D-Wave Quantum (NYSE:QBTS) Trading Down 5.6% After Insider Selling

Shares of D-Wave Quantum Inc. (NYSE:QBTS) dropped 5.6% on Wednesday following insider selling activity. The stock traded as low as $16.46 and last traded at $16.4830. Approximately 20,872,094 shares were traded during trading, a decline of 32% from the average daily volume of 30,502,342 shares. The stock had previously closed at $17.47.

Specifically, CFO John M. Markovich sold 10,706 shares of D-Wave Quantum stock in a transaction on Friday, March 13th. The shares were 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 $25,588,658.01. This trade represents a 0.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rohit Ghai sold 10,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $17.62, for a total transaction of $176,200.00. Following the completion of the transaction, the director owned 27,778 shares of the company’s stock, valued at $489,448.36. This represents a 26.47% decrease in their position. The disclosure for this sale is available in the SEC filing.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Canaccord Genuity Group set a $43.00 target price on D-Wave Quantum in a research report on Thursday, January 29th. Zacks Research cut D-Wave Quantum from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. Mizuho dropped their price target on D-Wave Quantum from $46.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Wedbush assumed coverage on D-Wave Quantum in a research report on Wednesday, December 17th. They set an “outperform” rating and a $35.00 price target on the stock. Finally, Wall Street Zen downgraded D-Wave Quantum from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.50.

D-Wave Quantum News Summary

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

• Positive Sentiment: Media and celebrity finance coverage has raised retail interest — pieces noting that QBTS has risen sharply over the past year and recovered since Jim Cramer’s 2025 remarks can sustain retail demand and momentum. Here’s How D-Wave (QBTS)’s Shares Behaved After Jim Cramer Said He Was “Wary” In January 2025
• Positive Sentiment: Bullish industry / narrative pieces highlight product traction and addressable-market potential for D‑Wave’s quantum annealing and hybrid solver products, supporting longer‑term investor interest. D Wave Quantum Unlocks New Possibilities In Advanced Computing Growth
• Neutral Sentiment: Analyst coverage is mixed but leans positive — multiple buy/outperform ratings remain and the consensus is a “Moderate Buy,” though several firms trimmed price targets recently; this provides support but also caps upside.
• Neutral Sentiment: Small institutional position changes reported (modest buys/sells) — not large enough to explain big moves but worth watching for follow‑through from larger funds. Institutional trading summary
• Negative Sentiment: Headline coverage of a near‑50% three‑month decline raises short‑term selling pressure — articles point to widening losses, weak bookings and cash burn as reasons why some investors are bailing despite revenue growth. D-Wave Quantum Plunges 49% in 3 Months
• Negative Sentiment: Recent insider sales (Director Rohit Ghai sold 10,000 shares; other insider filings noted) have amplified concern about insider timing/conviction and likely pressured near‑term sentiment. Director Rohit Ghai Sells 10,000 Shares Insider selling analysis
• Negative Sentiment: Recent quarter missed consensus (EPS and revenue came in below expectations) and the company shows negative margins and sizable losses — fundamentals that justify caution among growth investors. Earnings & financials summary

D-Wave Quantum Stock Performance

The stock’s 50-day moving average is $21.39 and its 200 day moving average is $25.08. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of -14.63 and a beta of 1.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 42.38 and a quick ratio of 42.25.

D-Wave Quantum (NYSE:QBTS) last released its earnings results on Thursday, February 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The business had revenue of $2.75 million for the quarter, compared to analyst estimates of $3.74 million. D-Wave Quantum had a negative return on equity of 58.58% and a negative net margin of 1,444.10%.The company’s revenue for the quarter was up 21.7% on a year-over-year basis. As a group, analysts predict that D-Wave Quantum Inc. will post -0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in D-Wave Quantum by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,874 shares of the company’s stock valued at $46,000 after buying an additional 482 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in D-Wave Quantum by 5.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 9,901 shares of the company’s stock valued at $245,000 after buying an additional 500 shares during the last quarter. Huntington National Bank increased its position in D-Wave Quantum by 17.9% during the third quarter. Huntington National Bank now owns 3,300 shares of the company’s stock worth $82,000 after buying an additional 500 shares in the last quarter. bLong Financial LLC increased its position in D-Wave Quantum by 2.3% during the 2nd quarter. bLong Financial LLC now owns 24,643 shares of the company’s stock worth $361,000 after purchasing an additional 551 shares in the last quarter. Finally, 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 purchasing an additional 560 shares during the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

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.