Mitsubishi UFJ Asset Management Co. Ltd. Invests $1.11 Million in D-Wave Quantum Inc. $QBTS

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of D-Wave Quantum Inc. (NYSE:QBTS) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 39,400 shares of the company’s stock, valued at approximately $1,108,000.

Several other hedge funds have also recently made changes to their positions in QBTS. Vanguard Group Inc. raised its stake in D-Wave Quantum by 41.2% in the 3rd quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock worth $950,220,000 after acquiring an additional 11,218,255 shares during the last quarter. UBS Group AG grew its stake in D-Wave Quantum by 541.6% during the 3rd quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock valued at $298,737,000 after purchasing an additional 10,205,427 shares during the last quarter. State Street Corp increased its holdings in shares of D-Wave Quantum by 41.3% in the second quarter. State Street Corp now owns 6,648,395 shares of the company’s stock valued at $97,333,000 after purchasing an additional 1,941,762 shares during the period. Clear Street Group Inc. acquired a new position in shares of D-Wave Quantum in the third quarter valued at about $75,344,000. Finally, Northern Trust Corp raised its stake in shares of D-Wave Quantum by 17.1% in the third quarter. Northern Trust Corp now owns 2,792,035 shares of the company’s stock worth $68,991,000 after purchasing an additional 407,727 shares during the last quarter. 42.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

QBTS has been the topic of several research reports. TD Cowen initiated coverage on shares of D-Wave Quantum in a report on Thursday, February 12th. They issued a “buy” rating on the stock. Weiss Ratings downgraded shares of D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Jefferies Financial Group reiterated a “buy” rating on shares of D-Wave Quantum in a research note on Tuesday. Needham & Company LLC reduced their target price on shares of D-Wave Quantum from $48.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Rosenblatt Securities restated a “buy” rating and set a $43.00 target price on shares of D-Wave Quantum in a research report on Wednesday, January 28th. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, D-Wave Quantum has an average rating of “Moderate Buy” and a consensus price target of $35.53.

Insider Activity

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

D-Wave Quantum Trading Down 6.9%

Shares of NYSE:QBTS opened at $22.38 on Wednesday. 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 Inc. has a 12-month low of $10.36 and a 12-month high of $46.75. The business has a 50 day moving average of $17.90 and a two-hundred day moving average of $22.80. The company has a market capitalization of $8.28 billion, a PE ratio of -20.35 and a beta of 1.95.

D-Wave Quantum (NYSE:QBTS) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $2.86 million for the quarter, compared to analysts’ expectations of $4.19 million. D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 58.58%. The business’s revenue was down 80.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.02) EPS. As a group, analysts forecast that D-Wave Quantum Inc. will post -0.44 EPS for the current year.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave beat EPS expectations, reporting a loss of $0.05 per share versus estimates for a $0.08 loss, which suggests better-than-expected cost control. D-Wave Quantum Q1 2026 earnings release and transcript
• Positive Sentiment: Bookings jumped nearly 2,000% year over year, a sign that commercial demand for D-Wave’s quantum systems is accelerating even though revenue has not yet caught up. TipRanks article on D-Wave bookings surge
• Neutral Sentiment: Management also pointed to continued momentum in Advantage2, new government deals, and broader commercialization efforts, which support the long-term story but do not offset near-term revenue concerns. Yahoo Finance preview on D-Wave Q1 2026 earnings
• Negative Sentiment: Revenue came in at $2.86 million, far below the $4.19 million consensus estimate and down 80.9% from a year ago, reinforcing concerns that monetization remains lumpy. Barron’s article on D-Wave earnings and stock reaction
• Negative Sentiment: Analysts remain cautious on profitability and valuation, and some previews into earnings had already flagged bearish sentiment ahead of the report. Seeking Alpha analyst outlook on D-Wave Q1 earnings

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.