Geode Capital Management LLC Boosts Stock Position in D-Wave Quantum Inc. $QBTS

Geode Capital Management LLC increased its stake in shares of D-Wave Quantum Inc. (NYSE:QBTS) by 11.5% in the fourth quarter, HoldingsChannel reports. The firm owned 8,394,726 shares of the company’s stock after buying an additional 866,405 shares during the quarter. Geode Capital Management LLC’s holdings in D-Wave Quantum were worth $220,085,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in D-Wave Quantum by 267.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after purchasing an additional 838 shares in the last quarter. Ancora Advisors LLC purchased a new stake in D-Wave Quantum during the 3rd quarter worth about $30,000. Valley National Advisers Inc. increased its position in D-Wave Quantum by 222.2% during the 4th quarter. Valley National Advisers Inc. now owns 1,595 shares of the company’s stock worth $41,000 after purchasing an additional 1,100 shares in the last quarter. Kelleher Financial Advisors purchased a new stake in D-Wave Quantum during the 3rd quarter worth about $40,000. Finally, Tucker Asset Management LLC purchased a new stake in D-Wave Quantum during the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 42.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on QBTS. Wall Street Zen cut D-Wave Quantum from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of D-Wave Quantum in a report on Tuesday. Weiss Ratings cut D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Rosenblatt Securities restated a “buy” rating and issued a $43.00 price target on shares of D-Wave Quantum in a report on Tuesday. Finally, B. Riley Financial lifted their price target on D-Wave Quantum from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday. Fourteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.40.

Insider Transactions at D-Wave Quantum

In other news, Director John D. Dilullo sold 8,000 shares of D-Wave Quantum stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $18.01, for a total value of $144,080.00. Following the transaction, the director directly owned 19,803 shares of the company’s stock, valued at $356,652.03. The trade was a 28.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John M. Markovich sold 328,752 shares of D-Wave Quantum stock in a transaction dated 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 directly owned 1,442,820 shares in the company, valued at $39,966,114. This represents a 18.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 383,553 shares of company stock valued at $10,118,016. 1.30% of the stock is currently owned by company insiders.

D-Wave Quantum Stock Up 2.7%

QBTS opened at $29.97 on Wednesday. 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 stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of -26.52 and a beta of 2.05. The business has a 50-day moving average of $19.81 and a two-hundred day moving average of $22.11. D-Wave Quantum Inc. has a 12 month low of $12.75 and a 12 month high of $46.75.

D-Wave Quantum (NYSE:QBTS) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company had revenue of $2.86 million during the quarter, compared to analysts’ expectations of $4.19 million. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.The firm’s revenue was down 80.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.02) EPS. On average, research analysts expect that D-Wave Quantum Inc. will post -0.43 earnings per share for the current year.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: D-Wave was tentatively awarded $100 million in federal funding, part of a broader U.S. quantum initiative that could support hardware development and commercialization efforts. D-Wave Seeks to Leverage IBM’s Quantum Foundry. $100 Million in Federal Funding Will Help.
• Positive Sentiment: Analysts stayed constructive, with Rosenblatt Securities reiterating a buy rating and a $43 price target, and Needham also reaffirming buy with a $40 target. Analyst reiterations via Benzinga
• Positive Sentiment: Market coverage highlighted that the latest federal contract adds to D-Wave’s momentum and may strengthen its R&D position as quantum adoption advances. How the Latest Federal Contract Boosts D-Wave’s Prospects
• Positive Sentiment: D-Wave also unveiled a new gate-model roadmap aimed at fault-tolerant quantum computing, which signals a push beyond its current annealing niche and could improve long-term growth prospects. D-Wave Charts a New Course to Fault-Tolerant Quantum Computing with Gate-Model Roadmap
• Neutral Sentiment: Broader coverage on the $2 billion U.S. quantum initiative and sector-wide rally is helping keep quantum stocks in focus, but this is more a thematic tailwind than a company-specific catalyst. DoC’s $2B Quantum Initiative Puts These 2 Stocks in the Spotlight
• Neutral Sentiment: Some articles asked whether QBTS has already run too far after a strong 2025 move, which may reflect valuation concerns rather than a direct fundamental setback. QBTS soars 168% in 2025: Should you buy for 2026 or wait for pullback?

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.