Dimensional Fund Advisors LP Buys 106,324 Shares of D-Wave Quantum Inc. $QBTS

Key Points

• Dimensional Fund Advisors increased its D-Wave Quantum stake by 289.4%, purchasing 106,324 additional shares to own 143,064 shares valued at approximately $2.06 million. Institutional investors collectively hold 42.47% of the company.
• Insiders have been reducing their positions: CEO Alan Baratz and CFO John Markovich sold shares worth approximately $18.0 million and $9.1 million, respectively, while insiders sold $35.8 million of stock over the past 90 days.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $36.36 target price, but D-Wave’s latest quarter missed earnings and revenue expectations and the company continues to report substantial losses.

Dimensional Fund Advisors LP grew its stake in D-Wave Quantum Inc. (NASDAQ:QBTS - Free Report) by 289.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,064 shares of the company's stock after buying an additional 106,324 shares during the period. Dimensional Fund Advisors LP's holdings in D-Wave Quantum were worth $2,064,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. UBS Group AG lifted 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 worth $298,737,000 after purchasing an additional 10,205,427 shares during the last quarter. Geode Capital Management LLC grew its holdings in D-Wave Quantum by 11.5% during the fourth quarter. Geode Capital Management LLC now owns 8,394,726 shares of the company's stock valued at $220,085,000 after purchasing an additional 866,405 shares during the last quarter. State Street Corp raised its position in shares of D-Wave Quantum by 5.3% in the fourth quarter. State Street Corp now owns 7,707,085 shares of the company's stock valued at $201,540,000 after purchasing an additional 385,809 shares during the period. Marex Group plc raised its position in shares of D-Wave Quantum by 74.9% in the fourth quarter. Marex Group plc now owns 4,592,656 shares of the company's stock valued at $120,098,000 after purchasing an additional 1,966,500 shares during the period. Finally, Clear Street Group Inc. raised its position in shares of D-Wave Quantum by 40.4% in the fourth quarter. Clear Street Group Inc. now owns 4,281,254 shares of the company's stock valued at $111,955,000 after purchasing an additional 1,232,106 shares during the period. Institutional investors and hedge funds own 42.47% of the company's stock.

Insider Activity

In other D-Wave Quantum news, CEO Alan E. Baratz sold 687,627 shares of the company's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $26.13, for a total value of $17,967,693.51. Following the completion of the transaction, the chief executive officer owned 3,299,771 shares of the company's stock, valued at $86,223,016.23. This represents a 17.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John M. Markovich sold 328,752 shares of the firm's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $27.70, for a total value of $9,106,430.40. Following the completion of the sale, the chief financial officer owned 1,442,820 shares of the company's stock, valued at $39,966,114. This represents a 18.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,363,842 shares of company stock valued at $35,789,148. Corporate insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on QBTS. Jefferies Financial Group set a $40.00 price objective on shares of D-Wave Quantum in a report on Friday, August 7th. Northland Securities assumed coverage on shares of D-Wave Quantum in a research report on Monday, April 20th. They set a "market perform" rating and a $22.00 target price for the company. Mizuho upped their price target on shares of D-Wave Quantum from $29.00 to $35.00 and gave the company an "outperform" rating in a report on Monday, June 15th. Roth Capital restated a "buy" rating and set a $30.00 price target on shares of D-Wave Quantum in a report on Thursday, August 6th. Finally, Zacks Research raised D-Wave Quantum from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $36.36.

D-Wave Quantum Trading Up 0.8%

Shares of QBTS stock opened at $20.90 on Friday. The firm has a market capitalization of $7.73 billion, a P/E ratio of -29.44 and a beta of 2.15. D-Wave Quantum Inc. has a 1 year low of $12.75 and a 1 year high of $46.75. The firm's fifty day simple moving average is $21.09 and its 200 day simple moving average is $20.36. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NASDAQ:QBTS - Get Free Report) last posted its quarterly 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 company had revenue of $3.08 million during the quarter, compared to analyst estimates of $4.03 million. D-Wave Quantum had a negative return on equity of 28.19% and a negative net margin of 2,001.59%.The business's revenue for the quarter was down 0.6 on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.08) earnings per share. As a group, sell-side analysts predict that D-Wave Quantum Inc. will post -0.42 EPS for the current year.

More D-Wave Quantum News

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

• Positive Sentiment: Analyst confidence remains strong. Mizuho maintained an Outperform rating, describing D-Wave as well positioned in quantum computing, while Cantor Fitzgerald and Evercore ISI reaffirmed their Buy ratings. These endorsements may support the stock by reinforcing expectations for long-term growth. D-Wave Stock Is Well Positioned Cantor Fitzgerald Buy Rating Evercore ISI Buy Rating
• Positive Sentiment: Canadian government funding advances D-Wave’s commercial technology. D-Wave was awarded up to C$300,000 from the National Research Council of Canada to develop algorithms and open-source software for larger optimization problems on its Advantage2 annealing systems. While modest financially, the award validates the company’s technology and could help expand commercial use. D-Wave Awarded Canadian Research Funding
• Positive Sentiment: Investor comparisons highlight D-Wave’s bookings and commercial opportunity. A review of quantum stocks characterized D-Wave’s bookings as a key strength, while broader industry coverage points to commercial adoption, revenue growth and partnerships as potential sources of substantial upside. Quantum Stock Comparison Quantum Stocks With Upside
• Neutral Sentiment: Recent reports on Infleqtion and Quantinuum show that quantum peers are also attracting contracts, partnerships and investor interest. This supports sector momentum but may increase competition for D-Wave. Infleqtion Revenue Growth Quantinuum Earnings
• Negative Sentiment: Financial results remain a concern. D-Wave’s latest quarter missed both earnings and revenue expectations, and the company continues to report significant losses. That weak near-term financial performance could limit gains if commercial bookings do not translate into sustained revenue growth.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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