D-Wave Quantum (NYSE:QBTS) Stock Price Up 12.5% – What’s Next?

Shares of D-Wave Quantum Inc. (NYSE:QBTS) rose 12.5% on Monday . The stock traded as high as $27.15 and last traded at $26.29. Approximately 44,699,720 shares were traded during trading, an increase of 38% from the average daily volume of 32,412,717 shares. The stock had previously closed at $23.37.

D-Wave Quantum News Summary

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

Analyst Upgrades and Downgrades

QBTS has been the topic of several recent analyst reports. Northland Securities initiated coverage on D-Wave Quantum in a report on Monday, April 20th. They set a “market perform” rating and a $22.00 target price on the stock. B. Riley Financial lifted their target price on D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of D-Wave Quantum in a report on Tuesday, June 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of D-Wave Quantum in a report on Tuesday, May 12th. Finally, Canaccord Genuity Group cut their price target on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Fourteen investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.80.

D-Wave Quantum Trading Down 4.2%

The company has a market capitalization of $8.49 billion, a P/E ratio of -20.30 and a beta of 2.05. The business has a fifty day moving average price of $22.31 and a 200 day moving average price of $22.31. The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NYSE:QBTS) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $2.86 million for the quarter, compared to analyst estimates 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 company’s quarterly revenue was down 80.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.02) earnings per share. On average, analysts expect that D-Wave Quantum Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at D-Wave Quantum

In related news, Director Rohit Ghai sold 13,518 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $26.41, for a total transaction of $357,010.38. Following the sale, the director owned 23,617 shares in the company, valued at approximately $623,724.97. This represents a 36.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Dilullo sold 7,850 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $24.43, for a total value of $191,775.50. Following the sale, the director owned 21,310 shares in the company, valued at $520,603.30. The trade was a 26.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,363,842 shares of company stock valued at $35,802,656 in the last ninety days. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Huntington National Bank boosted its stake in shares of D-Wave Quantum by 17.9% during the 3rd quarter. Huntington National Bank now owns 3,300 shares of the company’s stock worth $82,000 after acquiring an additional 500 shares during the period. Sigma Planning Corp boosted its stake in shares of D-Wave Quantum by 3.6% during the 4th quarter. Sigma Planning Corp now owns 16,329 shares of the company’s stock worth $431,000 after acquiring an additional 560 shares during the period. AlphaStar Capital Management LLC boosted its stake in shares of D-Wave Quantum by 2.2% during the 4th quarter. AlphaStar Capital Management LLC now owns 27,063 shares of the company’s stock worth $708,000 after acquiring an additional 592 shares during the period. Noble Wealth Management PBC boosted its stake in shares of D-Wave Quantum by 6.7% during the 4th quarter. Noble Wealth Management PBC now owns 9,600 shares of the company’s stock worth $251,000 after acquiring an additional 600 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its stake in shares of D-Wave Quantum by 0.5% during the 4th quarter. Thoroughbred Financial Services LLC now owns 131,852 shares of the company’s stock worth $3,447,000 after acquiring an additional 602 shares during the period. 42.47% of the stock is currently owned by institutional investors.

About D-Wave Quantum

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.