $4.19 million. During the same period last year, the company posted ($0.02) EPS. The business’s revenue was down 80.9% on a year-over-year basis. Equities 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 news, CFO John M. Markovich sold 200,000 shares of D-Wave Quantum stock in a transaction on Monday, June 15th. The shares were sold at an average price of $25.71, for a total transaction of $5,142,000.00. Following the completion of the sale, the chief financial officer directly owned 1,142,820 shares in the company, valued at approximately $29,381,902.20. The trade was a 14.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Sophie C. Ames sold 23,025 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $18.98, for a total value of $437,014.50. Following the completion of the transaction, the vice president owned 596,803 shares of the company’s stock, valued at $11,327,320.94. This trade represents a 3.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,363,842 shares of company stock valued at $35,802,656 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of D-Wave Quantum

Several large investors have recently made changes to their positions in QBTS. Root Financial Partners LLC grew its holdings in D-Wave Quantum by 388.0% in the fourth 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. Kemnay Advisory Services Inc. acquired a new stake in shares of D-Wave Quantum in the fourth quarter worth approximately $28,000. EverSource Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 838 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new position in D-Wave Quantum during the fourth quarter worth $31,000. Finally, Ancora Advisors LLC purchased a new stake in D-Wave Quantum in the 3rd quarter valued at $30,000. 42.47% of the stock is owned by hedge funds and other 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.