NewEdge Advisors LLC Acquires 32,887 Shares of D-Wave Quantum Inc. $QBTS

NewEdge Advisors LLC raised its holdings in D-Wave Quantum Inc. (NASDAQ:QBTS) by 66.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 82,356 shares of the company’s stock after acquiring an additional 32,887 shares during the quarter. NewEdge Advisors LLC’s holdings in D-Wave Quantum were worth $1,976,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Root Financial Partners LLC increased its position in shares of D-Wave Quantum by 388.0% in the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after acquiring an additional 776 shares during the last quarter. Fiduciary Financial Advisors acquired a new position in D-Wave Quantum during the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its stake in D-Wave Quantum by 267.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock valued at $30,000 after purchasing an additional 838 shares in the last quarter. Ancora Advisors LLC bought a new position in D-Wave Quantum in the second quarter valued at approximately $39,000. Finally, Kelleher Financial Advisors acquired a new position in shares of D-Wave Quantum during the 2nd quarter worth approximately $39,000. 42.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other D-Wave Quantum news, VP Sophie Ames sold 3,070 shares of the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $16.95, for a total transaction of $52,036.50. Following the sale, the vice president directly owned 589,009 shares in the company, valued at $9,983,702.55. This represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen raised D-Wave Quantum from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Mizuho increased their price target on shares of D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Zacks Research downgraded shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Weiss Ratings upgraded shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 28th. Finally, Stifel Nicolaus set a $35.00 target price on shares of D-Wave Quantum in a report on Tuesday, June 2nd. Thirteen 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, D-Wave Quantum presently has an average rating of “Moderate Buy” and a consensus price target of $36.27.

D-Wave Quantum Trading Down 3.3%

Shares of QBTS stock opened at $17.11 on Friday. The stock has a market cap of $6.33 billion, a P/E ratio of -24.10 and a beta of 2.15. D-Wave Quantum Inc. has a 1 year low of $12.75 and a 1 year high of $46.75. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $18.26 and a 200 day simple moving average of $19.91.

D-Wave Quantum (NASDAQ:QBTS) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The company had revenue of $3.08 million during the quarter, compared to analyst estimates 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%. D-Wave Quantum’s revenue was down 0.6 on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) earnings per share. On average, research analysts predict that D-Wave Quantum Inc. will post -0.46 earnings per share for the current fiscal year.

Key D-Wave Quantum News

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

• Positive Sentiment: Quantum-computing stocks attracted broad investor buying after IonQ and NVIDIA reported progress in reducing quantum-circuit compilation times. D-Wave benefited as investors treated the sector as a momentum trade rather than focusing solely on near-term fundamentals. IonQ Climbs 9% on Quantum Optimization Work With NVIDIA; D-Wave Rises 8%, Rigetti Gains 7%
• Positive Sentiment: D-Wave’s planned Qubits Asia 2026 conference in Seoul will showcase customer applications and the company’s growing Asia-Pacific presence. The event may support investor optimism about commercial adoption, although it does not immediately change financial results. D-Wave to Host Qubits Asia 2026 Quantum Computing User Conference in Seoul
• Positive Sentiment: The company’s recently finalized agreement providing access to up to $100 million under the CHIPS and Science Act remains a longer-term catalyst. The funding is intended to advance large-scale annealing and gate-model systems, including planned 100,000-qubit and 10,000-qubit platforms.
• Neutral Sentiment: Institutional activity is mixed: 356 investors added QBTS shares in the latest reporting period, while 236 reduced positions. Large additions by Norges Bank, BlackRock and JPMorgan contrast with sizable reductions by other funds, offering no clear consensus signal.
• Negative Sentiment: Kessler Topaz Meltzer & Check said it is investigating potential federal-securities-law violations on behalf of investors who suffered losses. The announcement follows a similar investigation by Pomerantz; neither notice establishes wrongdoing by D-Wave. Kessler Topaz investor investigation
• Negative Sentiment: Reports also point to CFO John Markovich’s exit and the ongoing legal probes, increasing uncertainty around management continuity and potential disclosure issues. What Is D Wave Quantum Facing After CFO Exit And Legal Probes?
• Negative Sentiment: Insider trading data shows no reported insider purchases and 15 sales over the past six months, including sales by the CEO and CFO. Heavy insider selling can weigh on sentiment, even though sales may reflect compensation or personal financial planning.
• Negative Sentiment: D-Wave remains financially unprofitable, recently missing revenue and EPS expectations. Against that backdrop, its roughly $6.3 billion market capitalization and negative earnings leave QBTS vulnerable to profit-taking when speculative enthusiasm fades.

D-Wave Quantum Company Profile

D-Wave Quantum Inc develops quantum computing systems, software, and services for commercial, government, and research customers. The company is best known for its quantum annealing technology, which is designed to help solve complex optimization problems involving areas such as logistics, scheduling, manufacturing, artificial intelligence, and financial modeling.

D-Wave also develops gate-model quantum computing technology and provides access to its systems through cloud-based services, including the Leap quantum application environment.