D-Wave Quantum (NYSE:QBTS) CFO John Markovich Sells 100,000 Shares

Key Points

• CFO John Markovich sold 100,000 shares on Dec. 22 at an average of $30.03 for $3.003M, cutting his ownership by 6.36% — the transaction was disclosed in an SEC filing.
• Shares fell about 9.6% to $29.08 on heavy volume (44.5M), highlighting near‑term volatility amid retail trading and excitement around D‑Wave's planned CES‑2026 commercialization showcase.
• D‑Wave posted a slight EPS beat and revenue up 105.6% YoY to $3.74M but remains deeply unprofitable; analysts are mostly bullish with a consensus "Moderate Buy" and an average price target of $33.67.

D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report) CFO John Markovich sold 100,000 shares of D-Wave Quantum stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $30.03, for a total value of $3,003,000.00. Following the completion of the sale, the chief financial officer owned 1,471,312 shares in the company, valued at approximately $44,183,499.36. This represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

D-Wave Quantum Trading Down 9.6%

Shares of QBTS traded down $3.11 during mid-day trading on Tuesday, hitting $29.08. 44,509,985 shares of the company's stock traded hands, compared to its average volume of 60,531,824. The company has a quick ratio of 54.49, a current ratio of 54.68 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $10.18 billion, a P/E ratio of -21.54 and a beta of 1.57. The business's 50-day moving average price is $28.47 and its 200-day moving average price is $22.46. D-Wave Quantum Inc. has a 1 year low of $3.74 and a 1 year high of $46.75.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. D-Wave Quantum had a negative net margin of 1,651.81% and a negative return on equity of 97.58%. The business had revenue of $3.74 million for the quarter, compared to the consensus estimate of $3.03 million. The firm's revenue was up 105.6% on a year-over-year basis. As a group, sell-side analysts forecast that D-Wave Quantum Inc. will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On D-Wave Quantum

A number of institutional investors have recently made changes to their positions in QBTS. Allworth Financial LP increased its position in shares of D-Wave Quantum by 40.7% during the third quarter. Allworth Financial LP now owns 10,362 shares of the company's stock valued at $256,000 after acquiring an additional 2,999 shares in the last quarter. Swiss Life Asset Management Ltd purchased a new stake in D-Wave Quantum during the 3rd quarter valued at $345,000. Strategic Advocates LLC boosted its stake in D-Wave Quantum by 6.5% during the 3rd quarter. Strategic Advocates LLC now owns 33,715 shares of the company's stock valued at $833,000 after purchasing an additional 2,050 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of D-Wave Quantum in the 3rd quarter worth $814,000. Finally, WBI Investments LLC purchased a new position in shares of D-Wave Quantum in the third quarter worth $844,000. Hedge funds and other institutional investors own 42.47% of the company's stock.

D-Wave Quantum News Summary

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

• Positive Sentiment: D-Wave announced it will bring commercial quantum demonstrations and customer success stories to CES 2026 — a high-visibility showcase that markets commercialization progress and can accelerate enterprise interest. D-Wave to Bring Commercial Quantum Computing to CES 2026
• Positive Sentiment: Media coverage links the CES reveal to an immediate rally: outlets report the stock jumped after the CES plans, highlighting investor hopes for near-term commercial wins. D-Wave Quantum Jumps After Announcing CES 2026 Commercial Technology Showcase
• Positive Sentiment: Wall Street and institutional interest increased in 2025 (several brokerages initiated coverage), and reports of hedge-fund accumulation are reinforcing confidence that professional money is backing the story. Wall Street Discovered Quantum Computing Stocks In 2025
• Positive Sentiment: Retail-driven year-end momentum (a “Santa Rally” in quantum names) is lifting QBTS alongside peers, amplifying short-term upside. D-Wave, Rigetti, IonQ Stocks Climb In Retail-Fueled Santa Rally
• Neutral Sentiment: Analyst pieces frame 2026 as a potential breakout year if commercialization continues, but they note revenue remains small vs. valuation — a conditional bullish view that depends on execution. Why 2026 Could Be the Year D-Wave Breaks Out
• Neutral Sentiment: Industry analyses compare quantum plays to Nvidia’s AI run — suggesting potential playbook parallels but noting different market dynamics and longer commercialization timelines. Quantum Stocks 2026: Can IONQ & QBTS Follow NVDA's Playbook?
• Negative Sentiment: Fundamental risks remain: quarterly revenue is growing but still small in absolute dollars, and the stock’s valuation and reliance on continued execution make it vulnerable to pullbacks if commercialization stalls. Why 2026 Could Be the Year D-Wave Breaks Out
• Negative Sentiment: Heavy retail participation and thin institutional trading around the holidays increase volatility risk — spikes can reverse quickly once professionals re-enter the market. D-Wave, Rigetti, IonQ Stocks Climb In Retail-Fueled Santa Rally

Wall Street Analysts Forecast Growth

QBTS has been the subject of several research analyst reports. B. Riley raised their price objective on shares of D-Wave Quantum from $22.00 to $33.00 and gave the stock a "buy" rating in a report on Monday, September 22nd. Rosenblatt Securities raised their target price on D-Wave Quantum from $30.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, November 7th. Canaccord Genuity Group upped their price target on D-Wave Quantum from $20.00 to $41.00 and gave the stock a "buy" rating in a research note on Friday, November 7th. Wall Street Zen downgraded D-Wave Quantum from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Roth Capital set a $40.00 target price on shares of D-Wave Quantum in a report on Thursday, November 6th. Fourteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $33.67.

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.

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