Deutsche Bank AG Invests $11.90 Million in D-Wave Quantum Inc. $QBTS

Deutsche Bank AG purchased a new stake in D-Wave Quantum Inc. (NASDAQ:QBTS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 495,858 shares of the company's stock, valued at approximately $11,896,000. Deutsche Bank AG owned about 0.13% of D-Wave Quantum as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG grew its holdings in D-Wave Quantum by 541.6% in the 3rd quarter. UBS Group AG now owns 12,089,703 shares of the company's stock valued at $298,737,000 after buying an additional 10,205,427 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of D-Wave Quantum by 11.5% in the 4th quarter. Geode Capital Management LLC now owns 8,394,726 shares of the company's stock worth $220,085,000 after acquiring an additional 866,405 shares during the last quarter. State Street Corp raised its holdings in shares of D-Wave Quantum by 5.3% during the 4th quarter. State Street Corp now owns 7,707,085 shares of the company's stock worth $201,540,000 after acquiring an additional 385,809 shares during the period. Marex Group plc raised its holdings in shares of D-Wave Quantum by 74.9% during the 4th quarter. Marex Group plc now owns 4,592,656 shares of the company's stock worth $120,098,000 after acquiring an additional 1,966,500 shares during the period. Finally, Clear Street Group Inc. raised its holdings in shares of D-Wave Quantum by 40.4% during the 4th quarter. Clear Street Group Inc. now owns 4,281,254 shares of the company's stock worth $111,955,000 after acquiring an additional 1,232,106 shares during the period. Hedge funds and other institutional investors own 42.47% of the company's stock.

Insider Transactions at D-Wave Quantum

In related news, CFO John M. Markovich sold 200,000 shares of D-Wave Quantum stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $25.71, for a total value of $5,142,000.00. Following the completion of the sale, the chief financial officer owned 1,142,820 shares in the company, valued at approximately $29,381,902.20. This trade represents a 14.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Rohit Ghai sold 13,518 shares of D-Wave Quantum stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $26.41, for a total transaction of $357,010.38. Following the completion of the sale, the director owned 23,617 shares of the company's stock, valued at $623,724.97. This trade represents a 36.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,012,065 shares of company stock worth $26,245,703. 1.30% of the stock is owned by company insiders.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: BMO initiated coverage with an Outperform rating and a $35 price target, implying roughly 85%–86% upside from recent levels. The firm highlighted D-Wave’s commercial revenue potential, providing a significant catalyst for the stock. D-Wave Quantum Stock Climbs as BMO Turns Bullish
• Positive Sentiment: NTT DOCOMO deployed a second production application powered by D-Wave to improve mobile-network planning and efficiency. The deployment expands the relationship beyond pilot projects and offers evidence that D-Wave’s technology is being used in commercial telecom operations. D-Wave Lands Second Production Telecom Application
• Positive Sentiment: D-Wave’s order and contracted-revenue indicators remain strong. First-half bookings reportedly surged 1,120% year over year to $35.5 million, while remaining performance obligations rose 668% to $40.7 million. Nearly $23 million of contracted revenue could be recognized within 12 months, and commercial customers generated 67.7% of first-half revenue. D-Wave: Demand Is Outrunning Revenue
• Neutral Sentiment: Analysts and market commentary are increasingly focused on whether D-Wave can convert customer interest, bookings and production applications into sustained revenue and eventual profitability. Some quantum stocks continue to attract attention for their growth prospects despite a tougher market. Quantum Stocks Face Reality Check
• Negative Sentiment: Valuation remains a concern. After approximately a 15-fold three-year gain, D-Wave screens as expensive on valuation measures, raising the risk that substantial future progress is already reflected in the share price. D-Wave Quantum Stock Looks Expensive
• Negative Sentiment: Quantum-computing stocks have recently faced broad sector selling, while Zacks Research downgraded D-Wave from “Strong Buy” to “Hold.” These factors could limit gains even as company-specific news improves sentiment. Quantum Stock Selloff

Analyst Ratings Changes

QBTS has been the subject of a number of analyst reports. Rosenblatt Securities reissued a "buy" rating and issued a $43.00 price objective on shares of D-Wave Quantum in a report on Friday, August 7th. Wedbush assumed coverage on shares of D-Wave Quantum in a research note on Monday, August 3rd. They set an "outperform" rating and a $40.00 target price on the stock. B. Riley Financial boosted their target price on shares of D-Wave Quantum from $36.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, June 2nd. Zacks Research downgraded shares of D-Wave Quantum from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 18th. Finally, Benchmark initiated coverage on D-Wave Quantum in a report on Monday, July 27th. They issued a "buy" rating and a $30.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, D-Wave Quantum has a consensus rating of "Moderate Buy" and a consensus price target of $36.27.

D-Wave Quantum Stock Up 8.5%

Shares of QBTS opened at $20.39 on Friday. The company's 50-day moving average price is $20.62 and its 200 day moving average price is $20.24. D-Wave Quantum Inc. has a 12-month low of $12.75 and a 12-month high of $46.75. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03. The firm has a market cap of $7.54 billion, a P/E ratio of -28.72 and a beta of 2.15.

D-Wave Quantum (NASDAQ:QBTS - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share 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 for the quarter, compared to analysts' expectations of $4.03 million. During the same period last year, the business earned ($0.08) EPS. The company's quarterly revenue was down 0.6 compared to the same quarter last year. On average, sell-side analysts forecast that D-Wave Quantum Inc. will post -0.46 earnings per share for the current year.

D-Wave Quantum 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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