The Manufacturers Life Insurance Company Buys 72,100 Shares of D-Wave Quantum Inc. $QBTS

The Manufacturers Life Insurance Company boosted its position in shares of D-Wave Quantum Inc. (NASDAQ:QBTS) by 64.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,481 shares of the company’s stock after buying an additional 72,100 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in D-Wave Quantum were worth $2,648,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in QBTS. Quantinno Capital Management LP raised its stake in shares of D-Wave Quantum by 38.1% in the first quarter. Quantinno Capital Management LP now owns 69,413 shares of the company’s stock valued at $1,002,000 after acquiring an additional 19,168 shares during the period. Baader Bank Aktiengesellschaft bought a new position in D-Wave Quantum during the 1st quarter valued at about $356,000. Florida Financial Advisors LLC raised its position in D-Wave Quantum by 16.0% in the 1st quarter. Florida Financial Advisors LLC now owns 35,704 shares of the company’s stock worth $515,000 after purchasing an additional 4,927 shares during the period. Dimensional Fund Advisors LP raised its position in D-Wave Quantum by 289.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 143,064 shares of the company’s stock worth $2,064,000 after purchasing an additional 106,324 shares during the period. Finally, Parallel Advisors LLC lifted its stake in D-Wave Quantum by 545.5% in the first quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock worth $26,000 after purchasing an additional 1,511 shares during the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

D-Wave Quantum Trading Up 7.0%

QBTS stock opened at $20.76 on Friday. D-Wave Quantum Inc. has a 12 month low of $12.75 and a 12 month high of $46.75. The firm’s 50-day moving average is $21.74 and its 200 day moving average is $20.59. The company has a market capitalization of $7.68 billion, a PE ratio of -29.24 and a beta of 2.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31.

D-Wave Quantum (NASDAQ:QBTS) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 2,001.59% and a negative return on equity of 28.19%. D-Wave Quantum’s quarterly revenue was down 0.6 on a year-over-year basis. During the same period last year, the firm earned ($0.08) earnings per share. On average, research analysts anticipate that D-Wave Quantum Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

QBTS has been the subject of several recent analyst reports. B. Riley Financial boosted their target price on D-Wave Quantum from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Mizuho increased their price target on D-Wave Quantum from $29.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Stifel Nicolaus set a $35.00 price target on D-Wave Quantum in a research note on Tuesday, June 2nd. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of D-Wave Quantum in a research note on Tuesday, June 2nd. Finally, Benchmark assumed coverage on D-Wave Quantum in a report on Monday, July 27th. They set a “buy” rating and a $30.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, D-Wave Quantum presently has a consensus rating of “Moderate Buy” and an average target price of $36.36.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: Bookings and customer adoption improved substantially. D-Wave reported a roughly 1,120% year-over-year increase in first-half bookings, a $40.7 million backlog and growing exposure to commercial customers. Management said production annealing usage is expanding, supporting the company’s long-term growth narrative. D-Wave CEO says QBTS ready to lead the quantum market after a 1,100% surge in first-half bookings
• Positive Sentiment: Analyst confidence is providing support. Rosenblatt Securities reaffirmed its “Buy” rating and set a $43 price target, implying substantial upside from current levels. Broader coverage also identifies quantum computing as a potential beneficiary of increasing AI investment and government support for next-generation computing. Beyond NVIDIA and GPUs: The Next AI and Quantum Winners Leading 2026
• Neutral Sentiment: The investment case remains dependent on execution. D-Wave is developing a staged path toward commercially relevant gate-model quantum computing, while management expects a disproportionate share of 2026 revenue to arrive in the fourth quarter. That outlook could produce significant upside if adoption accelerates, but also leaves results sensitive to timing and customer deployments. QBTS Q2 Earnings Call Focuses on Adoption and Quantum Roadmaps
• Negative Sentiment: Second-quarter results missed expectations. Revenue was $3.08 million versus approximately $4.03 million expected, while the loss was $0.10 per share compared with an anticipated $0.08 loss. Revenue also declined slightly year over year, and the company continues to report substantial net losses. These results initially pressured the shares despite the bookings growth. QBTS Stock Falls on Wider-Than-Expected Q2 Loss and Revenue Miss

Insider Activity

In related news, Director John D. Dilullo sold 7,850 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $24.43, for a total value of $191,775.50. Following the completion of the sale, the director owned 21,310 shares in the company, valued at approximately $520,603.30. The trade was a 26.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Markovich sold 200,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.71, for a total value of $5,142,000.00. Following the completion of the transaction, the chief financial officer directly owned 1,142,820 shares in the company, valued at approximately $29,381,902.20. This trade represents a 14.89% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 1,363,842 shares of company stock valued at $35,789,148. Insiders own 1.30% of the company’s stock.

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.