D-Wave Quantum (NYSE:QBTS) Shares Down 5.1% – Here’s Why

D-Wave Quantum Inc. (NYSE:QBTS) shares fell 5.1% during mid-day trading on Friday . The stock traded as low as $19.95 and last traded at $20.0790. 14,421,586 shares were traded during mid-day trading, a decline of 54% from the average session volume of 31,431,279 shares. The stock had previously closed at $21.16.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: D-Wave earned IDC MarketScape Leader recognition, reinforcing its position as a practical, enterprise-focused quantum computing provider with growing traction in production deployments, hybrid tools, and its roadmap. D-Wave Earns IDC Recognition for Its Practical Quantum Computing Push
• Positive Sentiment: Recent coverage highlights strong long-term momentum for QBTS, citing rising bookings and expanding commercial opportunities as reasons the stock has rallied over the past year. D-Wave Quantum Stock Surges 42.9% in a Year: What’s Driving the Rally?
• Neutral Sentiment: Analyst and media comparisons with Rigetti and other quantum peers keep D-Wave in the spotlight, but also remind investors that the group remains highly speculative and competitive. D-Wave Quantum vs. Rigetti Computing: Which Quantum Computing Stock Is a Better Buy in 2026?
• Neutral Sentiment: IQM’s Nasdaq debut adds another player to the quantum race, which may broaden investor interest in the sector but also heightens competitive pressure on D-Wave. IQM’s Nasdaq Debut Could Change the Quantum Race for D-Wave
• Negative Sentiment: Despite the positive recognition, the stock remains vulnerable to sharp swings because revenue timing is still uncertain, which can create quarter-to-quarter volatility. D-Wave Quantum Stock Surges 42.9% in a Year: What’s Driving the Rally?

Analyst Ratings Changes

QBTS has been the topic of several analyst reports. Roth Capital lifted their target price on shares of D-Wave Quantum from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Rosenblatt Securities reissued a “buy” rating and set a $43.00 price target on shares of D-Wave Quantum in a report on Thursday, June 11th. Weiss Ratings raised D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Canaccord Genuity Group dropped their target price on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $40.00 target price on shares of D-Wave Quantum in a research note on Wednesday, May 13th. Fourteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.80.

D-Wave Quantum Stock Performance

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 firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of -17.77 and a beta of 2.11. The stock’s 50 day moving average price is $23.91 and its two-hundred day moving average price is $22.00.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $2.86 million during the quarter, compared to the consensus estimate of $4.19 million. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The business’s revenue was down 80.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) EPS. On average, analysts forecast that D-Wave Quantum Inc. will post -0.43 EPS for the current year.

Insider Activity at D-Wave Quantum

In other news, VP Sophie C. Ames sold 23,025 shares of the business’s stock in a transaction that occurred 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 sale, the vice president owned 596,803 shares of the company’s stock, valued at $11,327,320.94. The trade was a 3.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Dilullo sold 7,850 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $24.43, for a total value of $191,775.50. Following the completion of the transaction, the director directly owned 21,310 shares of the company’s stock, valued at $520,603.30. The trade was a 26.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,363,842 shares of company stock worth $35,802,656. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in QBTS. Baird Financial Group Inc. grew its stake in D-Wave Quantum by 12.0% in the 1st quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock valued at $92,000 after acquiring an additional 1,300 shares during the last quarter. Royal Bank of Canada raised its position in D-Wave Quantum by 59.8% during the first quarter. Royal Bank of Canada now owns 162,088 shares of the company’s stock worth $1,231,000 after acquiring an additional 60,668 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of D-Wave Quantum by 201.0% in the first quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock valued at $1,526,000 after purchasing an additional 134,066 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of D-Wave Quantum by 93.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock valued at $825,000 after purchasing an additional 52,437 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of D-Wave Quantum by 125.7% in the first quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock valued at $333,000 after purchasing an additional 24,382 shares during the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

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.