Erste Asset Management GmbH Invests $15.22 Million in D-Wave Quantum Inc. $QBTS

Erste Asset Management GmbH acquired a new position in D-Wave Quantum Inc. (NYSE:QBTS) during the third quarter, HoldingsChannel.com reports. The fund acquired 601,350 shares of the company’s stock, valued at approximately $15,219,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Osaic Holdings Inc. raised its position in shares of D-Wave Quantum by 125.7% during the 2nd quarter. Osaic Holdings Inc. now owns 247,004 shares of the company’s stock valued at $3,616,000 after purchasing an additional 137,549 shares during the period. UNICOM Systems Inc. boosted its holdings in D-Wave Quantum by 12.1% in the 3rd quarter. UNICOM Systems Inc. now owns 3,121,346 shares of the company’s stock worth $77,128,000 after buying an additional 337,838 shares during the period. Csenge Advisory Group increased its stake in D-Wave Quantum by 99.1% in the 3rd quarter. Csenge Advisory Group now owns 35,886 shares of the company’s stock worth $887,000 after buying an additional 17,860 shares in the last quarter. World Investment Advisors bought a new stake in D-Wave Quantum during the second quarter valued at about $190,000. Finally, Mutual Advisors LLC bought a new stake in D-Wave Quantum during the third quarter valued at about $1,069,000. 42.47% of the stock is owned by hedge funds and other institutional investors.

D-Wave Quantum Price Performance

D-Wave Quantum stock opened at $18.73 on Friday. D-Wave Quantum Inc. has a 52-week low of $4.45 and a 52-week high of $46.75. The company has a quick ratio of 54.49, a current ratio of 54.68 and a debt-to-equity ratio of 0.05. The firm’s fifty day moving average is $24.24 and its 200 day moving average is $24.90. The company has a market cap of $6.93 billion, a price-to-earnings ratio of -17.03 and a beta of 1.56.

D-Wave Quantum (NYSE:QBTS) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). The business had revenue of $2.75 million during the quarter, compared to analysts’ expectations of $3.74 million. D-Wave Quantum had a negative return on equity of 67.75% and a negative net margin of 1,444.10%.D-Wave Quantum’s quarterly revenue was up 21.7% on a year-over-year basis. Sell-side analysts forecast that D-Wave Quantum Inc. will post -0.41 EPS for the current fiscal year.

Insider Activity at D-Wave Quantum

In other news, Director John D. Dilullo sold 8,000 shares of D-Wave Quantum stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $27.36, for a total value of $218,880.00. Following the completion of the transaction, the director owned 27,803 shares in the company, valued at approximately $760,690.08. The trade was a 22.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rohit Ghai sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $24.28, for a total value of $242,800.00. Following the transaction, the director directly owned 37,778 shares in the company, valued at approximately $917,249.84. This represents a 20.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,074,466 shares of company stock valued at $31,558,806 over the last ninety days. 3.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

QBTS has been the subject of a number of recent analyst reports. Wall Street Zen lowered D-Wave Quantum from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Jefferies Financial Group started coverage on D-Wave Quantum in a research note on Tuesday, December 16th. They issued a “buy” rating and a $45.00 price target for the company. Zacks Research raised shares of D-Wave Quantum from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. TD Cowen started coverage on shares of D-Wave Quantum in a report on Thursday, February 12th. They issued a “buy” rating on the stock. Finally, Evercore 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. Fourteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, D-Wave Quantum currently has an average rating of “Moderate Buy” and a consensus price target of $36.50.

D-Wave Quantum News Roundup

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

• Positive Sentiment: Material bookings and enterprise traction — Management reported Q4 bookings of $13.4M (big sequential jump) and said January bookings topped $30M; the company also disclosed large Advantage2 system sales and institutional contracts that underpin future revenue upside. MarketBeat: Despite a Double Miss
• Positive Sentiment: Strong cash runway following the Quantum Circuits acquisition — D-Wave finished the period with roughly $885M in cash & marketable securities even after the acquisition and cash outlays, which reduces near-term financing risk while the company invests in R&D and go-to-market. MarketBeat: Cash Position
• Neutral Sentiment: Full earnings materials and call transcripts are available for investors who want details on bookings composition, margin outlook and integration plans; the call provides color but no immediate catalytic guidance. Earnings Call Transcript
• Neutral Sentiment: Analysts remain largely constructive but are resetting targets — several firms kept buy/outperform ratings while trimming targets, leaving consensus upside but lowering near-term sentiment. Benzinga: Analyst Coverage
• Negative Sentiment: Double miss on the quarter — reported EPS missed estimates (wider loss than expected) and revenue of $2.75M came in below consensus, highlighting that current monetization remains small and lumpy. Zacks: Q4 Earnings Miss
• Negative Sentiment: Post-earnings price-target cuts and investor rotation pressured the rally — several firms trimmed targets (examples: Needham, Mizuho, Roth) and media noted an initial pop that faded as analysts lowered targets and investors weighed long-term promise versus weak near-term results. The Motley Fool: Reaction

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.