D-Wave Quantum Inc. $QBTS Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of D-Wave Quantum Inc. (NYSE:QBTS) by 319.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,747 shares of the company’s stock after purchasing an additional 75,198 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in D-Wave Quantum were worth $1,353,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Root Financial Partners LLC increased its position in shares of D-Wave Quantum by 388.0% in the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after buying an additional 776 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of D-Wave Quantum in the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its stake in shares of D-Wave Quantum by 267.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after purchasing an additional 838 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of D-Wave Quantum during the third quarter worth about $30,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of D-Wave Quantum during the 4th quarter worth about $31,000. 42.47% of the stock is owned by institutional investors and hedge funds.

D-Wave Quantum Stock Up 0.1%

QBTS stock opened at $16.23 on Monday. The company has a market cap of $6.01 billion, a price-to-earnings ratio of -14.37 and a beta of 2.11. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03. D-Wave Quantum Inc. has a 12 month low of $12.75 and a 12 month high of $46.75. The firm has a 50-day moving average of $23.00 and a two-hundred day moving average of $21.24.

D-Wave Quantum (NYSE:QBTS) last released its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $2.86 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted ($0.02) EPS. As a group, analysts forecast that D-Wave Quantum Inc. will post -0.42 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Alan E. Baratz sold 687,627 shares of D-Wave Quantum stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $26.13, for a total transaction of $17,967,693.51. Following the transaction, the chief executive officer owned 3,299,771 shares in the company, valued at approximately $86,223,016.23. This trade represents a 17.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John D. Dilullo sold 7,850 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $24.43, for a total value of $191,775.50. Following the transaction, the director directly owned 21,310 shares in the company, valued at $520,603.30. This trade represents a 26.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,360,772 shares of company stock valued at $35,737,111 in the last 90 days. 1.30% of the stock is owned by insiders.

Key D-Wave Quantum News

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

• Positive Sentiment: D-Wave will ring the Nasdaq Opening Bell on July 27, marking its listing debut on the exchange and giving the company a visibility boost that could help sentiment around the name. D-Wave to Ring the Nasdaq Opening Bell on July 27, 2026 to Mark Its Listing Debut on the Nasdaq
• Positive Sentiment: Recent analyst coverage has turned more constructive, with one bullish view suggesting QBTS could be materially undervalued after its sharp pullback and noting improved earnings expectations. D-Wave Quantum (QBTS) Could Be 56% Undervalued On A More Bullish Analyst View

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on QBTS. B. Riley Financial raised their price target on shares of D-Wave Quantum from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of D-Wave Quantum in a research note on Tuesday, May 12th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $43.00 price target on shares of D-Wave Quantum in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, D-Wave Quantum has a consensus rating of “Moderate Buy” and an average price target of $36.80.

D-Wave Quantum 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.