John Markovich Sells 328,752 Shares of D-Wave Quantum (NYSE:QBTS) Stock

D-Wave Quantum Inc. (NYSE:QBTS) CFO John Markovich sold 328,752 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $27.70, for a total transaction of $9,106,430.40. Following the completion of the transaction, the chief financial officer directly owned 1,442,820 shares of the company’s stock, valued at approximately $39,966,114. This represents a 18.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

D-Wave Quantum Price Performance

QBTS stock opened at $29.52 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31. D-Wave Quantum Inc. has a one year low of $12.75 and a one year high of $46.75. The stock has a market cap of $10.92 billion, a PE ratio of -26.13 and a beta of 1.95. The firm has a 50 day simple moving average of $19.27 and a two-hundred day simple moving average of $22.10.

D-Wave Quantum (NYSE:QBTS) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The business had revenue of $2.86 million during the quarter, compared to analysts’ expectations of $4.19 million. During the same quarter in the previous year, the company earned ($0.02) EPS. The business’s quarterly revenue was down 80.9% compared to the same quarter last year. On average, analysts predict that D-Wave Quantum Inc. will post -0.44 EPS for the current fiscal year.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: Industry coverage continues to highlight quantum computing’s move toward commercial adoption, with some analysts arguing QBTS could have more upside than peers thanks to rising bookings and enterprise demand. Article Title
• Positive Sentiment: Broader news around the quantum sector suggests the market is treating commercial progress as a real catalyst, which supports investor optimism for D-Wave Quantum’s growth story. Article Title
• Neutral Sentiment: IBM’s new $10 billion quantum funding plan adds more attention to the sector overall, but it is not a direct catalyst for QBTS. It does reinforce that large tech companies are still investing heavily in quantum computing. Article Title
• Negative Sentiment: D-Wave Quantum CFO John Markovich sold 328,752 shares, trimming his position by about 18.6%. Insider selling can weigh on sentiment, especially when investors are already sensitive to valuation and profitability concerns. Article Title
• Negative Sentiment: Several reports say shares fell after a classical-computing study questioned D-Wave’s quantum advantage claims, raising doubts about one of the company’s key technology narratives. Article Title

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on QBTS shares. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of D-Wave Quantum in a report on Wednesday, May 13th. TD Cowen initiated coverage on shares of D-Wave Quantum in a research note on Thursday, February 12th. They set a “buy” rating on the stock. Roth Mkm cut their target price on shares of D-Wave Quantum from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Weiss Ratings lowered shares of D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $43.00 target price on shares of D-Wave Quantum in a research note on Wednesday, May 13th. Fourteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, D-Wave Quantum presently has an average rating of “Moderate Buy” and a consensus price target of $34.67.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of QBTS. Vanguard Group Inc. increased its stake in shares of D-Wave Quantum by 41.2% in the 3rd quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock worth $950,220,000 after acquiring an additional 11,218,255 shares in the last quarter. UBS Group AG increased its stake in shares of D-Wave Quantum by 541.6% in the 3rd quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after acquiring an additional 10,205,427 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of D-Wave Quantum by 136,842.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,194,866 shares of the company’s stock worth $83,546,000 after acquiring an additional 3,192,533 shares in the last quarter. Clear Street Group Inc. bought a new position in shares of D-Wave Quantum in the 3rd quarter worth about $75,344,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of D-Wave Quantum by 311.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,548,013 shares of the company’s stock worth $92,781,000 after acquiring an additional 2,685,980 shares in the last quarter. 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.