WBI Investments LLC Buys Shares of 34,176 D-Wave Quantum Inc. $QBTS

Key Points

• WBI Investments opened a new stake in D‑Wave during the 3rd quarter, buying 34,176 shares valued at approximately $844,000 according to its latest 13F filing.
• Significant insider selling has occurred recently—directors Rohit Ghai and John D. Dilullo and CFO John Markovich sold sizable blocks (roughly 10k and 8–10.7k shares respectively), and insiders have offloaded 966,610 shares (~$28.7M) in the past 90 days.
• D‑Wave missed the latest quarter (EPS −$0.09 vs. consensus −$0.05; revenue $2.75M vs. est. $3.74M), the stock is under short‑term pressure, but analysts retain a consensus "Moderate Buy" with an average target of about $36.50.

WBI Investments LLC bought a new position in shares of D-Wave Quantum Inc. (NYSE:QBTS - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 34,176 shares of the company's stock, valued at approximately $844,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QBTS. Ancora Advisors LLC purchased a new position in D-Wave Quantum in the third quarter valued at about $30,000. Financial Consulate Inc. purchased a new stake in shares of D-Wave Quantum during the 3rd quarter worth approximately $31,000. Kelleher Financial Advisors acquired a new stake in shares of D-Wave Quantum in the 3rd quarter worth approximately $40,000. GAMMA Investing LLC increased its stake in D-Wave Quantum by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,874 shares of the company's stock valued at $46,000 after purchasing an additional 482 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in D-Wave Quantum by 1,754.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,854 shares of the company's stock valued at $46,000 after acquiring an additional 1,754 shares in the last quarter. Institutional investors and hedge funds own 42.47% of the company's stock.

More D-Wave Quantum News

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

• Positive Sentiment: Analyst support: the stock maintains a consensus "Moderate Buy" from sell‑side analysts and several recent buy/outperform ratings and price targets that could help underpin demand. D-Wave Receives Consensus Rating of "Moderate Buy"
• Positive Sentiment: Ongoing narrative/product coverage highlighting customer traction and long‑term potential can attract growth investors and support valuation over time. D‑Wave Keeps Delivering Good News—So Why Is It Falling?
• Neutral Sentiment: Contextual takes on insider trades — some outlets dig into whether recent filings reflect routine liquidity rather than a loss of confidence; read-through is mixed for investors. Are D‑Wave Insiders Selling Out? Here’s What Filings Really Show
• Neutral Sentiment: Relative/peer analysis pieces comparing D‑Wave to software/enterprise vendors provide context but are unlikely to move the stock materially unless they reveal customer wins or losses. Guidewire vs. D‑Wave Head‑to‑Head
• Negative Sentiment: Insider selling: Director Rohit Ghai sold 10,000 shares at ~$17.62 on Mar 16; filings show a significant reduction in his stake, which can spook investors when multiple insiders trade. Ghai Form 4
• Negative Sentiment: CFO sale: Chief Financial Officer John Markovich sold 10,706 shares at ~$17.63 on Mar 13 — another insider sale that may weigh on near‑term sentiment. Markovich Form 4
• Negative Sentiment: Earnings/revenue beat risk: D‑Wave’s Feb. 26 quarter missed EPS and revenue estimates (EPS −$0.09 vs. cons. −$0.05; revenue $2.75M vs. est. $3.74M), reminding investors the business is early and results-driven. (See company earnings summary on news feeds.)
• Negative Sentiment: Competitive & macro pressure: coverage flags IBM’s expanded hybrid quantum roadmap as a potential larger‑player threat, and macro volatility (inflation/oil) could increase pressure on growth/tech multiples. IBM Threat to D‑Wave Macro Headwinds

Insider Activity at D-Wave Quantum

In other news, Director John D. Dilullo sold 8,000 shares of the business's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $18.01, for a total transaction of $144,080.00. Following the transaction, the director directly owned 19,803 shares in the company, valued at $356,652.03. The trade was a 28.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rohit Ghai sold 10,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $17.62, for a total value of $176,200.00. Following the sale, the director owned 27,778 shares of the company's stock, valued at approximately $489,448.36. This represents a 26.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 966,610 shares of company stock worth $28,666,597. Corporate insiders own 3.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Zacks Research downgraded D-Wave Quantum from a "hold" rating to a "strong sell" rating in a report on Friday, March 6th. TD Cowen initiated coverage on D-Wave Quantum in a report on Thursday, February 12th. They set a "buy" rating on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of D-Wave Quantum in a report on Monday, December 29th. Evercore initiated coverage on shares of D-Wave Quantum in a research report on Wednesday, December 3rd. They issued an "outperform" rating and a $44.00 price target for the company. Finally, Benchmark reaffirmed a "buy" rating and issued a $35.00 price objective on shares of D-Wave Quantum in a research note on Friday, January 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $36.50.

D-Wave Quantum Trading Down 5.6%

Shares of NYSE QBTS opened at $16.48 on Thursday. 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 one year low of $5.77 and a one year high of $46.75. The business has a 50-day moving average price of $21.65 and a two-hundred day moving average price of $25.14. The firm has a market capitalization of $6.10 billion, a PE ratio of -14.98 and a beta of 1.61.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last posted 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). D-Wave Quantum had a negative return on equity of 58.58% and a negative net margin of 1,444.10%.The company had revenue of $2.75 million during the quarter, compared to analysts' expectations of $3.74 million. D-Wave Quantum's revenue for the quarter was up 21.7% compared to the same quarter last year. As a group, analysts predict that D-Wave Quantum Inc. will post -0.41 earnings per share 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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