D-Wave Quantum (NASDAQ:QBTS) Stock Price Down 6.4% – Should You Sell?

D-Wave Quantum Inc. (NASDAQ:QBTS)’s share price dropped 6.4% during trading on Tuesday . The company traded as low as $19.46 and last traded at $19.53. Approximately 12,840,482 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 29,045,033 shares. The stock had previously closed at $20.87.

D-Wave Quantum News Roundup

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

• Positive Sentiment: NTT DOCOMO deployed a second D-Wave-powered application in production. The network-operations application reportedly reduced device location-registration signals, providing additional evidence that D-Wave’s technology can deliver measurable benefits in a real-world, large-scale telecom environment. D-Wave Technology Drives NTT DOCOMO’s Second Production Quantum Application in Network Operations
• Positive Sentiment: D-Wave remains a featured quantum-computing investment. Its annealing and gate-model platforms give QBTS exposure to the intensifying U.S.-China technology race and broader government and enterprise interest in quantum computing. U.S.-China 2026 Tech Race: 2 AI Stocks & 2 Quantum Stocks to Watch
• Positive Sentiment: Financial-services applications could broaden D-Wave’s commercial opportunity. Its partnership with Nasdaq Verafin is aimed at applying quantum computing to financial-crime detection and risk analytics, moving the company beyond research-oriented use cases. What Could D-Wave Quantum Gain From Its Financial Crime Detection Push?
• Neutral Sentiment: D-Wave appointed technology-finance executive Kevan P. Krysler to its board and audit committee. The appointment may strengthen financial oversight and investor communications, but it does not immediately change revenue or profitability. D-Wave Appoints Kevan P. Krysler to Board of Directors and Audit Committee
• Negative Sentiment: Recent earnings remain the key overhang. D-Wave missed quarterly EPS and revenue expectations, while revenue was essentially flat year over year. Analysts expect another annual loss, reinforcing concerns that commercial deployments have not yet produced consistent, scalable growth.
• Negative Sentiment: Investors are demanding proof that the momentum can continue. Commentary highlights the need for repeat customers, stronger revenue generation, and progress toward profitability. Competition from IonQ, Quantum Computing Inc., and other emerging quantum firms further increases execution risk. D-Wave Has Momentum—What Does It Need to Keep It Going?

Wall Street Analyst Weigh In

QBTS has been the subject of several analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $40.00 price objective on shares of D-Wave Quantum in a research note on Wednesday, May 13th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of D-Wave Quantum in a report on Tuesday, June 2nd. Wall Street Zen raised D-Wave Quantum from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings lowered shares of D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. Finally, Zacks Research upgraded shares of D-Wave Quantum from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, D-Wave Quantum has an average rating of “Moderate Buy” and an average price target of $36.36.

D-Wave Quantum Trading Down 6.4%

The company has a market cap of $7.22 billion, a price-to-earnings ratio of -27.51 and a beta of 2.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 20.55 and a quick ratio of 20.42. The business’s 50-day simple moving average is $20.94 and its 200-day simple moving average is $20.32.

D-Wave Quantum (NASDAQ:QBTS) last released 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 period in the previous year, the business posted ($0.08) EPS. The business’s quarterly revenue was down 0.6 on a year-over-year basis. Research analysts predict that D-Wave Quantum Inc. will post -0.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other D-Wave Quantum news, CFO John M. Markovich sold 328,752 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $27.70, for a total transaction of $9,106,430.40. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rohit Ghai sold 13,518 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $26.41, for a total transaction of $357,010.38. Following the completion of the transaction, the director owned 23,617 shares in the company, valued at approximately $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. In the last 90 days, insiders have sold 1,363,842 shares of company stock valued at $35,789,148. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On D-Wave Quantum

A number of large investors have recently bought and sold shares of QBTS. Baird Financial Group Inc. increased its holdings in shares of D-Wave Quantum by 12.0% in the 1st quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock worth $92,000 after acquiring an additional 1,300 shares during the period. Royal Bank of Canada boosted its position in 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 acquiring an additional 60,668 shares during the period. AQR Capital Management LLC grew its stake in shares of D-Wave Quantum by 201.0% in the first quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock worth $1,526,000 after purchasing an additional 134,066 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of D-Wave Quantum by 93.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock worth $825,000 after purchasing an additional 52,437 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of D-Wave Quantum by 125.7% during the first quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock valued at $333,000 after purchasing an additional 24,382 shares during the period. Institutional investors own 42.47% of the company’s stock.

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.