D-Wave Quantum Inc. $QBTS Holdings Lowered by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its holdings in D-Wave Quantum Inc. (NYSE:QBTS - Free Report) by 18.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,473 shares of the company's stock after selling 26,150 shares during the period. State of New Jersey Common Pension Fund D's holdings in D-Wave Quantum were worth $3,072,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ancora Advisors LLC acquired a new position in shares of D-Wave Quantum in the 3rd quarter worth approximately $30,000. Kelleher Financial Advisors acquired a new position in shares of D-Wave Quantum in the 3rd quarter worth approximately $40,000. Valley National Advisers Inc. grew its stake in shares of D-Wave Quantum by 222.2% in the 4th 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 during the last quarter. Larson Financial Group LLC grew its stake in shares of 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 worth $46,000 after purchasing an additional 1,754 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of D-Wave Quantum by 133.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,925 shares of the company's stock worth $48,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 42.47% of the company's stock.

D-Wave Quantum News Roundup

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

• Positive Sentiment: Strong analyst sentiment: most Wall Street coverage is bullish (15 of 17 analysts remain Buys), and consensus expectations ahead of FQ1 are modest (about $4.14M revenue, GAAP EPS ≈ -$0.10), supporting investor confidence. Here’s What the Street Thinks About D-Wave Quantum (QBTS) Ahead of FQ1 2026 Earnings
• Positive Sentiment: Customer-facing events to drive visibility and pipeline: D-Wave announced Qubits Europe 2026 (London, June 18) and is planning investor/user showcases — these events can accelerate sales, partnerships and real-world proof points. D-Wave Announces Qubits Europe 2026 Quantum Computing User Conference
• Positive Sentiment: Broader AI/quantum ecosystem tailwinds: Nvidia’s new Ising AI models and other software advances are drawing investor attention to practical quantum workflows — this reframing can lift prospects for D-Wave’s annealing and emerging gate-model offerings. Is Nvidia’s New Quantum Push Quietly Reframing D-Wave Quantum’s (QBTS) Path to Commercial Scale?
• Neutral Sentiment: Upcoming FQ1 earnings create a near-term catalyst and risk — expectations are modest but the market will react to revenue/guide and any update on customer traction. Here’s What the Street Thinks About D-Wave Quantum (QBTS) Ahead of FQ1 2026 Earnings
• Neutral Sentiment: Corporate governance/retention move: the company amended CEO compensation to support growth; this may aid continuity but could concern some investors about dilution/costs. D-Wave Quantum Enhances CEO Compensation to Support Growth
• Negative Sentiment: Execution risk from recent results: last reported quarter missed consensus (EPS and revenue), so the company must show improved near-term revenue and margin trends to justify the rally. (Background: prior quarter EPS and revenue shortfalls weigh on expectations.)
• Negative Sentiment: Competitive and valuation pressure: rival hardware players (e.g., IonQ) and differentiated technology milestones remain market drivers — analysts watching hardware fidelity and algorithmic qubit metrics could re-rate peers, adding downside if D‑Wave lags. How IONQ Stock Rises 10x To $500

Insider Activity

In other news, Director John D. Dilullo sold 8,000 shares of D-Wave Quantum stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $18.01, for a total value of $144,080.00. Following the transaction, the director directly owned 19,803 shares of the company's stock, valued at $356,652.03. This trade represents a 28.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Sophie C. Ames sold 3,070 shares of D-Wave Quantum stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $21.35, for a total transaction of $65,544.50. Following the completion of the transaction, the vice president directly owned 643,678 shares in the company, valued at approximately $13,742,525.30. This trade represents a 0.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 31,776 shares of company stock valued at $574,571. 3.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of D-Wave Quantum in a research note on Thursday, February 12th. They issued a "buy" rating on the stock. Benchmark reaffirmed a "buy" rating and issued a $35.00 price objective on shares of D-Wave Quantum in a research note on Friday, January 23rd. Weiss Ratings cut shares of D-Wave Quantum from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Wednesday, April 29th. Roth Mkm lowered their price objective on shares of D-Wave Quantum from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. Finally, Zacks Research raised shares of D-Wave Quantum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $35.53.

D-Wave Quantum Stock Performance

D-Wave Quantum stock opened at $21.53 on Wednesday. The firm's 50 day simple moving average is $17.51 and its 200-day simple moving average is $23.21. The company has a market cap of $7.96 billion, a P/E ratio of -19.57 and a beta of 1.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 42.38 and a quick ratio of 42.25. D-Wave Quantum Inc. has a fifty-two week low of $6.82 and a fifty-two week high of $46.75.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The firm had revenue of $2.75 million during the quarter, compared to analysts' expectations of $3.74 million. D-Wave Quantum had a negative return on equity of 58.58% and a negative net margin of 1,444.10%.D-Wave Quantum's quarterly revenue was up 21.7% compared to the same quarter last year. As a group, equities research analysts predict that D-Wave Quantum Inc. will post -0.44 EPS for the current 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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