D-Wave Quantum (NYSE:QBTS) Trading Down 8.6% – Time to Sell?

D-Wave Quantum Inc. (NYSE:QBTS)’s stock price was down 8.6% during trading on Friday . The company traded as low as $20.20 and last traded at $20.2350. Approximately 23,630,714 shares traded hands during trading, a decline of 20% from the average daily volume of 29,631,393 shares. The stock had previously closed at $22.13.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: Analysts remain broadly supportive, with recent coverage including Buy/Overweight-style ratings from firms such as Cantor Fitzgerald, Needham, and Rosenblatt, which helps reinforce the bullish long-term case for QBTS.
• Positive Sentiment: Recent commentary highlighted record US$33.4 million bookings in Q1, suggesting demand for D-Wave’s quantum systems and services may be improving even though reported revenue was modest.
• Positive Sentiment: The company is also getting attention from investors focused on quantum computing momentum, helped by its upcoming Qubits Europe 2026 user conference, which could support customer engagement and industry visibility.
• Neutral Sentiment: A recent article noted that billionaire investor Israel Englander’s Millennium Management bought a large QBTS stake in late 2024, underscoring institutional interest, but this is more of a long-term sentiment signal than a near-term catalyst.
• Negative Sentiment: Despite those positives, the quantum computing sector sold off in unison on Friday, with QBTS declining alongside peers like IonQ, Rigetti, and Quantum Computing Inc., pointing to sector-wide risk-off trading rather than company-specific news.
• Negative Sentiment: Investors also remain focused on QBTS’s mixed Q1 report: revenue missed expectations and sales fell sharply year over year, which keeps pressure on the stock even as bookings improved.
• Negative Sentiment: One analyst group reportedly cut its price target, reinforcing concerns that valuation may still be stretched relative to near-term fundamentals.

Wall Street Analysts Forecast Growth

A number of equities research analysts have 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. Roth Mkm reduced their price target on D-Wave Quantum from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Wall Street Zen lowered D-Wave Quantum from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $40.00 price target on shares of D-Wave Quantum in a research note on Wednesday. Finally, 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 Wednesday. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.67.

D-Wave Quantum Trading Down 8.6%

The company 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 simple moving average of $18.03 and a two-hundred day simple moving average of $22.66. The company has a current ratio of 42.38, a quick ratio of 42.25 and a debt-to-equity ratio of 0.04.

D-Wave Quantum (NYSE:QBTS) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. D-Wave Quantum had a negative return on equity of 49.80% and a negative net margin of 2,957.23%.The company had revenue of $2.86 million for the quarter, compared to analyst estimates of $4.19 million. During the same quarter in the prior year, the company posted ($0.02) EPS. The business’s revenue for the quarter was down 80.9% compared to the same quarter last year. On average, analysts forecast that D-Wave Quantum Inc. will post -0.44 EPS for the current fiscal year.

Insider Transactions at D-Wave Quantum

In other D-Wave Quantum news, Director John D. Dilullo sold 8,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $18.01, for a total value of $144,080.00. Following the transaction, the director directly owned 19,803 shares of the company’s stock, valued at $356,652.03. This trade represents a 28.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John M. Markovich sold 10,706 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $17.63, for a total value of $188,746.78. Following the completion of the transaction, the chief financial officer directly owned 1,451,427 shares in the company, valued at $25,588,658.01. This trade represents a 0.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 31,776 shares of company stock worth $574,571 in the last three months. 3.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank raised its position in D-Wave Quantum by 17.9% in the third quarter. Huntington National Bank now owns 3,300 shares of the company’s stock valued at $82,000 after purchasing an additional 500 shares during the period. Sigma Planning Corp grew its stake in shares of D-Wave Quantum by 3.6% during the fourth quarter. Sigma Planning Corp now owns 16,329 shares of the company’s stock valued at $431,000 after acquiring an additional 560 shares in the last quarter. AlphaStar Capital Management LLC grew its stake in shares of D-Wave Quantum by 2.2% during the fourth quarter. AlphaStar Capital Management LLC now owns 27,063 shares of the company’s stock valued at $708,000 after acquiring an additional 592 shares in the last quarter. Noble Wealth Management PBC grew its stake in shares of D-Wave Quantum by 6.7% during the fourth quarter. Noble Wealth Management PBC now owns 9,600 shares of the company’s stock valued at $251,000 after acquiring an additional 600 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew its stake in shares of D-Wave Quantum by 0.5% during the fourth quarter. Thoroughbred Financial Services LLC now owns 131,852 shares of the company’s stock valued at $3,447,000 after acquiring an additional 602 shares in the last quarter. 42.47% of the stock is owned by hedge funds and other 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.