Encompass More Asset Management Invests $1.06 Million in D-Wave Quantum Inc. $QBTS

Key Points

• Encompass More Asset Management acquired a new Q4 position of 40,670 shares in D‑Wave (~$1.06M), and several other institutions (e.g., Mitsubishi UFJ, Truist) also added stakes, leaving institutional ownership at about 42.47%.
• D‑Wave missed FQ4 estimates, reporting EPS of ($0.09) vs. ($0.05) expected and revenue of $2.75M vs. $3.74M expected, though revenue was up 21.7% YoY; the company remains unprofitable with very large negative margins.
• Near‑term catalysts include the June 18 "Qubits Europe 2026" user conference and broader quantum‑stock momentum, and analysts hold a consensus Moderate Buy with a ~$35.53 target, but recent insider selling and volatile institutional flows pose downside risk.

Encompass More Asset Management acquired a new position in shares of D-Wave Quantum Inc. (NYSE:QBTS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 40,670 shares of the company's stock, valued at approximately $1,064,000.

Several other large investors also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of D-Wave Quantum during the 4th quarter worth approximately $1,108,000. Truist Financial Corp grew its position in shares of D-Wave Quantum by 87.0% during the 4th quarter. Truist Financial Corp now owns 38,892 shares of the company's stock worth $1,017,000 after buying an additional 18,090 shares during the period. AlphaStar Capital Management LLC grew its position in D-Wave Quantum by 2.2% in the 4th quarter. AlphaStar Capital Management LLC now owns 27,063 shares of the company's stock valued at $708,000 after purchasing an additional 592 shares during the period. Benjamin Edwards Inc. acquired a new stake in D-Wave Quantum in the 4th quarter valued at $201,000. Finally, Strs Ohio grew its position in D-Wave Quantum by 8.3% in the 4th quarter. Strs Ohio now owns 59,700 shares of the company's stock valued at $1,561,000 after purchasing an additional 4,600 shares during the period. Institutional investors and hedge funds own 42.47% of the company's stock.

D-Wave Quantum Price Performance

Shares of NYSE:QBTS opened at $23.85 on Thursday. 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 stock's fifty day simple moving average is $17.62 and its two-hundred day simple moving average is $23.09. D-Wave Quantum Inc. has a 1-year low of $6.82 and a 1-year high of $46.75. The stock has a market cap of $8.82 billion, a PE ratio of -21.68 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) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 58.58%. The company had revenue of $2.75 million for the quarter, compared to the consensus estimate of $3.74 million. The business's revenue was up 21.7% on a year-over-year basis. As a group, analysts forecast that D-Wave Quantum Inc. will post -0.44 EPS for the current fiscal year.

Key D-Wave Quantum News

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

• Positive Sentiment: D-Wave announced "Qubits Europe 2026: Quantum Realized," a full‑day user conference in London on June 18 that will showcase customer use cases and provide roadmap updates across annealing, gate-model and hybrid software — a clear short‑term catalyst for visibility and pre‑earnings interest. D-Wave Announces Qubits Europe 2026 Quantum Computing User Conference
• Positive Sentiment: Sector lift: quantum‑stock momentum (IonQ, Rigetti and D‑Wave) is drawing group flows into QBTS, amplifying gains as traders position ahead of earnings. This spillover is a major driver of today's upward move. Which Quantum Computing Stock Has Dominated in 2026: IonQ, Rigetti, or D-Wave?
• Positive Sentiment: Analyst bullishness and upside calls: recent writeups (e.g., Zacks) highlight >75% upside scenarios into earnings and several firms maintain Buy/Outperform ratings and mid‑$30s to $40+ targets — supporting investor conviction. Best Stocks for May: QBTS, RGTI With 75% Target Upside Before Earnings
• Positive Sentiment: Street sentiment ahead of FQ1: most analysts covering QBTS remain bullish (majority Buy/Outperform), and consensus models show modest revenue growth expectations into the May earnings release, which is encouraging for momentum traders. Here’s What the Street Thinks About D-Wave Quantum (QBTS) Ahead of FQ1 2026 Earnings
• Neutral Sentiment: Nvidia's new Ising AI models and broader tooling advances may complement D‑Wave's commercial path, but the practical impact and timing on D‑Wave's revenue or margins remain uncertain. Is Nvidia’s New Quantum Push Quietly Reframing D‑Wave Quantum’s (QBTS) Path to Commercial Scale?
• Neutral Sentiment: Analyst price‑target aggregation and institutional activity show mixed flows (some large adds and large reductions by institutions), producing both headline targets (median around $40) and volatility from portfolio rebalancing. D-Wave Quantum (QBTS) jumps 9.1% as investors react to Europe event news and a broader quantum-stock bid ahead of earnings
• Negative Sentiment: Significant insider selling has been reported recently (including multiple senior executive sales), which can weigh on sentiment and suggests insiders are monetizing positions even as the stock rallies. $QBTS Insider Trading Activity (Quiver Quantitative)
• Negative Sentiment: Fundamentals risk: recent quarterly results showed an EPS and revenue miss (and large negative margins), leaving QBTS exposed to downside if upcoming FQ1 results fail to show continued revenue growth or a clear path to improving profitability. Earnings preview and risks

Insider Buying and Selling

In other D-Wave Quantum news, VP Sophie C. Ames sold 3,070 shares of the firm's stock in a transaction on Monday, April 20th. The stock was sold at an average price of $21.35, for a total transaction of $65,544.50. Following the transaction, the vice president directly owned 643,678 shares in the company, valued at approximately $13,742,525.30. This trade represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rohit Ghai sold 10,000 shares of the firm's stock in a transaction on Monday, March 16th. The shares were sold at an average price of $17.62, for a total value of $176,200.00. Following the transaction, the director owned 27,778 shares in the company, valued at approximately $489,448.36. This trade represents a 26.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 31,776 shares of company stock valued at $574,571 in the last 90 days. Insiders own 3.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on QBTS. Mizuho reduced their price target on shares of D-Wave Quantum from $46.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, February 27th. Canaccord Genuity Group set a $43.00 price target on shares of D-Wave Quantum in a research report on Thursday, January 29th. Weiss Ratings downgraded shares of D-Wave Quantum from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Wednesday, April 29th. Zacks Research raised shares of D-Wave Quantum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen downgraded shares of D-Wave Quantum from a "hold" rating to a "sell" rating in a research report on Saturday, February 7th. Fourteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.53.

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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