D-Wave Quantum (NYSE:QBTS) Trading Down 6% Following Insider Selling

D-Wave Quantum Inc. (NYSE:QBTS)’s stock price traded down 6% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $20.28 and last traded at $20.3690. 36,855,998 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 30,306,703 shares. The stock had previously closed at $21.66.

Specifically, VP Sophie C. Ames sold 3,070 shares of D-Wave Quantum stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $21.35, for a total value of $65,544.50. Following the completion of the transaction, the vice president directly owned 643,678 shares of the company’s stock, valued at approximately $13,742,525.30. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Rosenblatt Securities restated a “buy” rating and set a $43.00 target price on shares of D-Wave Quantum in a research report on Wednesday, January 28th. Benchmark reissued a “buy” rating and issued a $35.00 price target on shares of D-Wave Quantum in a research note on Friday, January 23rd. Wall Street Zen cut D-Wave Quantum from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Northland Securities started coverage on shares of D-Wave Quantum in a research report on Monday. They set a “market perform” rating and a $22.00 price objective for the company. Finally, Roth Mkm lowered their price objective on shares of D-Wave Quantum from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Fourteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, D-Wave Quantum presently has an average rating of “Moderate Buy” and a consensus target price of $35.53.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: D?Wave says Advantage2 is driving scaled optimization workloads, rising revenue, bookings and real?world customer use cases — a business development that supports longer?term revenue growth expectations. Read More.
• Positive Sentiment: Broader sector tailwinds from NVIDIA’s quantum?AI push have lifted investor interest in quantum names, creating momentum that benefits D?Wave’s sentiment and valuation compared with peers. Read More.
• Positive Sentiment: Analyst coverage remains largely constructive (many Buy ratings and a consensus price target well above current levels), which supports upside potential if execution continues.
• Neutral Sentiment: D?Wave will report FY2026 Q1 results on May 12 (pre?market); this upcoming report is an immediate catalyst investors will watch for revenue, backlog and guidance detail. Read More.
• Neutral Sentiment: Northland initiated coverage at “market perform” with a ~$22 target — informative but not decisive given the mix of higher and lower analyst targets. Read More.
• Negative Sentiment: Earlier earnings showed a miss (EPS and revenue below estimates) and shares pulled back after that print; lingering skepticism about near?term profitability and pace of commercial adoption is pressuring the stock. Read More.
• Negative Sentiment: Insider selling was reported (VP Sophie Ames sold ~3,070 shares under a 10b5?1 plan). The sale is small and pre?arranged, but contributes to negative headlines that can amplify short?term selling pressure. Read More.
• Negative Sentiment: Profit?taking after the post?NVIDIA rally plus a registered resale overhang from recent transactions are increasing volatility and weighting on the stock in the near term. Read More.

D-Wave Quantum Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 42.25 and a current ratio of 42.38. The company’s 50 day moving average price is $17.47 and its 200-day moving average price is $24.21. The stock has a market cap of $7.14 billion, a P/E ratio of -17.55 and a beta of 1.78.

D-Wave Quantum (NYSE:QBTS) last issued 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). D-Wave Quantum had a negative return on equity of 58.58% and a negative net margin of 1,444.10%.The firm had revenue of $2.75 million during the quarter, compared to the consensus estimate of $3.74 million. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. Equities analysts forecast that D-Wave Quantum Inc. will post -0.35 EPS for the current fiscal year.

Institutional Trading of D-Wave Quantum

Hedge funds have recently bought and sold shares of the business. Baird Financial Group Inc. grew its stake in D-Wave Quantum by 12.0% in the 1st quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock valued at $92,000 after purchasing an additional 1,300 shares during the period. Royal Bank of Canada raised its stake in shares of D-Wave Quantum by 59.8% during the 1st quarter. Royal Bank of Canada now owns 162,088 shares of the company’s stock worth $1,231,000 after purchasing an additional 60,668 shares during the period. AQR Capital Management LLC boosted its holdings in shares of D-Wave Quantum by 201.0% in the 1st quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock worth $1,526,000 after buying an additional 134,066 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of D-Wave Quantum by 93.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock worth $825,000 after buying an additional 52,437 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in D-Wave Quantum by 125.7% during the first quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock valued at $333,000 after buying an additional 24,382 shares during the period. 42.47% of the stock is currently owned by institutional investors.

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.