Clear Street Group Inc. Buys 1,232,106 Shares of D-Wave Quantum Inc. $QBTS

Clear Street Group Inc. grew its stake in shares of D-Wave Quantum Inc. (NYSE:QBTS) by 40.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,281,254 shares of the company’s stock after buying an additional 1,232,106 shares during the period. D-Wave Quantum makes up 0.4% of Clear Street Group Inc.’s investment portfolio, making the stock its 17th biggest holding. Clear Street Group Inc.’s holdings in D-Wave Quantum were worth $111,955,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in QBTS. CreativeOne Wealth LLC bought a new position in D-Wave Quantum during the fourth quarter valued at about $307,000. Kestra Advisory Services LLC lifted its position in shares of D-Wave Quantum by 37.7% in the 4th quarter. Kestra Advisory Services LLC now owns 262,157 shares of the company’s stock worth $6,855,000 after acquiring an additional 71,821 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of D-Wave Quantum by 144.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,270 shares of the company’s stock worth $33,000 after purchasing an additional 750 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of D-Wave Quantum by 5.0% during the 4th quarter. Stifel Financial Corp now owns 400,246 shares of the company’s stock worth $10,466,000 after purchasing an additional 19,028 shares in the last quarter. Finally, Commerce Bank increased its position in shares of D-Wave Quantum by 26.5% during the fourth quarter. Commerce Bank now owns 10,385 shares of the company’s stock valued at $272,000 after purchasing an additional 2,175 shares during the period. Institutional investors own 42.47% of the company’s stock.

Insider Buying and Selling

In related news, VP Sophie C. Ames sold 23,025 shares of D-Wave Quantum stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $18.98, for a total transaction of $437,014.50. Following the completion of the transaction, the vice president directly owned 596,803 shares of the company’s stock, valued at $11,327,320.94. This trade represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Markovich sold 50,979 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $26.24, for a total transaction of $1,337,688.96. Following the completion of the transaction, the chief financial officer owned 1,388,933 shares in the company, valued at approximately $36,445,601.92. This trade represents a 3.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,114,281 shares of company stock worth $29,374,353 in the last three months. Company insiders own 1.30% of the company’s stock.

D-Wave Quantum News Roundup

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

• Positive Sentiment: D-Wave is pushing deeper into new commercial use cases, including a live quantum-classical testnet with Postquant Labs and reported early gains in drug discovery work with Shionogi, which supports the bull case for longer-term revenue growth. Are AI and Blockchain Shaping D-Wave’s Next Growth Phase?
• Positive Sentiment: Analysts remain constructive, with Rosenblatt reaffirming a Buy rating and a $43 price target, suggesting Wall Street still sees meaningful upside from current levels. D-Wave Quantum (QBTS) Stock Valuation Gap Weighs Long-Term Momentum Against Recent Weakness
• Positive Sentiment: Broader coverage around governments accelerating quantum spending and enterprise adoption is keeping attention on the sector and could help sentiment toward quantum leaders like QBTS. The Quantum Race Is Heating Up, and Governments Worldwide Are Buying In
• Neutral Sentiment: CEO Alan Baratz discussed D-Wave’s quantum roadmap and enterprise adoption on NYSE Live, reinforcing the company’s long-term narrative but without a clear near-term financial catalyst. D-Wave CEO Dr. Alan Baratz Details the Quantum Roadmap and Enterprise Adoption
• Negative Sentiment: Insider selling is pressuring sentiment, especially after a large sale by CEO Alan Baratz and additional sales disclosed by CFO John Markovich, which may make investors question near-term confidence. Alan Baratz Sells 687,627 Shares of D-Wave Quantum (NYSE:QBTS) Stock
• Negative Sentiment: Commentary also points to a stretched valuation after the stock’s big run, with some investors wary that recent gains already price in a lot of future quantum optimism. D-Wave Quantum (QBTS) Stock Valuation Gap Weighs Long-Term Momentum Against Recent Weakness

D-Wave Quantum Price Performance

D-Wave Quantum stock opened at $23.40 on Friday. The business has a 50 day simple moving average of $21.71 and a 200 day simple moving average of $22.27. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31. The company has a market capitalization of $8.66 billion, a PE ratio of -20.71 and a beta of 2.05. D-Wave Quantum Inc. has a one year low of $12.75 and a one year high of $46.75.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, beating 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 firm had revenue of $2.86 million for the quarter, compared to analysts’ expectations of $4.19 million. During the same period in the prior year, the business posted ($0.02) earnings per share. The business’s revenue was down 80.9% compared to the same quarter last year. On average, sell-side analysts forecast that D-Wave Quantum Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on QBTS. Jefferies Financial Group reaffirmed a “buy” rating on shares of D-Wave Quantum in a research report on Tuesday, May 12th. Zacks Research raised shares of D-Wave Quantum from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Roth Mkm increased their price objective on shares of D-Wave Quantum from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. B. Riley Financial raised their price objective on shares of D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Finally, Northland Securities assumed coverage on shares of D-Wave Quantum in a research report on Monday, April 20th. They set a “market perform” rating and a $22.00 target price on the stock. Fourteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.40.

D-Wave Quantum Profile

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.