Laidlaw Wealth Management LLC Invests $976,000 in D-Wave Quantum Inc. $QBTS

Key Points

• Laidlaw Wealth Management initiated a $976,000 position in D-Wave Quantum, purchasing 40,701 shares that represent 2.8% of its portfolio. Institutional investors collectively own 42.47% of QBTS, with several major firms increasing their stakes.
• D-Wave is receiving positive commercial and analyst attention: BMO initiated coverage with an Outperform rating and a $35 target, while NTT DOCOMO deployed a second production application using D-Wave technology. Bookings and remaining performance obligations also rose sharply year over year.
• Risks remain significant, including elevated valuation, broad selling across quantum-computing stocks, insider share sales, and weaker-than-expected quarterly results. The company reported a $0.10 per-share loss and $3.08 million in revenue, below analyst expectations.

Laidlaw Wealth Management LLC bought a new stake in D-Wave Quantum Inc. (NASDAQ:QBTS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 40,701 shares of the company's stock, valued at approximately $976,000. D-Wave Quantum accounts for 2.8% of Laidlaw Wealth Management LLC's investment portfolio, making the stock its 9th biggest holding.

Several other hedge funds also recently made changes to their positions in QBTS. BlackRock Inc. bought a new position in D-Wave Quantum in the second quarter worth $795,206,000. UBS Group AG grew its position in shares of 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 buying an additional 10,205,427 shares during the period. Geode Capital Management LLC grew its position 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 buying an additional 866,405 shares during the period. State Street Corp increased its stake in shares of D-Wave Quantum by 5.3% in 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 in the last quarter. Finally, Marex Group plc increased its stake in shares of D-Wave Quantum by 74.9% in 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 in the last quarter. 42.47% of the stock is currently owned by institutional investors.

Key Headlines Impacting 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

Wall Street Analyst Weigh In

QBTS has been the topic of several research reports. Weiss Ratings lowered shares of D-Wave Quantum from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, August 11th. Mizuho boosted their price target on D-Wave Quantum from $29.00 to $35.00 and gave the stock an "outperform" rating in a research report on Monday, June 15th. Benchmark began coverage on D-Wave Quantum in a research note on Monday, July 27th. They issued a "buy" rating and a $30.00 price target on the stock. Canaccord Genuity Group set a $35.00 price target on D-Wave Quantum in a research note on Thursday, August 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price objective on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Thirteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, D-Wave Quantum presently has a consensus rating of "Moderate Buy" and an average price target of $36.27.

Insider Activity

In other news, CEO Alan E. Baratz sold 687,627 shares of the business's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $26.13, for a total transaction of $17,967,693.51. Following the completion of the transaction, the chief executive officer directly owned 3,299,771 shares of the company's stock, valued at $86,223,016.23. The trade was a 17.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John D. Dilullo sold 7,850 shares of D-Wave Quantum stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $24.43, for a total transaction of $191,775.50. Following the completion of the sale, the director directly owned 21,310 shares of the company's stock, valued at approximately $520,603.30. This trade represents a 26.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,012,065 shares of company stock worth $26,245,703. 1.30% of the stock is owned by corporate insiders.

D-Wave Quantum Trading Up 8.5%

NASDAQ: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 52 week low of $12.75 and a 52 week high of $46.75. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of -28.72 and a beta of 2.15.

D-Wave Quantum (NASDAQ:QBTS - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.02). The firm had revenue of $3.08 million during the quarter, compared to analysts' expectations of $4.03 million. D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%.D-Wave Quantum's revenue was down 0.6 on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. On average, equities research analysts forecast that D-Wave Quantum Inc. will post -0.46 earnings per share for the current fiscal year.

D-Wave Quantum Company 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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