Seven Grand Managers LLC Takes $1.31 Million Position in D-Wave Quantum Inc. $QBTS

Seven Grand Managers LLC bought a new position in shares of D-Wave Quantum Inc. (NYSE:QBTS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,000 shares of the company’s stock, valued at approximately $1,308,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in D-Wave Quantum by 41.2% during the third quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock worth $950,220,000 after acquiring an additional 11,218,255 shares during the last quarter. UBS Group AG boosted its position in D-Wave Quantum by 541.6% during the third quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after acquiring an additional 10,205,427 shares during the last quarter. Geode Capital Management LLC boosted its position in D-Wave Quantum by 11.5% during the fourth quarter. Geode Capital Management LLC now owns 8,394,726 shares of the company’s stock worth $220,085,000 after acquiring an additional 866,405 shares during the last quarter. State Street Corp boosted its position in D-Wave Quantum by 41.3% during the second quarter. State Street Corp now owns 6,648,395 shares of the company’s stock worth $97,333,000 after acquiring an additional 1,941,762 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in D-Wave Quantum by 136,842.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,194,866 shares of the company’s stock worth $83,546,000 after acquiring an additional 3,192,533 shares during the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

D-Wave Quantum News Summary

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

• Positive Sentiment: D-Wave signed a letter of intent with the U.S. Department of Commerce for $100 million in CHIPS and Science Act funding, and the company also said it secured second-year funding for its superconducting quantum innovation project. These announcements reinforce government backing for its hardware roadmap and could help support longer-term growth. Article Title
• Positive Sentiment: Several recent reports highlighted surging bookings, expanding enterprise adoption, and analyst comparisons suggesting QBTS may have more upside than peers like IonQ and Rigetti. That keeps the stock in focus as a commercial leader in quantum computing. Article Title
• Positive Sentiment: D-Wave pushed back on claims that a new classical-computing study disproved its quantum supremacy result, saying its benchmark claims still stand. Defending a core technical milestone may help preserve investor confidence in the company’s technology narrative. Article Title
• Neutral Sentiment: Industry coverage continues to frame quantum computing as moving into a commercial breakout phase, which supports long-term optimism for QBTS but does not represent a direct company-specific catalyst. Article Title
• Negative Sentiment: Multiple reports said QBTS shares fell after a study questioned D-Wave’s “quantum advantage” or “quantum supremacy” claims. That kind of technical skepticism can weigh on sentiment, especially for a valuation-sensitive growth stock. Article Title
• Negative Sentiment: CFO John M. Markovich sold 328,752 shares, reducing his position by about 18.6%. Insider selling can be a headwind for short-term sentiment, even if it does not necessarily signal a change in fundamentals. Article Title

Insider Activity at D-Wave Quantum

In other news, Director Rohit Ghai sold 10,000 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $17.62, for a total value of $176,200.00. Following the transaction, the director owned 27,778 shares of the company’s stock, valued at approximately $489,448.36. This trade represents a 26.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John D. Dilullo sold 8,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $18.01, for a total transaction of $144,080.00. Following the completion of the transaction, the director directly owned 19,803 shares in the company, valued at approximately $356,652.03. This represents a 28.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 383,553 shares of company stock worth $10,118,016 in the last 90 days. Company insiders own 3.20% of the company’s stock.

D-Wave Quantum Stock Down 0.8%

Shares of QBTS opened at $27.59 on Thursday. The firm has a market cap of $10.21 billion, a PE ratio of -24.42 and a beta of 1.95. The company’s fifty day moving average is $19.03 and its two-hundred day moving average is $22.10. D-Wave Quantum Inc. has a fifty-two week low of $12.75 and a fifty-two week high of $46.75. The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $2.86 million for the quarter, compared to analyst estimates of $4.19 million. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. D-Wave Quantum’s revenue for the quarter was down 80.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.02) EPS. Analysts forecast that D-Wave Quantum Inc. will post -0.44 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on QBTS shares. Jefferies Financial Group restated a “buy” rating on shares of D-Wave Quantum in a research report on Tuesday, May 12th. Zacks Research upgraded shares of D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Northland Securities started coverage on shares of D-Wave Quantum in a research report on Monday, April 20th. They set a “market perform” rating and a $22.00 target price on the stock. Roth Mkm decreased their target price on shares of D-Wave Quantum from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, Mizuho decreased their target price on shares of D-Wave Quantum from $31.00 to $29.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Fourteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.67.

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.