D-Wave Quantum Target of Unusually Large Options Trading (NYSE:QBTS)

D-Wave Quantum Inc. (NYSE:QBTS) saw some unusual options trading on Wednesday. Stock traders acquired 109,771 call options on the stock. This is an increase of approximately 94% compared to the typical daily volume of 56,624 call options.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: Sector tailwinds: Nvidia’s release of open?source quantum AI models lifted sentiment for quantum names, creating a favorable backdrop for QBTS. Quantum stocks surge as Nvidia launches new AI models
• Positive Sentiment: IonQ and peers rallying: Strong moves in IonQ and other pure?play quantum stocks helped lift D?Wave as the sector staged back?to?back rallies. IonQ Surges 10%, D-Wave Jumps 9%
• Positive Sentiment: Company fundamentals/playlist: Investors are refocusing on D?Wave’s recent operational momentum — strong 2025 revenue growth, accelerating bookings and the Quantum Circuits acquisition that supports a dual?platform strategy. That narrative has been credited for recent sharp rallies. D-Wave Quantum jumps 15.9% as investors refocus on recent bookings
• Positive Sentiment: Event-driven lift: Short?term bullish momentum was also tied to CEO summit anticipation and product/roadmap events that can generate headlines and flows. D-Wave Quantum (QBTS) Surges Nearly 13% on CEO Summit Anticipation
• Positive Sentiment: Options flow: Unusual activity — ~109,771 calls bought (roughly +94% vs. average) — suggests speculative bullish positioning that can amplify upward moves.
• Neutral Sentiment: Analyst and media attention: Recent analyst coverage and favorable price targets (median in many summaries near $40) add visibility but don’t guarantee sustained gains. QBTS Builds Early 2026 Momentum on Bookings, Deals and Acquisition
• Neutral Sentiment: High volume/volatility: Trading has been much heavier than average, so intraday moves may be amplified by momentum flows and options hedging rather than only fundamentals.
• Negative Sentiment: Insider selling: Significant insider sales have been reported (multiple executives sold stock), which some investors view as a caution on timing/valuation. Insider trading and institutional moves summarized
• Negative Sentiment: Valuation and skepticism: Critical pieces warn that D?Wave still trades at high multiples for a company with modest revenue to date, leaving the stock vulnerable if execution or bookings disappoint. D-Wave Quantum: Extreme Valuation Meets Execution Reality

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Zacks Research downgraded D-Wave Quantum from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. Wedbush assumed coverage on D-Wave Quantum in a report on Wednesday, December 17th. They set an “outperform” rating and a $35.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of D-Wave Quantum in a report on Friday, March 27th. Mizuho cut their target price on D-Wave Quantum from $46.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Finally, Canaccord Genuity Group set a $43.00 target price on D-Wave Quantum in a report on Thursday, January 29th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.50.

D-Wave Quantum Stock Up 22.5%

Shares of NYSE:QBTS opened at $20.78 on Thursday. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of -18.89 and a beta of 1.78. The company has a debt-to-equity ratio of 0.04, a current ratio of 42.38 and a quick ratio of 42.25. The business’s 50-day moving average is $17.33 and its 200-day moving average is $24.43. D-Wave Quantum has a 1 year low of $5.97 and a 1 year high of $46.75.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.09) earnings per share (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 analyst estimates of $3.74 million. D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 58.58%. D-Wave Quantum’s revenue for the quarter was up 21.7% on a year-over-year basis. Equities research analysts predict that D-Wave Quantum will post -0.41 earnings per share for the current year.

Insider Activity at D-Wave Quantum

In other D-Wave Quantum news, Director Rohit Ghai sold 10,000 shares of D-Wave Quantum stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $17.62, for a total transaction of $176,200.00. Following the transaction, the director directly owned 27,778 shares of the company’s stock, valued at approximately $489,448.36. The trade was a 26.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John M. Markovich sold 10,706 shares of D-Wave Quantum stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $17.63, for a total value of $188,746.78. Following the transaction, the chief financial officer directly owned 1,451,427 shares in the company, valued at $25,588,658.01. The trade was a 0.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,706 shares of company stock valued at $509,027 in the last 90 days. 3.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nations Financial Group Inc. IA ADV lifted its stake in shares of D-Wave Quantum by 5.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 21,773 shares of the company’s stock valued at $314,000 after purchasing an additional 1,152 shares during the period. Hsbc Holdings PLC lifted its stake in shares of D-Wave Quantum by 78.0% in the 4th quarter. Hsbc Holdings PLC now owns 17,182 shares of the company’s stock valued at $452,000 after purchasing an additional 7,530 shares during the period. World Investment Advisors lifted its stake in shares of D-Wave Quantum by 195.7% in the 4th quarter. World Investment Advisors now owns 41,691 shares of the company’s stock valued at $1,090,000 after purchasing an additional 27,592 shares during the period. Corient Private Wealth LLC lifted its stake in shares of D-Wave Quantum by 25.8% in the 4th quarter. Corient Private Wealth LLC now owns 30,797 shares of the company’s stock valued at $805,000 after purchasing an additional 6,319 shares during the period. Finally, Tulsa Wealth Advisors INC bought a new stake in D-Wave Quantum in the 4th quarter valued at about $248,000. 42.47% of the stock is owned by institutional investors and hedge funds.

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.