NewEdge Advisors LLC Buys 32,887 Shares of D-Wave Quantum Inc. $QBTS

Key Points

• NewEdge Advisors increased its D-Wave Quantum stake by 66.5% in the second quarter, adding 32,887 shares to own 82,356 shares valued at approximately $1.98 million.
• Institutional interest remains significant, with BlackRock, Bank of America and other major funds buying shares; institutions collectively own 42.47% of QBTS.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and $36.27 price target, although D-Wave recently missed quarterly revenue and EPS estimates and remains unprofitable.

NewEdge Advisors LLC grew its stake in D-Wave Quantum Inc. (NASDAQ:QBTS - Free Report) by 66.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,356 shares of the company's stock after acquiring an additional 32,887 shares during the period. NewEdge Advisors LLC's holdings in D-Wave Quantum were worth $1,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of D-Wave Quantum during the second quarter worth $795,206,000. Geode Capital Management LLC lifted its position in D-Wave Quantum by 11.5% during the 4th quarter. Geode Capital Management LLC now owns 8,394,726 shares of the company's stock valued at $220,085,000 after purchasing an additional 866,405 shares during the period. Bank of America Corp DE bought a new position in shares of D-Wave Quantum in the 2nd quarter valued at about $104,183,000. Clear Street Group Inc. grew its position in shares of D-Wave Quantum by 40.4% during the 4th quarter. Clear Street Group Inc. now owns 4,281,254 shares of the company's stock worth $111,955,000 after buying an additional 1,232,106 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of D-Wave Quantum by 311.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,548,013 shares of the company's stock worth $92,781,000 after buying an additional 2,685,980 shares during the period. 42.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on QBTS shares. Mizuho increased their price objective on shares of D-Wave Quantum from $29.00 to $35.00 and gave the company an "outperform" rating in a report on Monday, June 15th. Needham & Company LLC restated a "buy" rating and issued a $40.00 price target on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Wall Street Zen raised D-Wave Quantum from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Rosenblatt Securities reiterated a "buy" rating and issued a $43.00 price objective on shares of D-Wave Quantum in a report on Friday, August 7th. Finally, Benchmark initiated coverage on shares of D-Wave Quantum in a research report on Monday, July 27th. They issued a "buy" rating and a $30.00 price target on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, D-Wave Quantum has an average rating of "Moderate Buy" and a consensus target price of $36.27.

Insider Activity at D-Wave Quantum

In other news, VP Sophie Ames sold 3,070 shares of the business's stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $16.95, for a total value of $52,036.50. Following the sale, the vice president directly owned 589,009 shares in the company, valued at $9,983,702.55. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is currently owned by company insiders.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: Quantum-computing stocks attracted broad investor buying after IonQ and NVIDIA reported progress in reducing quantum-circuit compilation times. D-Wave benefited as investors treated the sector as a momentum trade rather than focusing solely on near-term fundamentals. IonQ Climbs 9% on Quantum Optimization Work With NVIDIA; D-Wave Rises 8%, Rigetti Gains 7%
• Positive Sentiment: D-Wave’s planned Qubits Asia 2026 conference in Seoul will showcase customer applications and the company’s growing Asia-Pacific presence. The event may support investor optimism about commercial adoption, although it does not immediately change financial results. D-Wave to Host Qubits Asia 2026 Quantum Computing User Conference in Seoul
• Positive Sentiment: The company’s recently finalized agreement providing access to up to $100 million under the CHIPS and Science Act remains a longer-term catalyst. The funding is intended to advance large-scale annealing and gate-model systems, including planned 100,000-qubit and 10,000-qubit platforms.
• Neutral Sentiment: Institutional activity is mixed: 356 investors added QBTS shares in the latest reporting period, while 236 reduced positions. Large additions by Norges Bank, BlackRock and JPMorgan contrast with sizable reductions by other funds, offering no clear consensus signal.
• Negative Sentiment: Kessler Topaz Meltzer & Check said it is investigating potential federal-securities-law violations on behalf of investors who suffered losses. The announcement follows a similar investigation by Pomerantz; neither notice establishes wrongdoing by D-Wave. Kessler Topaz investor investigation
• Negative Sentiment: Reports also point to CFO John Markovich’s exit and the ongoing legal probes, increasing uncertainty around management continuity and potential disclosure issues. What Is D Wave Quantum Facing After CFO Exit And Legal Probes?
• Negative Sentiment: Insider trading data shows no reported insider purchases and 15 sales over the past six months, including sales by the CEO and CFO. Heavy insider selling can weigh on sentiment, even though sales may reflect compensation or personal financial planning.
• Negative Sentiment: D-Wave remains financially unprofitable, recently missing revenue and EPS expectations. Against that backdrop, its roughly $6.3 billion market capitalization and negative earnings leave QBTS vulnerable to profit-taking when speculative enthusiasm fades.

D-Wave Quantum Stock Performance

Shares of QBTS stock opened at $17.11 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 20.42 and a current ratio of 20.55. 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 $18.26 and its two-hundred day moving average price is $19.91. The company has a market capitalization of $6.33 billion, a P/E ratio of -24.10 and a beta of 2.15.

D-Wave Quantum (NASDAQ:QBTS - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The company had revenue of $3.08 million for the quarter, compared to the consensus estimate 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%.The firm's revenue was down 0.6 on a year-over-year basis. During the same period in the prior year, the company earned ($0.08) EPS. On average, analysts expect 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 develops quantum computing systems, software, and services for commercial, government, and research customers. The company is best known for its quantum annealing technology, which is designed to help solve complex optimization problems involving areas such as logistics, scheduling, manufacturing, artificial intelligence, and financial modeling.

D-Wave also develops gate-model quantum computing technology and provides access to its systems through cloud-based services, including the Leap quantum application environment.

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