D-Wave Quantum (NYSE:QBTS) CFO John Markovich Sells 46,043 Shares of Stock

D-Wave Quantum Inc. (NYSE:QBTS) CFO John Markovich sold 46,043 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $24.01, for a total transaction of $1,105,492.43. Following the transaction, the chief financial officer owned 1,342,820 shares in the company, valued at $32,241,108.20. The trade was a 3.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

D-Wave Quantum Stock Down 9.0%

D-Wave Quantum stock opened at $23.91 on Wednesday. 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 Inc. has a 12-month low of $12.75 and a 12-month high of $46.75. The firm’s fifty day moving average is $22.14 and its 200 day moving average is $22.30. The company has a market capitalization of $8.84 billion, a PE ratio of -21.16 and a beta of 2.05.

D-Wave Quantum (NYSE:QBTS) last released its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The company had revenue of $2.86 million for the quarter, compared to the consensus estimate of $4.19 million. During the same quarter in the previous year, the company earned ($0.02) EPS. D-Wave Quantum’s quarterly revenue was down 80.9% compared to the same quarter last year. As a group, sell-side analysts predict that D-Wave Quantum Inc. will post -0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on QBTS. Stifel Nicolaus set a $35.00 target price on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of D-Wave Quantum in a research report on Tuesday, May 12th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Rosenblatt Securities reiterated a “buy” rating and set a $43.00 target price on shares of D-Wave Quantum in a research report on Thursday, June 11th. Finally, Weiss Ratings lowered shares of D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.80.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave’s recent gate-model roadmap and analyst-day progress helped reinforce the long-term growth story, and Mizuho reportedly raised its price target after that event, signaling continued optimism about the company’s quantum-computing strategy. Article Title
• Positive Sentiment: Some market commentary framed QBTS as a leading pure-play quantum stock, with bullish technical analysis suggesting the recent breakout may still have room to run. Article Title
• Positive Sentiment: Monday’s rally in quantum-computing stocks reflected broad risk-on sentiment and renewed investor enthusiasm for the sector, which had supported QBTS earlier in the week. Article Title
• Neutral Sentiment: Coverage comparing D-Wave to “the NVIDIA of quantum computing” highlights strong growth potential, but also underscores that the stock’s valuation leaves little room for execution missteps. Article Title
• Neutral Sentiment: Analysts and industry commentary continue to debate whether D-Wave can hold its own against larger and faster-growing rivals, keeping attention on competitive positioning rather than near-term fundamentals. Article Title
• Negative Sentiment: Shares of D-Wave and other quantum names reversed much of Monday’s sharp rally on Tuesday, suggesting traders were taking profits after the recent surge. Article Title
• Negative Sentiment: New SEC filings showed CFO John M. Markovich and director Rohit Ghai sold shares, which may raise investor questions even though the filings say the sales were tied to taxes and a 10b5-1 plan. Article Title

Institutional Trading of D-Wave Quantum

A number of hedge funds and other institutional investors have recently bought and sold shares of QBTS. Root Financial Partners LLC increased its stake in D-Wave Quantum by 388.0% during the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after purchasing an additional 776 shares in the last quarter. Parallel Advisors LLC increased its stake in D-Wave Quantum by 545.5% during the 1st quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock valued at $26,000 after purchasing an additional 1,511 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in D-Wave Quantum during the 4th quarter valued at $28,000. PeakShares LLC bought a new stake in D-Wave Quantum during the 1st quarter valued at $29,000. Finally, EverSource Wealth Advisors LLC increased its stake in D-Wave Quantum by 267.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock valued at $30,000 after purchasing an additional 838 shares in the last quarter. 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.