World Investment Advisors Has $1.09 Million Stock Position in D-Wave Quantum Inc. $QBTS

World Investment Advisors lifted its stake in D-Wave Quantum Inc. (NYSE:QBTS) by 195.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 41,691 shares of the company’s stock after buying an additional 27,592 shares during the period. World Investment Advisors’ holdings in D-Wave Quantum were worth $1,090,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of D-Wave Quantum by 32.8% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 35,200 shares of the company’s stock valued at $920,000 after acquiring an additional 8,700 shares during the last quarter. Money Concepts Capital Corp acquired a new stake in shares of D-Wave Quantum in the fourth quarter valued at about $1,327,000. Fortem Financial Group LLC acquired a new stake in shares of D-Wave Quantum in the fourth quarter valued at about $219,000. Swiss Life Asset Management Ltd increased its position in shares of D-Wave Quantum by 17.3% in the fourth quarter. Swiss Life Asset Management Ltd now owns 16,374 shares of the company’s stock valued at $428,000 after acquiring an additional 2,417 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of D-Wave Quantum in the fourth quarter valued at about $356,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

D-Wave Quantum Trading Down 0.6%

Shares of NYSE:QBTS opened at $20.24 on Monday. D-Wave Quantum Inc. has a 12-month low of $11.32 and a 12-month high of $46.75. The stock has a market cap of $7.49 billion, a PE ratio of -17.91 and a beta of 1.95. The business has a 50 day moving average of $18.05 and a 200-day moving average of $22.56. 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 issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.The company had revenue of $2.86 million during the quarter, compared to analysts’ expectations of $4.19 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The business’s revenue was down 80.9% on a year-over-year basis. As a group, equities research analysts forecast that D-Wave Quantum Inc. will post -0.44 earnings per share for the current year.

Insider Transactions at D-Wave Quantum

In other news, VP Sophie C. Ames sold 3,070 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $21.35, for a total transaction of $65,544.50. Following the completion of the sale, the vice president owned 643,678 shares in the company, valued at $13,742,525.30. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Dilullo sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $18.01, for a total value of $144,080.00. Following the sale, the director owned 19,803 shares of the company’s stock, valued at approximately $356,652.03. This represents a 28.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 31,776 shares of company stock worth $574,571. Insiders own 3.20% of the company’s stock.

D-Wave Quantum News Roundup

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

• Positive Sentiment: Several firms reiterated bullish views on QBTS, including Buy or Overweight ratings from Cantor Fitzgerald, Canaccord Genuity, Needham and Rosenblatt, signaling that analysts still see long-term upside. Article Title
• Positive Sentiment: The company’s Q1 update showed record bookings of $33.4 million, which suggests demand for its quantum systems and services remains strong even though revenue was lower than expected. Article Title
• Neutral Sentiment: Coverage this week highlighted D-Wave as a closely watched name in the quantum-computing trade, with investors debating whether recent weakness is a buying opportunity after the Q1 reaction. Article Title
• Negative Sentiment: QBTS is being hit by a sector-wide selloff in quantum stocks, which is overshadowing company-specific positives and dragging shares lower alongside peers. Article Title
• Negative Sentiment: Investors are still weighing weak top-line results from Q1, including revenue of $2.86 million, which keeps questions alive about near-term profitability and execution. Article Title

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on QBTS shares. Weiss Ratings cut D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of D-Wave Quantum in a report on Wednesday, May 13th. Cantor Fitzgerald reiterated an “overweight” rating and set a $40.00 price target on shares of D-Wave Quantum in a report on Wednesday, May 13th. Canaccord Genuity Group reduced their price target on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Zacks Research upgraded D-Wave Quantum from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Fourteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, D-Wave Quantum presently has an average rating of “Moderate Buy” and a consensus target price of $34.67.

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.