Concurrent Investment Advisors LLC Buys Shares of 30,234 D-Wave Quantum Inc. $QBTS

Concurrent Investment Advisors LLC bought a new stake in shares of D-Wave Quantum Inc. (NYSE:QBTS) in the third quarter, HoldingsChannel reports. The institutional investor bought 30,234 shares of the company’s stock, valued at approximately $747,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in D-Wave Quantum by 747.5% during the third quarter. Nisa Investment Advisors LLC now owns 51,853 shares of the company’s stock valued at $1,281,000 after purchasing an additional 45,735 shares during the period. Spire Wealth Management lifted its position in shares of D-Wave Quantum by 21.0% during the 3rd quarter. Spire Wealth Management now owns 7,946 shares of the company’s stock valued at $196,000 after buying an additional 1,380 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in shares of D-Wave Quantum by 11.6% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 64,500 shares of the company’s stock valued at $1,594,000 after acquiring an additional 6,700 shares during the period. CoreCap Advisors LLC increased its holdings in D-Wave Quantum by 191.6% in the 3rd quarter. CoreCap Advisors LLC now owns 3,371 shares of the company’s stock worth $83,000 after acquiring an additional 2,215 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its stake in D-Wave Quantum by 51.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 41,820 shares of the company’s stock worth $1,033,000 after acquiring an additional 14,137 shares during the period. Hedge funds and other institutional investors own 42.47% of the company’s stock.

D-Wave Quantum Stock Performance

Shares of D-Wave Quantum stock opened at $28.83 on Monday. The company has a quick ratio of 54.49, a current ratio of 54.68 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average is $26.22 and its two-hundred day moving average is $24.15. D-Wave Quantum Inc. has a 52 week low of $4.45 and a 52 week high of $46.75. The company has a market capitalization of $10.09 billion, a PE ratio of -21.36 and a beta of 1.57.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on QBTS. Zacks Research upgraded D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Jefferies Financial Group initiated coverage on D-Wave Quantum in a research report on Tuesday, December 16th. They set a “buy” rating and a $45.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of D-Wave Quantum in a report on Monday, December 29th. Rosenblatt Securities restated a “buy” rating and issued a $40.00 price target on shares of D-Wave Quantum in a research note on Wednesday, January 7th. Finally, Roth Capital set a $40.00 target price on shares of D-Wave Quantum in a research report on Thursday, November 6th. Fourteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.67.

More D-Wave Quantum News

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

• Positive Sentiment: D-Wave agreed to acquire Quantum Circuits Inc., a move that should accelerate the company’s access to gate‑model qubit technology and narrow the gap with competitors — a strategic rationale for longer‑term re‑rating if integration proceeds smoothly. D‑Wave Announces Agreement to Acquire Quantum Circuits Inc.
• Positive Sentiment: D‑Wave demonstrated the first scalable, on‑chip cryogenic control of gate‑model qubits — a technical milestone that strengthens its roadmap and could expand future product applications if commercialized. D‑Wave Demonstrates On‑Chip Cryogenic Control
• Positive Sentiment: Large institutional accumulation (Vanguard, UBS, State Street increases) and new coverage from boutique research raise the buyer base and lend stability to the stock as the company executes on commercialization and M&A.
• Positive Sentiment: Rosenblatt and other firms are issuing constructive coverage on quantum names, which can boost sentiment across the subsector and benefit QBTS as investors re‑rate growth prospects. Rigetti and Quantum Computing Stocks Are a Buy
• Neutral Sentiment: Zacks and other analysts are parsing Q4 results for pure‑play quantum companies; peer performance (e.g., IonQ) could influence relative flows into QBTS heading into earnings season. QBTS, RGTI, IONQ: Buy, Sell or Hold Ahead of Q4 Earnings?
• Neutral Sentiment: Long‑form retail coverage frames a bullish narrative around government adoption and product roadmaps — useful for sentiment but speculative and execution‑dependent. Could D‑Wave Stock Make You a Millionaire?
• Negative Sentiment: Insider selling: CEO Alan Baratz sold 35,013 shares and CFO John Markovich sold 9,179 shares in mid‑January — transactions that can create near‑term selling pressure or raise questions for some investors. CEO Form 4 CFO Form 4
• Negative Sentiment: Sector‑wide valuation concerns and reminders that commercial viability remains years away may keep volatility high and limit near‑term upside despite positive headlines. Quantum Computing Stocks Have Served Up an $840 Million Warning

Insiders Place Their Bets

In other news, CFO John M. Markovich sold 200,000 shares of D-Wave Quantum stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $22.94, for a total transaction of $4,588,000.00. Following the completion of the sale, the chief financial officer directly owned 1,482,874 shares in the company, valued at approximately $34,017,129.56. The trade was a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Rohit Ghai sold 10,000 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $24.28, for a total value of $242,800.00. Following the completion of the transaction, the director directly owned 37,778 shares in the company, valued at $917,249.84. This represents a 20.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,346,916 shares of company stock valued at $65,591,314. 3.20% of the stock is currently owned by insiders.

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.