D-Wave Quantum (NYSE:QBTS) Shares Down 9.6% After Insider Selling

D-Wave Quantum Inc. (NYSE:QBTS)’s share price traded down 9.6% on Tuesday following insider selling activity. The company traded as low as $28.65 and last traded at $29.0840. 44,396,083 shares changed hands during trading, a decline of 27% from the average session volume of 60,521,574 shares. The stock had previously closed at $32.19.

Specifically, CFO John M. Markovich sold 100,000 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $30.03, for a total value of $3,003,000.00. Following the completion of the transaction, the chief financial officer directly owned 1,471,312 shares of the company’s stock, valued at $44,183,499.36. This represents a 6.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Alan E. Baratz sold 793,712 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $30.13, for a total value of $23,914,542.56. Following the completion of the transaction, the chief executive officer owned 2,633,163 shares in the company, valued at approximately $79,337,201.19. This trade represents a 23.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Analyst Upgrades and Downgrades

Several research firms have issued reports on QBTS. Rosenblatt Securities lifted their price objective on D-Wave Quantum from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Weiss Ratings restated a “sell (d-)” rating on shares of D-Wave Quantum in a research note on Monday. Evercore ISI initiated coverage on shares of D-Wave Quantum in a report on Wednesday, December 3rd. They issued an “outperform” rating and a $44.00 price target on the stock. Zacks Research raised shares of D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Williams Trading set a $35.00 price target on shares of D-Wave Quantum in a research report on Monday, November 10th. Fourteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, D-Wave Quantum has an average rating of “Moderate Buy” and an average price target of $33.67.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: D-Wave announced a high‑visibility presence at CES 2026 and plans to showcase commercial quantum demos, which bolstered investor perception of near‑term commercialization and drove buying interest. D-Wave CES showcase
• Positive Sentiment: D-Wave set its Qubits 2026 investor/tech conference for Jan. 27–28, providing an upcoming forum for management to present tech progress, commercial use cases and customer traction — a potential catalyst if new milestones or partnerships are announced. Read More.
• Positive Sentiment: Several brokers recently initiated or raised coverage with buy/outperform ratings and higher targets, supporting directional upside expectations and reinforcing retail momentum. MarketBeat analyst notes
• Neutral Sentiment: Short‑term sector momentum tied to broader AI/semiconductor moves has spilled into quantum names; this helps sentiment but is not a direct operational catalyst for D‑Wave. Quantum stocks overview
• Negative Sentiment: CEO Alan Baratz sold 793,712 shares on Dec. 22 (a ~23% reduction of his holdings), a large insider sale that can be perceived negatively and add selling pressure. CEO Form 4 SEC Filing
• Negative Sentiment: CFO John Markovich sold 100,000 shares on Dec. 22, another sizable insider disposal that can reinforce investor concern over timing and prompt short‑term profit‑taking. CFO Form 4 SEC Filing
• Negative Sentiment: Coverage pieces flag a stretched valuation after a strong rally and ask what future growth is already priced in — a narrative that can trigger profit‑taking and temper new buying. Valuation caution article

D-Wave Quantum Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 54.49 and a current ratio of 54.68. The company’s fifty day moving average price is $27.85 and its 200 day moving average price is $22.57. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of -20.55 and a beta of 1.57.

D-Wave Quantum (NYSE:QBTS) last issued its earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $3.74 million for the quarter, compared to analysts’ expectations of $3.03 million. D-Wave Quantum had a negative net margin of 1,651.81% and a negative return on equity of 97.58%. The company’s quarterly revenue was up 105.6% compared to the same quarter last year. Equities research analysts expect that D-Wave Quantum Inc. will post -0.41 earnings per share for the current year.

Institutional Investors Weigh In On D-Wave Quantum

Large investors have recently added to or reduced their stakes in the stock. Ancora Advisors LLC acquired a new position in shares of D-Wave Quantum during the third quarter valued at $30,000. Financial Consulate Inc. bought a new stake in D-Wave Quantum in the 3rd quarter valued at about $31,000. Kelleher Financial Advisors acquired a new position in D-Wave Quantum during the 3rd quarter valued at about $40,000. Larson Financial Group LLC grew its position in D-Wave Quantum by 1,754.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,854 shares of the company’s stock worth $46,000 after purchasing an additional 1,754 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in D-Wave Quantum by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,874 shares of the company’s stock worth $46,000 after purchasing an additional 482 shares during the last quarter. 42.47% of the stock is 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.