Insider Selling: D-Wave Quantum (NYSE:QBTS) CFO Sells 100,000 Shares of Stock

D-Wave Quantum Inc. (NYSE:QBTS) CFO John Markovich sold 100,000 shares of D-Wave Quantum stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $30.03, for a total value of $3,003,000.00. Following the completion of the sale, the chief financial officer owned 1,471,312 shares of the company’s stock, valued at $44,183,499.36. The trade was a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

D-Wave Quantum Stock Performance

NYSE:QBTS traded down $3.11 during mid-day trading on Tuesday, reaching $29.08. The company’s stock had a trading volume of 44,509,985 shares, compared to its average volume of 60,531,824. The company has a current ratio of 54.68, a quick ratio of 54.49 and a debt-to-equity ratio of 0.05. The stock has a market cap of $10.18 billion, a P/E ratio of -21.54 and a beta of 1.57. The firm’s fifty day moving average price is $28.47 and its two-hundred day moving average price is $22.46. D-Wave Quantum Inc. has a 12-month low of $3.74 and a 12-month high of $46.75.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. D-Wave Quantum had a negative net margin of 1,651.81% and a negative return on equity of 97.58%. The firm had revenue of $3.74 million during the quarter, compared to analyst estimates of $3.03 million. D-Wave Quantum’s quarterly revenue was up 105.6% compared to the same quarter last year. On average, equities analysts forecast that D-Wave Quantum Inc. will post -0.41 EPS for the current fiscal year.

More D-Wave Quantum News

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

• Positive Sentiment: D-Wave announced it will bring commercial quantum demonstrations and customer success stories to CES 2026 — a high-visibility showcase that markets commercialization progress and can accelerate enterprise interest. D-Wave to Bring Commercial Quantum Computing to CES 2026
• Positive Sentiment: Media coverage links the CES reveal to an immediate rally: outlets report the stock jumped after the CES plans, highlighting investor hopes for near-term commercial wins. D-Wave Quantum Jumps After Announcing CES 2026 Commercial Technology Showcase
• Positive Sentiment: Wall Street and institutional interest increased in 2025 (several brokerages initiated coverage), and reports of hedge-fund accumulation are reinforcing confidence that professional money is backing the story. Wall Street Discovered Quantum Computing Stocks In 2025
• Positive Sentiment: Retail-driven year-end momentum (a “Santa Rally” in quantum names) is lifting QBTS alongside peers, amplifying short-term upside. D-Wave, Rigetti, IonQ Stocks Climb In Retail-Fueled Santa Rally
• Neutral Sentiment: Analyst pieces frame 2026 as a potential breakout year if commercialization continues, but they note revenue remains small vs. valuation — a conditional bullish view that depends on execution. Why 2026 Could Be the Year D-Wave Breaks Out
• Neutral Sentiment: Industry analyses compare quantum plays to Nvidia’s AI run — suggesting potential playbook parallels but noting different market dynamics and longer commercialization timelines. Quantum Stocks 2026: Can IONQ & QBTS Follow NVDA’s Playbook?
• Negative Sentiment: Fundamental risks remain: quarterly revenue is growing but still small in absolute dollars, and the stock’s valuation and reliance on continued execution make it vulnerable to pullbacks if commercialization stalls. Why 2026 Could Be the Year D-Wave Breaks Out
• Negative Sentiment: Heavy retail participation and thin institutional trading around the holidays increase volatility risk — spikes can reverse quickly once professionals re-enter the market. D-Wave, Rigetti, IonQ Stocks Climb In Retail-Fueled Santa Rally

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP raised its holdings in D-Wave Quantum by 40.7% during the third quarter. Allworth Financial LP now owns 10,362 shares of the company’s stock valued at $256,000 after acquiring an additional 2,999 shares during the period. Swiss Life Asset Management Ltd bought a new position in shares of D-Wave Quantum in the third quarter worth about $345,000. Strategic Advocates LLC grew its position in shares of D-Wave Quantum by 6.5% during the third quarter. Strategic Advocates LLC now owns 33,715 shares of the company’s stock worth $833,000 after purchasing an additional 2,050 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in D-Wave Quantum during the 3rd quarter valued at approximately $814,000. Finally, WBI Investments LLC bought a new stake in D-Wave Quantum during the 3rd quarter valued at approximately $844,000. Institutional investors own 42.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on QBTS. Jefferies Financial Group assumed coverage on D-Wave Quantum in a report on Tuesday, December 16th. They issued a “buy” rating and a $45.00 target price on the stock. Zacks Research raised shares of D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Benchmark increased their price objective on shares of D-Wave Quantum from $20.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Evercore ISI started coverage on shares of D-Wave Quantum in a research report on Wednesday, December 3rd. They set an “outperform” rating and a $44.00 target price for the company. Finally, Wall Street Zen cut shares of D-Wave Quantum from a “hold” rating to a “sell” rating in a report on Saturday. Fourteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, D-Wave Quantum presently has an average rating of “Moderate Buy” and a consensus target price of $33.67.

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.