D-Wave Quantum (NASDAQ:QBTS) Shares Down 1.4% – What’s Next?

D-Wave Quantum Inc. (NASDAQ:QBTS) fell 1.4% during trading on Monday . The stock traded as low as $20.19 and last traded at $20.87. Approximately 10,029,012 shares traded hands during trading, a decline of 66% from the average daily volume of 29,165,053 shares. The stock had previously closed at $21.17.

More D-Wave Quantum News

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

• Positive Sentiment: Repeat production deployment by NTT DOCOMO strengthens commercial validation. Japan’s largest mobile operator deployed a second D-Wave-powered quantum application in production, using the technology for network-operations optimization. A second real-world deployment supports D-Wave’s case that its systems can deliver practical benefits beyond research projects. D-Wave Technology Drives NTT DOCOMO’s Second Production Quantum Application in Network Operations
• Positive Sentiment: D-Wave is receiving increased attention as a U.S.-China technology-race investment. Analysts and financial media included D-Wave among a small group of AI and quantum stocks positioned to benefit from rising strategic investment in advanced computing. The coverage may improve investor visibility, although it does not represent a new contract or financial forecast. U.S.-China 2026 Tech Race: 2 AI Stocks & 2 Quantum Stocks to Watch
• Neutral Sentiment: The appointment of Kevan P. Krysler adds technology-finance experience. His addition to the board and audit committee could support governance and financial oversight, but the announcement is unlikely to materially change near-term earnings. D-Wave Appoints Kevan P. Krysler to Board of Directors and Audit Committee
• Positive Sentiment: Financial-crime detection efforts broaden D-Wave’s commercial pipeline. Its collaboration with Nasdaq Verafin targets quantum applications for banking risk and compliance, providing another potential enterprise use case beyond network optimization. What Could D Wave Quantum Gain From Its Financial Crime Detection Push?
• Negative Sentiment: Investors remain focused on weak financial performance and the need for repeatable revenue. Recent results missed consensus estimates for both earnings and revenue, while the company continues to report substantial losses. Commentary also highlighted the need for more customers, recurring revenue and progress toward profitability. Competitive developments from other quantum companies add to the uncertainty. D-Wave Has Momentum—What Does It Need to Keep It Going?

Analyst Ratings Changes

A number of brokerages recently issued reports on QBTS. Cantor Fitzgerald reissued an “overweight” rating and issued a $40.00 price objective on shares of D-Wave Quantum in a report on Wednesday, May 13th. B. Riley Financial lifted their target price on shares of D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Wedbush started coverage on shares of D-Wave Quantum in a report on Monday, August 3rd. They issued an “outperform” rating and a $40.00 target price on the stock. Benchmark began coverage on shares of D-Wave Quantum in a research note on Monday, July 27th. They issued a “buy” rating and a $30.00 price target for the company. Finally, Zacks Research upgraded shares of D-Wave Quantum from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, D-Wave Quantum currently has a consensus rating of “Moderate Buy” and an average price target of $36.36.

D-Wave Quantum Price Performance

The company has a market capitalization of $7.22 billion, a PE ratio of -27.51 and a beta of 2.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 20.55 and a quick ratio of 20.42. The stock’s 50 day simple moving average is $20.86 and its 200-day simple moving average is $20.28.

D-Wave Quantum (NASDAQ:QBTS) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The business had revenue of $3.08 million during the quarter, compared to analysts’ expectations of $4.03 million. D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. The company’s revenue for the quarter was down 0.6 compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) EPS. As a group, equities analysts forecast that D-Wave Quantum Inc. will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other D-Wave Quantum news, CFO John M. Markovich sold 328,752 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $27.70, for a total value of $9,106,430.40. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Sophie C. Ames sold 3,070 shares of D-Wave Quantum stock in a transaction on Monday, July 20th. The shares were sold at an average price of $16.95, for a total value of $52,036.50. Following the completion of the transaction, the vice president owned 589,009 shares of the company’s stock, valued at approximately $9,983,702.55. This trade represents a 0.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,340,817 shares of company stock worth $35,352,133 over the last three months. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On D-Wave Quantum

A number of hedge funds and other institutional investors have recently modified their holdings of QBTS. World Investment Advisors grew its position in D-Wave Quantum by 195.7% during the 4th quarter. World Investment Advisors now owns 41,691 shares of the company’s stock worth $1,090,000 after purchasing an additional 27,592 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of D-Wave Quantum by 319.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 98,747 shares of the company’s stock worth $1,353,000 after buying an additional 75,198 shares during the last quarter. Clear Street Group Inc. increased its position in D-Wave Quantum by 40.4% in the 4th quarter. Clear Street Group Inc. now owns 4,281,254 shares of the company’s stock valued at $111,955,000 after acquiring an additional 1,232,106 shares during the period. Cibc World Market Inc. raised its stake in D-Wave Quantum by 295.0% during the 4th quarter. Cibc World Market Inc. now owns 54,760 shares of the company’s stock valued at $1,432,000 after acquiring an additional 40,897 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in D-Wave Quantum during the 4th quarter worth approximately $1,185,000. 42.47% of the stock is currently owned by institutional investors and hedge funds.

D-Wave Quantum Company 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.