Foundations Investment Advisors LLC Purchases 60,050 Shares of D-Wave Quantum Inc. $QBTS

Key Points

• Foundations Investment Advisors LLC increased its D-Wave Quantum stake by 14.6% in the fourth quarter, buying 60,050 more shares and bringing its total to 471,032 shares worth about $12.3 million.
• Institutional interest in QBTS remains notable, with several other firms also boosting positions, and institutions now owning 42.47% of the company.
• Sentiment is mixed: analysts still mostly rate the stock a Moderate Buy, but insider selling has been significant, including CFO John Markovich’s sale of 328,752 shares and 383,553 insider shares sold over the last 90 days.

Foundations Investment Advisors LLC boosted its position in shares of D-Wave Quantum Inc. (NYSE:QBTS - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 471,032 shares of the company's stock after purchasing an additional 60,050 shares during the period. Foundations Investment Advisors LLC owned about 0.13% of D-Wave Quantum worth $12,317,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mutual Advisors LLC bought a new position in shares of D-Wave Quantum in the 3rd quarter valued at about $1,069,000. Federated Hermes Inc. grew its holdings in shares of D-Wave Quantum by 259,560.6% in the 3rd quarter. Federated Hermes Inc. now owns 184,359 shares of the company's stock valued at $4,556,000 after acquiring an additional 184,288 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of D-Wave Quantum by 370.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 96,248 shares of the company's stock valued at $2,378,000 after acquiring an additional 75,807 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of D-Wave Quantum by 254.7% in the 4th quarter. SG Americas Securities LLC now owns 2,272,020 shares of the company's stock valued at $59,413,000 after acquiring an additional 1,631,415 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of D-Wave Quantum by 61.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 104,661 shares of the company's stock valued at $2,801,000 after acquiring an additional 39,751 shares in the last quarter. Institutional investors own 42.47% of the company's stock.

Insider Transactions at D-Wave Quantum

In other news, Director John D. Dilullo sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $18.01, for a total transaction of $144,080.00. Following the completion of the sale, the director owned 19,803 shares in the company, valued at $356,652.03. The trade was a 28.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John M. Markovich sold 328,752 shares of the business'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 sale, the chief financial officer 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. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 383,553 shares of company stock worth $10,118,016. Insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on QBTS shares. Roth Mkm decreased their price objective on D-Wave Quantum from $40.00 to $30.00 and set a "buy" rating for the company in a report on Friday, February 27th. TD Cowen initiated coverage on D-Wave Quantum in a report on Thursday, February 12th. They set a "buy" rating for the company. Weiss Ratings cut D-Wave Quantum from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, April 29th. Jefferies Financial Group reiterated a "buy" rating on shares of D-Wave Quantum in a report on Tuesday, May 12th. Finally, Wall Street Zen cut D-Wave Quantum from a "hold" rating to a "sell" rating in a report on Saturday, February 7th. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $34.67.

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 Trading Up 7.4%

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

D-Wave Quantum (NYSE:QBTS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.03. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.The business had revenue of $2.86 million during the quarter, compared to analysts' expectations of $4.19 million. During the same quarter last year, the company posted ($0.02) earnings per share. D-Wave Quantum's quarterly revenue was down 80.9% on a year-over-year basis. Analysts expect that D-Wave Quantum Inc. will post -0.44 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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