Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Takes Position in D-Wave Quantum Inc. $QBTS

Key Points

• Institutional investors are adding to QBTS: Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD disclosed a new position of 129,650 D-Wave Quantum shares worth about $3.39 million in its latest 13F filing. Several other funds also opened or increased stakes, and institutional ownership now stands at 42.47%.
• Insiders have been selling shares: Director Rohit Ghai and CFO John M. Markovich recently sold stock, with Markovich’s sale being especially large at more than 328,000 shares. In total, insiders have sold 378,461 shares worth about $10.1 million over the last 90 days.
• D-Wave is emphasizing long-term quantum growth: The company outlined a roadmap targeting 100 logical qubits by 2032, along with major gains in operations and error reduction. Analysts remain broadly constructive, with a consensus rating of Moderate Buy and an average price target of $36.40.

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in D-Wave Quantum Inc. (NYSE:QBTS - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 129,650 shares of the company's stock, valued at approximately $3,390,000.

Other large investors also recently made changes to their positions in the company. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new position in D-Wave Quantum during the 4th quarter valued at about $9,946,000. Vermillion Wealth Management Inc. acquired a new position in D-Wave Quantum during the 4th quarter valued at about $60,000. Tradition Wealth Management LLC acquired a new position in D-Wave Quantum during the 4th quarter valued at about $217,000. Total Wealth Planning & Management Inc. acquired a new position in D-Wave Quantum during the 4th quarter valued at about $250,000. Finally, Cibc World Market Inc. boosted its stake in D-Wave Quantum by 295.0% during the 4th quarter. Cibc World Market Inc. now owns 54,760 shares of the company's stock valued at $1,432,000 after purchasing an additional 40,897 shares during the last quarter. 42.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other D-Wave Quantum news, Director Rohit Ghai sold 10,000 shares of D-Wave Quantum stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $17.62, for a total transaction of $176,200.00. Following the transaction, the director owned 27,778 shares of the company's stock, valued at $489,448.36. This trade represents a 26.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John M. Markovich sold 328,752 shares of D-Wave Quantum stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $27.70, for a total transaction of $9,106,430.40. Following the transaction, the chief financial officer directly owned 1,442,820 shares in the company, valued at approximately $39,966,114. This represents a 18.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 378,461 shares of company stock valued at $10,064,084 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

D-Wave Quantum News Roundup

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

• Positive Sentiment: D-Wave outlined a new roadmap targeting 100 logical qubits by 2032, with more than 1 million operations and much lower error rates through its dual-rail architecture. That kind of long-range technical progress can support the stock by reinforcing the company’s commercialization story and its position in quantum computing. D-Wave Unveils Fault-Tolerant Quantum Computing Plan: What's Ahead?
• Positive Sentiment: Recent Investor Day coverage highlighted D-Wave’s message that quantum computing is already commercial, which may be helping sustain bullish sentiment around QBTS and keeping investors focused on its long-term growth potential. D-Wave Quantum Inc. (QBTS) Analyst/Investor Day Transcript
• Positive Sentiment: The company also received a 2026 Great Place To Work certification, a modest but favorable signal about hiring culture and execution during a period of rapid expansion. D-Wave Certified as a Great Place To Work® Company
• Neutral Sentiment: Quantinuum’s IPO and media attention have lifted the profile of the broader quantum computing sector, but they have also increased trading volatility across the group, including QBTS. Quantinuum Stock Falls After Uninspiring Quantum IPO Debut. What Went Wrong?
• Negative Sentiment: QBTS was also reported to have traded lower alongside other quantum names ahead of Quantinuum’s Nasdaq debut, suggesting investors may be rotating within the sector rather than buying broadly. Rigetti, D-Wave, IonQ Stocks Sink as Quantinuum's $1.5 Billion IPO Nears Nasdaq Debut
• Negative Sentiment: Sentiment may be slightly pressured by CFO John M. Markovich’s sale of 2,908 shares, even though the transaction was small relative to his remaining holdings. SEC Form 4 for John M. Markovich

D-Wave Quantum Price Performance

D-Wave Quantum stock opened at $23.87 on Monday. D-Wave Quantum Inc. has a 52 week low of $12.75 and a 52 week high of $46.75. The company's 50 day moving average price is $20.70 and its two-hundred day moving average price is $22.20. The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03. The stock has a market cap of $8.83 billion, a P/E ratio of -21.12 and a beta of 2.05.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The firm had revenue of $2.86 million for the quarter, compared to analysts' expectations of $4.19 million. During the same quarter last year, the firm earned ($0.02) EPS. The company's quarterly revenue was down 80.9% compared to the same quarter last year. On average, equities analysts predict that D-Wave Quantum Inc. will post -0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Cowen assumed coverage on D-Wave Quantum in a research note on Thursday, February 12th. They set a "buy" rating for the company. Weiss Ratings downgraded D-Wave Quantum from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Wednesday, April 29th. Canaccord Genuity Group cut their price target on D-Wave Quantum from $43.00 to $41.00 and set a "buy" rating for the company in a research note on Wednesday, May 13th. Stifel Nicolaus set a $35.00 price target on D-Wave Quantum in a research note on Tuesday, June 2nd. Finally, B. Riley Financial lifted their price target on D-Wave Quantum from $36.00 to $40.00 and gave the company a "buy" rating in a research note on Tuesday, June 2nd. Fourteen 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $36.40.

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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