Insider Selling: D-Wave Quantum (NASDAQ:QBTS) Director Sells $19,800.00 in Stock

D-Wave Quantum Inc. (NASDAQ:QBTS) Director John Dilullo sold 1,100 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $18.00, for a total transaction of $19,800.00. Following the transaction, the director directly owned 20,210 shares in the company, valued at approximately $363,780. This represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

D-Wave Quantum Stock Up 0.8%

Shares of NASDAQ QBTS opened at $16.80 on Friday. D-Wave Quantum Inc. has a 52-week low of $12.75 and a 52-week high of $46.75. The firm has a fifty day moving average of $18.68 and a 200-day moving average of $19.98. The stock has a market capitalization of $6.21 billion, a PE ratio of -23.66 and a beta of 2.15. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NASDAQ:QBTS) last issued its 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). The firm had revenue of $3.08 million during the quarter, compared to analysts’ expectations of $4.03 million. D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%.The company’s quarterly revenue was down 0.6 compared to the same quarter last year. During the same period last year, the business posted ($0.08) earnings per share. On average, analysts anticipate that D-Wave Quantum Inc. will post -0.46 EPS for the current year.

Hedge Funds Weigh In On D-Wave Quantum

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC acquired a new stake in D-Wave Quantum in the second quarter valued at approximately $372,000. Archford Capital Strategies LLC purchased a new position in shares of D-Wave Quantum in the second quarter valued at $200,000. WINTON GROUP Ltd purchased a new position in shares of D-Wave Quantum in the second quarter valued at $6,720,000. NorthRock Partners LLC acquired a new stake in D-Wave Quantum during the 2nd quarter valued at $359,000. Finally, Integrated Wealth Concepts LLC grew its holdings in D-Wave Quantum by 18.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 17,136 shares of the company’s stock valued at $411,000 after purchasing an additional 2,640 shares in the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on QBTS shares. B. Riley Financial increased their target price on shares of D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Jefferies Financial Group set a $40.00 price objective on shares of D-Wave Quantum in a research note on Friday, August 7th. Canaccord Genuity Group set a $35.00 price objective on shares of D-Wave Quantum in a research report on Thursday, August 6th. Stifel Nicolaus set a $35.00 target price on shares of D-Wave Quantum in a research note on Tuesday, June 2nd. Finally, Weiss Ratings raised shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 28th. Thirteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.27.

Key D-Wave Quantum News

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

• Positive Sentiment: D-Wave finalized a definitive agreement with the U.S. Department of Commerce for up to $100 million under the CHIPS and Science Act. The funding is expected to extend D-Wave’s cash runway, support domestic quantum-computing development, and provide a significant vote of confidence from Washington. D-Wave finalizes Department of Commerce agreement
• Positive Sentiment: The broader government initiative provides up to $300 million in minority equity investments across D-Wave, Rigetti, and Quantinuum. Federal participation could improve D-Wave’s financial position, raise the sector’s profile, and support future customer and commercial adoption. Uncle Sam’s Quantum Leap
• Neutral Sentiment: D-Wave issued approximately 7.1 million shares to the U.S. government as part of the funding arrangement. The capital is favorable for liquidity, but the new shares will dilute existing shareholders. D-Wave issues shares under CHIPS deal
• Neutral Sentiment: Director John DiLullo sold 1,100 shares for $19,800 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and represents a relatively small transaction, it provides limited information about management’s current outlook. D-Wave director share sale
• Negative Sentiment: Several law firms announced investigations into potential securities-law violations involving D-Wave. The announcements create headline and litigation risk, although they do not establish wrongdoing. QBTS investigation alert
• Negative Sentiment: D-Wave remains unprofitable, and its latest quarterly revenue of $3.08 million missed expectations while adjusted loss per share was wider than forecast. Its very high valuation and dependence on future quantum-computing growth could continue to pressure the stock if commercial revenue does not accelerate.

About D-Wave Quantum

D-Wave Quantum Inc develops quantum computing systems, software, and services for commercial, government, and research customers. The company is best known for its quantum annealing technology, which is designed to help solve complex optimization problems involving areas such as logistics, scheduling, manufacturing, artificial intelligence, and financial modeling.

D-Wave also develops gate-model quantum computing technology and provides access to its systems through cloud-based services, including the Leap quantum application environment.