D-Wave Quantum (NYSE:QBTS) Trading 19.8% Higher - Here's What Happened

Key Points

• D-Wave Quantum shares jumped 19.8% intraday to about $32.13 on Monday, with roughly 62.6 million shares traded — slightly above average volume.
• Analyst sentiment is mixed but leans positive: the consensus is a "Moderate Buy" with an average target of $33.67 (14 Buys, 1 Hold, 1 Sell), while firms like Evercore (Outperform/$44) and Benchmark (Buy/$35) set higher targets.
• Insiders have been net sellers — the CEO and CFO sold large blocks and insiders offloaded ~1.45M shares (~$39.2M) over three months — and the company remains unprofitable despite revenue rising 105.6% year‑over‑year and recently beating quarterly estimates.

D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report)'s share price was up 19.8% during mid-day trading on Monday . The stock traded as high as $32.39 and last traded at $32.1290. Approximately 62,556,545 shares changed hands during trading, an increase of 3% from the average daily volume of 60,595,504 shares. The stock had previously closed at $26.82.

Analysts Set New Price Targets

QBTS has been the topic of several recent analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of D-Wave Quantum in a report on Monday, December 15th. Evercore ISI assumed coverage on shares of D-Wave Quantum in a report on Wednesday, December 3rd. They issued an "outperform" rating and a $44.00 target price for the company. Roth Capital set a $40.00 target price on shares of D-Wave Quantum in a research report on Thursday, November 6th. Wall Street Zen cut shares of D-Wave Quantum from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Benchmark raised their price objective on D-Wave Quantum from $20.00 to $35.00 and gave the stock a "buy" rating in a report on Monday, November 10th. Fourteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $33.67.

D-Wave Quantum Stock Up 19.8%

The company has a market capitalization of $11.25 billion, a PE ratio of -23.80 and a beta of 1.57. The company has a current ratio of 54.68, a quick ratio of 54.49 and a debt-to-equity ratio of 0.05. The firm has a 50 day simple moving average of $28.64 and a two-hundred day simple moving average of $22.35.

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

Insider Activity

In other D-Wave Quantum news, CFO John M. Markovich sold 200,000 shares of the business's stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $22.94, for a total transaction of $4,588,000.00. Following the transaction, the chief financial officer owned 1,482,874 shares in the company, valued at approximately $34,017,129.56. The trade was a 11.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Alan E. Baratz sold 806,288 shares of the firm's stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $28.87, for a total value of $23,277,534.56. Following the completion of the sale, the chief executive officer directly owned 2,801,265 shares of the company's stock, valued at $80,872,520.55. This represents a 22.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,448,375 shares of company stock valued at $39,155,482. 3.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Ancora Advisors LLC acquired a new position in shares of D-Wave Quantum during the 3rd quarter worth $30,000. Financial Consulate Inc. purchased a new stake in shares of D-Wave Quantum during the 3rd quarter worth approximately $31,000. Kelleher Financial Advisors acquired a new stake in shares of D-Wave Quantum in the 3rd quarter worth approximately $40,000. Larson Financial Group LLC increased its stake in D-Wave Quantum by 1,754.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,854 shares of the company's stock valued at $46,000 after purchasing an additional 1,754 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in D-Wave Quantum by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,874 shares of the company's stock valued at $46,000 after purchasing an additional 482 shares in the last quarter. Hedge funds and other institutional investors own 42.47% of the company's stock.

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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