D-Wave Quantum Inc. $QBTS Shares Bought by HighTower Advisors LLC

Key Points

• HighTower Advisors increased its D-Wave Quantum stake by 11.4% in the fourth quarter, ending with 171,079 shares valued at about $4.47 million.
• Institutional interest in QBTS remains active, with several other funds also adding positions and 42.47% of the stock now held by institutional investors and hedge funds.
• Insider activity was mixed to negative: CFO John M. Markovich sold 328,752 shares, and insiders sold a total of 383,553 shares over the last quarter, even as analysts still maintain a Moderate Buy consensus and a $34.67 target price.

HighTower Advisors LLC raised its position in D-Wave Quantum Inc. (NYSE:QBTS - Free Report) by 11.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 171,079 shares of the company's stock after buying an additional 17,547 shares during the quarter. HighTower Advisors LLC's holdings in D-Wave Quantum were worth $4,474,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of QBTS. Mutual Advisors LLC purchased a new stake in shares of D-Wave Quantum during the 3rd quarter worth $1,069,000. Federated Hermes Inc. boosted its position in shares of D-Wave Quantum by 259,560.6% during the 3rd quarter. Federated Hermes Inc. now owns 184,359 shares of the company's stock worth $4,556,000 after purchasing an additional 184,288 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of D-Wave Quantum by 370.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 96,248 shares of the company's stock worth $2,378,000 after purchasing an additional 75,807 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of D-Wave Quantum by 254.7% during the 4th quarter. SG Americas Securities LLC now owns 2,272,020 shares of the company's stock worth $59,413,000 after purchasing an additional 1,631,415 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of D-Wave Quantum by 61.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 104,661 shares of the company's stock worth $2,801,000 after purchasing an additional 39,751 shares in the last quarter. 42.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Rohit Ghai sold 10,000 shares of the business's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $17.62, for a total value of $176,200.00. Following the completion of the transaction, the director owned 27,778 shares of the company's stock, valued at approximately $489,448.36. The trade was a 26.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John M. Markovich sold 328,752 shares of the company's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $27.70, for a total transaction of $9,106,430.40. Following the transaction, the chief financial officer directly owned 1,442,820 shares of the company's stock, valued at approximately $39,966,114. This represents a 18.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 383,553 shares of company stock worth $10,118,016. Company insiders own 3.20% of the company's stock.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: Industry coverage continues to highlight quantum computing’s move toward commercial adoption, with some analysts arguing QBTS could have more upside than peers thanks to rising bookings and enterprise demand. Article Title
• Positive Sentiment: Broader news around the quantum sector suggests the market is treating commercial progress as a real catalyst, which supports investor optimism for D-Wave Quantum’s growth story. Article Title
• Neutral Sentiment: IBM’s new $10 billion quantum funding plan adds more attention to the sector overall, but it is not a direct catalyst for QBTS. It does reinforce that large tech companies are still investing heavily in quantum computing. Article Title
• Negative Sentiment: D-Wave Quantum CFO John Markovich sold 328,752 shares, trimming his position by about 18.6%. Insider selling can weigh on sentiment, especially when investors are already sensitive to valuation and profitability concerns. Article Title
• Negative Sentiment: Several reports say shares fell after a classical-computing study questioned D-Wave’s quantum advantage claims, raising doubts about one of the company’s key technology narratives. Article Title

D-Wave Quantum Price Performance

D-Wave Quantum stock opened at $29.52 on Friday. The firm's 50-day simple moving average is $19.27 and its 200 day simple moving average is $22.10. D-Wave Quantum Inc. has a 52 week low of $12.75 and a 52 week high of $46.75. The firm has a market capitalization of $10.92 billion, a PE ratio of -26.13 and a beta of 1.95. The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The firm had revenue of $2.86 million during the quarter, compared to the consensus estimate of $4.19 million. During the same quarter in the previous year, the company posted ($0.02) EPS. The firm's revenue for the quarter was down 80.9% on a year-over-year basis. On average, equities research analysts predict that D-Wave Quantum Inc. will post -0.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Cantor Fitzgerald restated an "overweight" rating and set a $40.00 target price on shares of D-Wave Quantum in a research report on Wednesday, May 13th. Needham & Company LLC restated a "buy" rating and set a $40.00 target price on shares of D-Wave Quantum in a research report on Wednesday, May 13th. TD Cowen initiated coverage on shares of D-Wave Quantum in a research report on Thursday, February 12th. They set a "buy" rating on the stock. Mizuho decreased their price objective on shares of D-Wave Quantum from $31.00 to $29.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 13th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $43.00 price objective on shares of D-Wave Quantum in a research report on Wednesday, May 13th. Fourteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, D-Wave Quantum presently has an average rating of "Moderate Buy" and a consensus target price of $34.67.

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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