D-Wave Quantum (NYSE:QBTS) Shares Up 2% – What’s Next?

D-Wave Quantum Inc. (NYSE:QBTS)’s share price was up 2% during mid-day trading on Friday . The company traded as high as $30.16 and last traded at $30.0680. Approximately 36,065,724 shares traded hands during trading, an increase of 13% from the average daily volume of 31,998,527 shares. The stock had previously closed at $29.49.

D-Wave Quantum News Summary

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

• Positive Sentiment: D-Wave is being highlighted as a potential winner in the quantum computing space after reports said it has stronger analyst-implied upside than peers and is gaining traction from commercial adoption. Article Title
• Positive Sentiment: Recent coverage says quantum computing is moving toward a commercial breakout phase, which supports the bullish narrative around QBTS as an early leader in the sector. Article Title
• Neutral Sentiment: Market commentary comparing QBTS with IONQ suggests investors are still weighing which quantum stock will dominate in 2026, keeping attention on the group rather than on one clear winner yet. Article Title
• Negative Sentiment: CFO John Markovich sold 328,752 shares, a move that can pressure short-term sentiment because insider selling often raises caution about valuation or near-term expectations. Article Title

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on QBTS shares. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of D-Wave Quantum in a research report on Wednesday, May 13th. Northland Securities started coverage on shares of D-Wave Quantum in a report on Monday, April 20th. They issued a “market perform” rating and a $22.00 price objective on the stock. Mizuho cut their price objective on shares of D-Wave Quantum from $31.00 to $29.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Roth Mkm cut their price objective on shares of D-Wave Quantum from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $40.00 target price on shares of D-Wave Quantum in a research report on Wednesday, May 13th. Fourteen 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 a consensus rating of “Moderate Buy” and an average price target of $34.67.

D-Wave Quantum Price Performance

The firm has a market cap of $11.12 billion, a price-to-earnings ratio of -26.61 and a beta of 1.95. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $19.54 and a 200 day moving average of $22.15.

D-Wave Quantum (NYSE:QBTS) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The business had revenue of $2.86 million for the quarter, compared to the consensus estimate 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 firm’s revenue was down 80.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) EPS. Equities research analysts predict that D-Wave Quantum Inc. will post -0.44 EPS for the current fiscal year.

Insider Activity at D-Wave Quantum

In related news, CFO John M. Markovich sold 328,752 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $27.70, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sophie C. Ames sold 23,025 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $18.98, for a total transaction of $437,014.50. Following the completion of the transaction, the vice president directly owned 596,803 shares of the company’s stock, valued at approximately $11,327,320.94. The trade was a 3.71% decrease in their ownership of the stock. 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 sold a total of 383,553 shares of company stock valued at $10,118,016 in the last quarter. 3.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On D-Wave Quantum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QBTS. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 11,218,255 shares during the period. UBS Group AG boosted its stake in shares of D-Wave Quantum by 541.6% during the 3rd quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after buying an additional 10,205,427 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of D-Wave Quantum by 136,842.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,194,866 shares of the company’s stock worth $83,546,000 after buying an additional 3,192,533 shares during the last quarter. Clear Street Group Inc. acquired a new position in shares of D-Wave Quantum during the 3rd quarter worth about $75,344,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of D-Wave Quantum by 311.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,548,013 shares of the company’s stock worth $92,781,000 after buying an additional 2,685,980 shares during the last quarter. 42.47% of the stock is owned by institutional investors and hedge funds.

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.