Altshuler Shaham Ltd Buys Shares of 38,500 D-Wave Quantum Inc. $QBTS

Altshuler Shaham Ltd bought a new stake in shares of D-Wave Quantum Inc. (NYSE:QBTS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 38,500 shares of the company’s stock, valued at approximately $1,007,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Guggenheim Capital LLC purchased a new stake in D-Wave Quantum during the fourth quarter valued at approximately $353,000. Schonfeld Strategic Advisors LLC purchased a new stake in D-Wave Quantum during the fourth quarter valued at approximately $753,000. AQR Capital Management LLC increased its holdings in D-Wave Quantum by 55.0% during the fourth quarter. AQR Capital Management LLC now owns 314,156 shares of the company’s stock valued at $8,215,000 after buying an additional 111,446 shares during the last quarter. Abel Hall LLC bought a new position in shares of D-Wave Quantum in the fourth quarter worth approximately $472,000. Finally, EFG International AG bought a new position in shares of D-Wave Quantum in the fourth quarter worth approximately $1,302,000. 42.47% of the stock is owned by hedge funds and other institutional investors.

More D-Wave Quantum News

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

• Positive Sentiment: Recent analyst commentary remains supportive, with Mizuho reportedly raising its price target after D-Wave’s analyst day and roadmap updates, reinforcing optimism around the company’s long-term quantum strategy. Article Title
• Positive Sentiment: Earlier in the week, commentary highlighted D-Wave’s gate-model roadmap and commercialization efforts, which helped fuel bullish sentiment around the stock’s growth potential. Article Title
• Neutral Sentiment: Some investors continue to frame QBTS as a leader in pure-play quantum computing, but the stock’s premium valuation means expectations are already elevated. Article Title
• Neutral Sentiment: Analysts are still debating whether D-Wave can defend its position against larger and faster-growing rivals, keeping the focus on competitive execution rather than near-term fundamentals. Article Title
• Negative Sentiment: The broader quantum sector reversed part of its earlier surge, with D-Wave pulled lower as traders took profits after the recent run-up. Article Title
• Negative Sentiment: New SEC filings showed CFO John M. Markovich and Director Rohit Ghai sold shares, which can weigh on sentiment even though the sales were reportedly tied to tax withholding and a 10b5-1 plan. Article Title

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on QBTS shares. Stifel Nicolaus set a $35.00 price target on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Roth Mkm upped their price target on shares of D-Wave Quantum from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Canaccord Genuity Group dropped their price target on shares of D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Finally, B. Riley Financial upped their price target on shares of D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. 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. Based on data from MarketBeat.com, D-Wave Quantum currently has a consensus rating of “Moderate Buy” and an average target price of $36.80.

D-Wave Quantum Price Performance

QBTS stock opened at $22.94 on Thursday. D-Wave Quantum Inc. has a 52 week low of $12.75 and a 52 week high of $46.75. The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $22.31 and a two-hundred day simple moving average of $22.31. The firm has a market capitalization of $8.49 billion, a P/E ratio of -20.30 and a beta of 2.05.

D-Wave Quantum (NYSE:QBTS) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. The business had revenue of $2.86 million during the quarter, compared to analyst estimates of $4.19 million. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. D-Wave Quantum’s quarterly revenue was down 80.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.02) earnings per share. Analysts anticipate that D-Wave Quantum Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Activity

In other news, Director John D. Dilullo sold 7,850 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $24.43, for a total value of $191,775.50. Following the completion of the sale, the director owned 21,310 shares in the company, valued at approximately $520,603.30. This trade represents a 26.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Markovich sold 328,752 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $27.70, for a total transaction of $9,106,430.40. Following the completion of the sale, the chief financial officer owned 1,442,820 shares of the company’s stock, valued at $39,966,114. This trade represents a 18.56% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,363,842 shares of company stock worth $35,802,656. Company insiders own 1.30% of the company’s stock.

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.