B&D White Capital Company LLC Purchases 83,000 Shares of D-Wave Quantum Inc. $QBTS

Key Points

• B&D White Capital initiated a D-Wave Quantum position by buying 83,000 shares in the third quarter, valued at about $1.375 million. Institutional investors collectively own 42.47% of the stock.
• Analysts give QBTS a consensus “Moderate Buy” rating and a $35.40 average price target, though the stock recently opened at $9.05 and has fallen substantially from its 52-week high of $32.39.
• D-Wave reported quarterly revenue of $3.08 million, below estimates, and a loss of $0.10 per share. The article also cites a pending securities class action and broader weakness in quantum stocks as potential headwinds, alongside reported improvements to D-Wave’s hybrid solver.

B&D White Capital Company LLC purchased a new stake in shares of D-Wave Quantum Inc. (NASDAQ:QBTS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 83,000 shares of the company's stock, valued at approximately $1,375,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Fiduciary Financial Advisors bought a new position in D-Wave Quantum during the 2nd quarter worth approximately $25,000. Ancora Advisors LLC purchased a new position in D-Wave Quantum in the 2nd quarter worth approximately $39,000. Kelleher Financial Advisors purchased a new position in D-Wave Quantum in the 2nd quarter worth approximately $39,000. Adirondack Trust Co. lifted its position in D-Wave Quantum by 267.3% in the third quarter. Adirondack Trust Co. now owns 1,649 shares of the company's stock valued at $27,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in D-Wave Quantum by 545.5% in the first quarter. Parallel Advisors LLC now owns 1,788 shares of the company's stock valued at $26,000 after purchasing an additional 1,511 shares during the last quarter. 42.47% of the stock is owned by institutional investors.

More D-Wave Quantum News

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

• Positive Sentiment: D-Wave says its upgraded Stride hybrid solver found better solutions in 15 seconds in benchmark testing, versus 120 seconds for the previous version. It also launched a three-course Applied Quantum Optimization learning path to help businesses adopt the technology—steps that could support commercial use. D-Wave Boosts Stride Hybrid Solver Performance, Launches Developer Training to Accelerate Quantum Optimization Adoption
• Negative Sentiment: Several law firms publicized a pending securities class action against D-Wave, alleging that the company made misleading statements about its growth prospects. The case covers investors who bought shares from February 26 through August 25, 2026; the lead-plaintiff deadline is December 15. The allegations have not been proven, but the litigation headlines may weigh on sentiment. D-Wave Class Action Alert
• Negative Sentiment: Recent coverage also points to a broader quantum-sector retreat: D-Wave fell sharply in October as investors reacted to sector weakness and dilution concerns after IonQ announced a large equity offering. That backdrop may add to selling pressure on QBTS. Why D-Wave Quantum Stock Led a Quantum Computing Crash in October

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on QBTS. Benchmark started coverage on D-Wave Quantum in a research note on Monday, July 27th. They set a "buy" rating and a $30.00 price objective for the company. Jefferies Financial Group set a $40.00 target price on shares of D-Wave Quantum in a research note on Friday, August 7th. Canaccord Genuity Group set a $35.00 price target on shares of D-Wave Quantum in a report on Thursday, August 6th. BMO Capital Markets started coverage on shares of D-Wave Quantum in a report on Thursday, August 20th. They set an "outperform" rating and a $35.00 price target for the company. Finally, Zacks Research cut shares of D-Wave Quantum from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 18th. Thirteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $35.40.

D-Wave Quantum Stock Performance

Shares of QBTS opened at $9.05 on Friday. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03. The business's 50 day moving average price is $14.73 and its 200-day moving average price is $18.99. D-Wave Quantum Inc. has a 52 week low of $8.48 and a 52 week high of $32.39. The stock has a market cap of $3.35 billion, a P/E ratio of -12.75 and a beta of 2.35.

D-Wave Quantum (NASDAQ:QBTS - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02). D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%. The company had revenue of $3.08 million during the quarter, compared to the consensus estimate of $4.03 million. During the same period last year, the firm posted ($0.08) earnings per share. The company's revenue was down 0.6 compared to the same quarter last year. Equities research analysts anticipate that D-Wave Quantum Inc. will post -0.50 earnings per share for the current fiscal year.

D-Wave Quantum Profile

D-Wave Quantum Inc NASDAQ: QBTS is a quantum computing company that develops and provides quantum computing systems, software, and related services. The company focuses on both quantum annealing and gate-model quantum computing, with the goal of helping organizations address complex optimization, artificial intelligence, materials science, cybersecurity, and other computational challenges.

Its product portfolio includes quantum computing systems, hybrid quantum-classical solutions, and the Leap quantum cloud service, which gives customers access to D-Wave systems through the cloud.

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