50,000 Shares in D-Wave Quantum Inc. $QBTS Purchased by Seven Grand Managers LLC

Key Points

• Seven Grand Managers LLC disclosed a new position in D-Wave Quantum, buying 50,000 shares worth about $1.31 million in the fourth quarter.
• Institutional interest in QBTS remains active, with several other funds recently adding shares; overall, 42.47% of the stock is owned by hedge funds and other institutional investors.
• Sentiment around D-Wave is mixed: the company has government funding support and multiple bullish analyst ratings, but it also faces scrutiny over its quantum advantage claims and notable insider selling.

Seven Grand Managers LLC purchased a new position in shares of D-Wave Quantum Inc. (NYSE:QBTS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 50,000 shares of the company's stock, valued at approximately $1,308,000.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in 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 position in D-Wave Quantum during the third quarter worth about $30,000. Valley National Advisers Inc. raised its holdings in D-Wave Quantum by 222.2% during the fourth quarter. Valley National Advisers Inc. now owns 1,595 shares of the company's stock worth $41,000 after purchasing an additional 1,100 shares in the last quarter. Kelleher Financial Advisors purchased a new position in D-Wave Quantum in the third quarter valued at about $40,000. Finally, Tucker Asset Management LLC purchased a new position in D-Wave Quantum in the fourth quarter valued at about $47,000. 42.47% of the stock is owned by hedge funds and other institutional investors.

More D-Wave Quantum News

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

• Positive Sentiment: D-Wave signed a letter of intent with the U.S. Department of Commerce for $100 million in CHIPS and Science Act funding, and the company also said it secured second-year funding for its superconducting quantum innovation project. These announcements reinforce government backing for its hardware roadmap and could help support longer-term growth. Article Title
• Positive Sentiment: Several recent reports highlighted surging bookings, expanding enterprise adoption, and analyst comparisons suggesting QBTS may have more upside than peers like IonQ and Rigetti. That keeps the stock in focus as a commercial leader in quantum computing. Article Title
• Positive Sentiment: D-Wave pushed back on claims that a new classical-computing study disproved its quantum supremacy result, saying its benchmark claims still stand. Defending a core technical milestone may help preserve investor confidence in the company’s technology narrative. Article Title
• Neutral Sentiment: Industry coverage continues to frame quantum computing as moving into a commercial breakout phase, which supports long-term optimism for QBTS but does not represent a direct company-specific catalyst. Article Title
• Negative Sentiment: Multiple reports said QBTS shares fell after a study questioned D-Wave’s “quantum advantage” or “quantum supremacy” claims. That kind of technical skepticism can weigh on sentiment, especially for a valuation-sensitive growth stock. Article Title
• Negative Sentiment: CFO John M. Markovich sold 328,752 shares, reducing his position by about 18.6%. Insider selling can be a headwind for short-term sentiment, even if it does not necessarily signal a change in fundamentals. Article Title

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on QBTS. Wall Street Zen cut shares of D-Wave Quantum from a "hold" rating to a "sell" rating in a report on Saturday, February 7th. Weiss Ratings cut shares of D-Wave Quantum from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, April 29th. Canaccord Genuity Group dropped their target price on shares of D-Wave Quantum from $43.00 to $41.00 and set a "buy" rating for the company in a report on Wednesday, May 13th. Jefferies Financial Group reaffirmed a "buy" rating on shares of D-Wave Quantum in a report on Tuesday, May 12th. Finally, Northland Securities began coverage on shares of D-Wave Quantum in a report on Monday, April 20th. They issued a "market perform" rating and a $22.00 target price for the company. Fourteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.67.

Insider Buying and Selling at D-Wave Quantum

In other news, Director Rohit Ghai sold 10,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $17.62, for a total value of $176,200.00. Following the sale, the director directly owned 27,778 shares in the company, valued at $489,448.36. This represents a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John D. Dilullo sold 8,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $18.01, for a total transaction of $144,080.00. Following the completion of the sale, the director owned 19,803 shares in the company, valued at $356,652.03. This represents a 28.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 383,553 shares of company stock valued at $10,118,016 over the last three months. Company insiders own 3.20% of the company's stock.

D-Wave Quantum Trading Down 0.8%

Shares of D-Wave Quantum stock opened at $27.59 on Thursday. D-Wave Quantum Inc. has a 12-month low of $12.75 and a 12-month high of $46.75. 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 stock has a market cap of $10.21 billion, a PE ratio of -24.42 and a beta of 1.95. The company has a 50-day moving average of $19.03 and a two-hundred day moving average of $22.10.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate 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 company's quarterly revenue was down 80.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.02) earnings per share. On average, research analysts anticipate that D-Wave Quantum Inc. will post -0.44 EPS for the current fiscal year.

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.

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