D-Wave Quantum Inc. $QBTS Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group trimmed its stake in D‑Wave by 4% in Q4 but still owns 36,909,069 shares (about 10.54%) valued at roughly $965.2 million.
• Analyst coverage is mixed but leans positive — MarketBeat shows a consensus "Moderate Buy" with an average price target of $35.53 and multiple Buy ratings — however, D‑Wave reported an earnings and revenue miss, deeply negative margins, and remains a high‑beta, execution‑risk trade.
• Insiders have been selling recently (CFO sold 10,706 shares; a director sold 8,000), with 31,776 shares sold in the last 90 days and insiders owning about 3.20% of the company, indicating some profit taking.

Vanguard Group Inc. reduced its holdings in D-Wave Quantum Inc. (NYSE:QBTS - Free Report) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,909,069 shares of the company's stock after selling 1,545,800 shares during the quarter. Vanguard Group Inc. owned approximately 10.54% of D-Wave Quantum worth $965,172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in QBTS. Ancora Advisors LLC acquired a new position in D-Wave Quantum in the third quarter valued at $30,000. Financial Consulate Inc. acquired a new position in D-Wave Quantum in the third quarter valued at $31,000. Kelleher Financial Advisors acquired a new position in D-Wave Quantum in the third quarter valued at $40,000. Valley National Advisers Inc. increased its stake in D-Wave Quantum by 222.2% in the fourth quarter. Valley National Advisers Inc. now owns 1,595 shares of the company's stock valued at $41,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in D-Wave Quantum by 1,754.0% in the third quarter. Larson Financial Group LLC now owns 1,854 shares of the company's stock valued at $46,000 after purchasing an additional 1,754 shares during the last quarter. 42.47% of the stock is currently owned by institutional investors and hedge funds.

Key D-Wave Quantum News

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

• Positive Sentiment: Management is staging its first-ever Investor Day at the New York Stock Exchange, increasing visibility with institutional investors and providing a forum to present roadmaps for revenue, bookings and product strategy. This can support near-term sentiment and liquidity. D-Wave Quantum (QBTS) to Host First-Ever Investor Day at the New York Stock Exchange
• Positive Sentiment: Zacks upgraded QBTS from "strong sell" to "hold," removing a strong negative rating and signaling modestly improved analyst sentiment — a supportive technical for the stock. Zacks upgrade / TickerReport
• Positive Sentiment: Coverage and comparison pieces highlight renewed investor interest driven by AI-quantum convergence, bookings growth and policy support — factors cited as potential upside drivers if execution and commercial traction continue. QBTS or RGTI: Which Quantum Play Will Offer Better Upside in May?
• Neutral Sentiment: Balanced analyst write-ups (bull vs. bear) lay out both long-term potential and short-term risks without a clear consensus — useful for investors but not a decisive price catalyst by itself. Bull vs. Bear: D-Wave Quantum
• Neutral Sentiment: Valuation and volatility analyses note large recent swings (big month-to-month moves and YTD weakness), which keep QBTS a high-beta trade for investors willing to accept execution risk. Assessing D-Wave Quantum (QBTS) Valuation After Recent Volatility And Contrasting Shareholder Returns
• Neutral Sentiment: Coverage of peers (e.g., Rigetti) provides comparative context — competitors’ balance-sheet strength or product progress matter for relative positioning but don’t directly move QBTS absent company-specific news. Rigetti's Balance Sheet Strength Supports Quantum Growth Path
• Negative Sentiment: Media commentary framing the broader software/tech bear market raises sector headwinds and questions whether it's the right time to "buy the dip" in quantum stocks, which can pressure sentiment if macro risk aversion rises. Software Bear Market: Should You Buy the Dip in D-Wave Quantum Stock Right Now?
• Negative Sentiment: Fundamental headwinds persist: a recent quarterly EPS and revenue miss, deeply negative margins and ongoing net losses mean QBTS must show scaling revenue and margin improvements to justify higher valuations — execution shortfalls would weigh on the stock.

Wall Street Analysts Forecast Growth

QBTS has been the subject of several analyst reports. Wall Street Zen lowered D-Wave Quantum from a "hold" rating to a "sell" rating in a research note on Saturday, February 7th. TD Cowen initiated coverage on D-Wave Quantum in a research note on Thursday, February 12th. They issued a "buy" rating for the company. Rosenblatt Securities reiterated a "buy" rating and issued a $43.00 target price on shares of D-Wave Quantum in a research note on Wednesday, January 28th. Mizuho dropped their target price on D-Wave Quantum from $46.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, February 27th. Finally, Canaccord Genuity Group set a $43.00 target price on D-Wave Quantum in a research note on Thursday, January 29th. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $35.53.

Insider Buying and Selling

In other D-Wave Quantum news, CFO John M. Markovich sold 10,706 shares of the business's stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $17.63, for a total transaction of $188,746.78. Following the transaction, the chief financial officer owned 1,451,427 shares in the company, valued at $25,588,658.01. The trade was a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John D. Dilullo sold 8,000 shares of the business's stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $18.01, for a total value of $144,080.00. Following the transaction, the director owned 19,803 shares in the company, valued at approximately $356,652.03. This represents a 28.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 31,776 shares of company stock worth $574,571. Company insiders own 3.20% of the company's stock.

D-Wave Quantum Price Performance

QBTS stock opened at $20.50 on Friday. The stock has a 50-day moving average price of $17.44 and a two-hundred day moving average price of $23.63. D-Wave Quantum Inc. has a 12-month low of $6.82 and a 12-month high of $46.75. The company has a current ratio of 42.38, a quick ratio of 42.25 and a debt-to-equity ratio of 0.04. The company has a market cap of $7.58 billion, a PE ratio of -18.63 and a beta of 1.95.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.04). The company had revenue of $2.75 million for the quarter, compared to analyst estimates 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%.The business's revenue was up 21.7% compared to the same quarter last year. As a group, research analysts predict that D-Wave Quantum Inc. will post -0.44 EPS for the current year.

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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