Universal Beteiligungs und Servicegesellschaft mbH Lowers Holdings in D-Wave Quantum Inc. $QBTS

Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in D-Wave Quantum Inc. (NYSE:QBTS - Free Report) by 37.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,532 shares of the company's stock after selling 94,855 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in D-Wave Quantum were worth $4,074,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of QBTS. Baird Financial Group Inc. boosted its stake in shares of 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 buying an additional 1,300 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of 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 buying an additional 60,668 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of 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 buying an additional 134,066 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 buying an additional 52,437 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of 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 buying an additional 24,382 shares during the last quarter. Hedge funds and other institutional investors own 42.47% of the company's stock.

Insiders Place Their Bets

In other D-Wave Quantum news, Director John D. Dilullo sold 8,000 shares of the 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 transaction, the director owned 19,803 shares of the company's stock, valued at $356,652.03. This represents a 28.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sophie C. Ames sold 3,070 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $21.35, for a total value of $65,544.50. Following the transaction, the vice president directly owned 643,678 shares of the company's stock, valued at $13,742,525.30. The trade was a 0.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 31,776 shares of company stock worth $574,571. Company insiders own 3.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on QBTS shares. Benchmark restated a "buy" rating and issued a $35.00 target price on shares of D-Wave Quantum in a research note on Friday, January 23rd. Northland Securities started coverage on D-Wave Quantum in a research note on Monday, April 20th. They issued a "market perform" rating and a $22.00 target price on the stock. Needham & Company LLC lowered their target price on D-Wave Quantum from $48.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. Weiss Ratings restated a "sell (d-)" rating on shares of D-Wave Quantum in a research note on Friday, March 27th. Finally, Roth Mkm lowered their price target on D-Wave Quantum from $40.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, February 27th. Fourteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $35.53.

D-Wave Quantum Stock Performance

Shares of QBTS stock opened at $18.34 on Thursday. The company has a market capitalization of $6.78 billion, a P/E ratio of -16.67 and a beta of 1.78. The business's 50 day moving average is $17.42 and its two-hundred day moving average is $23.65. The company has a current ratio of 42.38, a quick ratio of 42.25 and a debt-to-equity ratio of 0.04. D-Wave Quantum Inc. has a 12-month low of $6.52 and a 12-month high of $46.75.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.04). The business had revenue of $2.75 million for the quarter, compared to analysts' expectations of $3.74 million. D-Wave Quantum had a negative return on equity of 58.58% and a negative net margin of 1,444.10%.The company's quarterly revenue was up 21.7% compared to the same quarter last year. Analysts expect that D-Wave Quantum Inc. will post -0.44 EPS for the current fiscal 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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