D-Wave Quantum Inc. $QBTS Shares Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP increased its D-Wave Quantum position by 521.9% in the second quarter, acquiring 321,864 additional shares and ending with 383,539 shares valued at approximately $9.2 million. Institutional investors and hedge funds collectively own 42.47% of QBTS.
• D-Wave reported weaker-than-expected quarterly results, with an adjusted loss of $0.10 per share versus the $0.08 consensus estimate and revenue of $3.08 million against expectations of $4.03 million. The company continues to operate with substantial negative margins and analysts expect a full-year loss.
• Despite mixed ratings, Wall Street’s consensus view remains “Moderate Buy”, with 13 Buy ratings, two Holds and one Sell; the average price target is $36.27 compared with the stock’s recent price of $16.27.

Corient Private Wealth LP grew its position in D-Wave Quantum Inc. (NASDAQ:QBTS - Free Report) by 521.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 383,539 shares of the company's stock after acquiring an additional 321,864 shares during the quarter. Corient Private Wealth LP owned about 0.10% of D-Wave Quantum worth $9,201,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC raised its stake in D-Wave Quantum by 388.0% in the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company's stock valued at $26,000 after purchasing an additional 776 shares during the last quarter. Fiduciary Financial Advisors purchased a new position in D-Wave Quantum in the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its stake in D-Wave Quantum by 267.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company's stock worth $30,000 after purchasing an additional 838 shares during the last quarter. Ancora Advisors LLC acquired a new stake in D-Wave Quantum during the 2nd quarter worth $39,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of D-Wave Quantum during the second quarter worth $39,000. 42.47% of the stock is owned by institutional investors and hedge funds.

D-Wave Quantum Trading Down 0.9%

QBTS opened at $16.27 on Thursday. D-Wave Quantum Inc. has a 52 week low of $12.75 and a 52 week high of $46.75. 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 has a fifty day simple moving average of $18.39 and a 200-day simple moving average of $19.93. The firm has a market cap of $6.02 billion, a P/E ratio of -22.92 and a beta of 2.15.

D-Wave Quantum (NASDAQ:QBTS - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The firm had revenue of $3.08 million for the quarter, compared to analyst estimates of $4.03 million. D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%.D-Wave Quantum's revenue was down 0.6 on a year-over-year basis. During the same period in the previous year, the company posted ($0.08) EPS. On average, equities analysts expect that D-Wave Quantum Inc. will post -0.46 earnings per share for the current year.

Insider Activity

In other news, VP Sophie Ames sold 3,070 shares of the firm's stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $16.95, for a total value of $52,036.50. Following the completion of the transaction, the vice president owned 589,009 shares of the company's stock, valued at approximately $9,983,702.55. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on QBTS. Wall Street Zen raised shares of D-Wave Quantum from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. B. Riley Financial increased their price target on D-Wave Quantum from $36.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, June 2nd. Needham & Company LLC reiterated a "buy" rating and set a $40.00 price objective on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. BMO Capital Markets assumed coverage on D-Wave Quantum in a report on Thursday, August 20th. They issued an "outperform" rating and a $35.00 target price for the company. Finally, Zacks Research downgraded D-Wave Quantum from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 18th. Thirteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.27.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: The Commerce Department reportedly awarded D-Wave a $100 million CHIPS Act grant, providing non-dilutive funding that could support research, hardware development and commercialization. The award is a notable positive catalyst for D-Wave relative to peers that were excluded from this funding round. Breaking Down the Impact of the CHIPS Funding Deal for Quantum Firms
• Positive Sentiment: D-Wave will host its Qubits Asia 2026 user conference in Seoul on October 28 and plans to demonstrate its dual-platform strategy at Quantum World Congress later this month. The events may help showcase customer use cases and expand commercial visibility in the Asia-Pacific and U.S. markets. D-Wave to Host Qubits Asia 2026 Quantum Computing User Conference in Seoul D-Wave to Showcase Unique Dual-Platform Quantum Computing at Quantum World Congress 2026
• Neutral Sentiment: Research involving NVIDIA’s CUDA-Q platform suggests that AI-assisted quantum-circuit compilation can sharply reduce execution-planning time. The development supports the broader hybrid quantum-computing ecosystem and could benefit D-Wave, although the reported breakthrough was primarily tied to other researchers and does not yet demonstrate direct revenue for QBTS. Cashing in on the Qubit: NVIDIA Takes the Quantum Leap
• Negative Sentiment: Investors remain concerned after D-Wave reported second-quarter revenue of about $3.1 million, below expectations, and an adjusted loss larger than forecast. Analysts are seeking clearer evidence of commercial growth, while the stock has fallen roughly 40% in 2026. What Might It Take for D-Wave to Reset Its Course?
• Negative Sentiment: Pomerantz and Kessler Topaz Meltzer & Check announced investigations into potential securities-law violations involving D-Wave. Although these notices do not establish wrongdoing, they add headline, litigation and reputational risk for shareholders. Pomerantz Investor Alert Kessler Topaz QBTS Investigation

D-Wave Quantum Company Profile

D-Wave Quantum Inc develops quantum computing systems, software, and services for commercial, government, and research customers. The company is best known for its quantum annealing technology, which is designed to help solve complex optimization problems involving areas such as logistics, scheduling, manufacturing, artificial intelligence, and financial modeling.

D-Wave also develops gate-model quantum computing technology and provides access to its systems through cloud-based services, including the Leap quantum application environment.

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