Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. Takes $1.70 Million Position in D-Wave Quantum Inc. $QBTS

Key Points

• Mitsubishi UFJ Morgan Stanley Securities opened a new position in D-Wave Quantum, buying 65,000 shares worth about $1.7 million. The stake makes QBTS its 5th-largest holding and about 2.7% of the firm’s portfolio.
• Institutional interest remains strong, with several other large investors also increasing their holdings in QBTS during the latest quarter. Overall, institutional investors own 42.47% of the company.
• Fundamentals and sentiment are mixed: D-Wave beat EPS expectations in its latest quarter, but revenue missed estimates and fell sharply year over year. Analysts still lean positive overall, with a Moderate Buy consensus and an average price target of $34.67.

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in shares of D-Wave Quantum Inc. (NYSE:QBTS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 65,000 shares of the company's stock, valued at approximately $1,700,000. D-Wave Quantum comprises approximately 2.7% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.'s investment portfolio, making the stock its 5th largest holding.

Several other large investors have also modified their holdings of QBTS. Baird Financial Group Inc. lifted its holdings in D-Wave Quantum by 12.0% in the first quarter. Baird Financial Group Inc. now owns 12,135 shares of the company's stock worth $92,000 after acquiring an additional 1,300 shares during the last quarter. Royal Bank of Canada lifted its holdings in D-Wave Quantum by 59.8% in the first quarter. Royal Bank of Canada now owns 162,088 shares of the company's stock worth $1,231,000 after acquiring an additional 60,668 shares during the last quarter. AQR Capital Management LLC lifted its holdings in D-Wave Quantum by 201.0% in the first quarter. AQR Capital Management LLC now owns 200,765 shares of the company's stock worth $1,526,000 after acquiring an additional 134,066 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in D-Wave Quantum by 93.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company's stock worth $825,000 after acquiring an additional 52,437 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in D-Wave Quantum by 125.7% in the first quarter. NewEdge Advisors LLC now owns 43,786 shares of the company's stock worth $333,000 after acquiring an additional 24,382 shares during the last quarter. Institutional investors own 42.47% of the company's stock.

D-Wave Quantum Price Performance

Shares of NYSE:QBTS opened at $29.52 on Friday. D-Wave Quantum Inc. has a 12 month low of $12.75 and a 12 month high of $46.75. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of -26.13 and a beta of 1.95. The stock's 50 day moving average price is $19.27 and its 200 day moving average price is $22.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last announced 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 return on equity of 44.06% and a negative net margin of 2,957.23%.The firm had revenue of $2.86 million for the quarter, compared to analysts' expectations of $4.19 million. During the same quarter in the previous year, the company earned ($0.02) earnings per share. The firm's quarterly revenue was down 80.9% compared to the same quarter last year. Equities research analysts anticipate that D-Wave Quantum Inc. will post -0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $43.00 target price on shares of D-Wave Quantum in a report on Wednesday, May 13th. Wall Street Zen cut shares of D-Wave Quantum from a "hold" rating to a "sell" rating in a report on Saturday, February 7th. TD Cowen assumed coverage on shares of D-Wave Quantum in a report on Thursday, February 12th. They issued a "buy" rating on the stock. Jefferies Financial Group reissued a "buy" rating on shares of D-Wave Quantum in a report on Tuesday, May 12th. Finally, Northland Securities assumed coverage on shares of D-Wave Quantum in a report on Monday, April 20th. They issued a "market perform" rating and a $22.00 target price on the stock. Fourteen 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.67.

Insider Transactions at D-Wave Quantum

In related news, 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 transaction of $9,106,430.40. Following the sale, the chief financial officer owned 1,442,820 shares of the company's stock, valued at $39,966,114. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $144,080.00. Following the sale, the director directly owned 19,803 shares in the company, valued at approximately $356,652.03. The trade was a 28.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 383,553 shares of company stock worth $10,118,016 in the last three months. 3.20% of the stock is currently owned by company insiders.

D-Wave Quantum News Summary

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 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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