D-Wave Quantum (NASDAQ:QBTS) Trading Down 3.3% – Time to Sell?

D-Wave Quantum Inc. (NASDAQ:QBTS) was down 3.3% during mid-day trading on Friday . The stock traded as low as $16.55 and last traded at $17.11. Approximately 19,003,226 shares were traded during mid-day trading, a decline of 31% from the average session volume of 27,457,090 shares. The stock had previously closed at $17.69.

D-Wave Quantum News Roundup

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

• Positive Sentiment: D-Wave benefited from broad momentum across quantum-computing stocks, which rallied after IonQ and NVIDIA announced progress using generative AI to reduce quantum-circuit compilation time. The move appears largely thematic rather than based on a major change in D-Wave’s near-term fundamentals. IonQ Climbs 9% on Quantum Optimization Work With NVIDIA; D-Wave Rises 8%, Rigetti Gains 7%
• Positive Sentiment: The company’s planned Qubits Asia 2026 conference in Seoul is intended to showcase customer adoption and D-Wave’s growing Asia-Pacific presence. The event could support investor interest in commercial applications, although it is not an immediate revenue catalyst. D-Wave to Host Qubits Asia 2026 Quantum Computing User Conference in Seoul
• Positive Sentiment: D-Wave’s previously announced agreement providing access to as much as $100 million in U.S. CHIPS and Science Act funding remains a long-term support for its annealing and gate-model development roadmap, including planned larger-scale systems.
• Neutral Sentiment: Recent coverage compares D-Wave with Paycom Software and highlights analysts’ generally constructive view of QBTS, including a reported median price target of $40. However, the targets are forward-looking and do not resolve the company’s negative earnings and revenue execution issues. Comparing D-Wave Quantum and Paycom Software
• Negative Sentiment: Investor attention is being drawn to the CFO’s departure and reported legal probes, increasing uncertainty around management continuity and potential liabilities. Pomerantz LLP has also announced an investigation into claims on behalf of QBTS investors, which adds reputational and litigation risk. What Is D-Wave Quantum Facing After CFO Exit and Legal Probes?
• Negative Sentiment: Insider-trading data cited in recent coverage shows selling rather than purchases by company executives over the past six months. That pattern can weigh on sentiment, particularly while QBTS remains unprofitable and trades at a speculative valuation. D-Wave Quantum Jumps as Investors Lean Into Quantum Trade

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Rosenblatt Securities reissued a “buy” rating and set a $43.00 price objective on shares of D-Wave Quantum in a report on Friday, August 7th. Wedbush started coverage on shares of D-Wave Quantum in a research report on Monday, August 3rd. They set an “outperform” rating and a $40.00 price target on the stock. Mizuho boosted their target price on D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Canaccord Genuity Group set a $35.00 target price on D-Wave Quantum in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 28th. Thirteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.27.

D-Wave Quantum Stock Performance

The business has a 50-day moving average of $18.32 and a two-hundred day moving average of $19.93. 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 company has a market cap of $6.33 billion, a P/E ratio of -24.10 and a beta of 2.15.

D-Wave Quantum (NASDAQ:QBTS) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The company 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 on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) EPS. On average, sell-side analysts predict that D-Wave Quantum Inc. will post -0.46 EPS for the current fiscal year.

Insider Activity

In other news, VP Sophie Ames sold 3,070 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $16.95, for a total value of $52,036.50. Following the transaction, the vice president owned 589,009 shares in the company, valued at $9,983,702.55. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On D-Wave Quantum

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fiduciary Financial Advisors acquired a new stake in shares of D-Wave Quantum in the 2nd quarter worth approximately $25,000. Root Financial Partners LLC grew its holdings in shares of D-Wave Quantum by 388.0% during the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock worth $26,000 after buying an additional 776 shares in the last quarter. Parallel Advisors LLC raised its position in shares of D-Wave Quantum by 545.5% in the first quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock valued at $26,000 after buying an additional 1,511 shares during the last quarter. PeakShares LLC acquired a new position in D-Wave Quantum in the 1st quarter valued at $29,000. Finally, EverSource Wealth Advisors LLC lifted its position in D-Wave Quantum by 267.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $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 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.