Insider Selling: D-Wave Quantum (NASDAQ:QBTS) Director Sells $19,800.00 in Stock

Key Points

• Director John Dilullo sold 1,100 D-Wave Quantum shares at $18 each, generating $19,800 under a pre-arranged Rule 10b5-1 trading plan. His remaining ownership fell 5.16% to 20,210 shares.
• QBTS traded at $17.12, with a $6.33 billion market capitalization and a 12-month range of $12.75 to $46.75. The company reported a quarterly loss of $0.10 per share and $3.08 million in revenue, missing analyst expectations for both measures.
• Despite substantial losses and valuation concerns, analysts maintain a Moderate Buy consensus, with an average price target of $36.27; 13 analysts rate the stock Buy, two Hold, and one Sell.

D-Wave Quantum Inc. (NASDAQ:QBTS - Get Free Report) Director John Dilullo sold 1,100 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $18.00, for a total transaction of $19,800.00. Following the transaction, the director owned 20,210 shares in the company, valued at $363,780. The trade was a 5.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

D-Wave Quantum Price Performance

Shares of QBTS stock traded down $0.55 during trading hours on Wednesday, hitting $17.12. 15,912,159 shares of the company's stock were exchanged, compared to its average volume of 27,986,992. The company has a market capitalization of $6.33 billion, a PE ratio of -24.11 and a beta of 2.15. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03. D-Wave Quantum Inc. has a 12-month low of $12.75 and a 12-month high of $46.75. The business's 50 day simple moving average is $19.04 and its 200-day simple moving average is $20.03.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.02). The business had revenue of $3.08 million during the quarter, compared to analysts' expectations of $4.03 million. D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. D-Wave Quantum's revenue for the quarter was down 0.6 on a year-over-year basis. During the same period last year, the company posted ($0.08) EPS. On average, equities research analysts anticipate that D-Wave Quantum Inc. will post -0.46 earnings per share for the current year.

Institutional Investors Weigh In On D-Wave Quantum

Hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC increased its stake in D-Wave Quantum by 388.0% during the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company's stock valued at $26,000 after purchasing an additional 776 shares in the last quarter. Fiduciary Financial Advisors purchased a new position in D-Wave Quantum in the second quarter worth about $25,000. Kemnay Advisory Services Inc. bought a new position in shares of D-Wave Quantum in the fourth quarter worth approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in shares of D-Wave Quantum by 267.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company's stock worth $30,000 after buying an additional 838 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. purchased a new stake in shares of D-Wave Quantum during the fourth quarter valued at approximately $31,000. Institutional investors own 42.47% of the company's stock.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: D-Wave finalized an agreement with the U.S. Department of Commerce for up to $100 million under the CHIPS and Science Act. The funding supports U.S.-based quantum research and manufacturing, while the government’s minority stake provides strategic validation and additional capital for D-Wave’s cash runway. D-Wave Quantum Finalizes Up To $100 Mln U.S. Funding Agreement; Shares Rise
• Positive Sentiment: The broader quantum sector has benefited from approximately $300 million in federal CHIPS funding for D-Wave, Rigetti and Quantinuum. The deals could accelerate development, strengthen domestic supply chains and improve investor confidence in quantum computing as a strategic technology. U.S. Gets Minority Stakes in D-Wave, Rigetti, Quantinuum in $300 Million CHIPS Act Funding Deal
• Neutral Sentiment: As part of the agreement, D-Wave issued 7.1 million shares to the Commerce Department. The equity financing reduces near-term funding pressure, but the added share count creates dilution for existing investors. D-Wave Issues 7.1M QBTS Shares to U.S. Government Under $100M CHIPS Deal
• Negative Sentiment: Quantum stocks broadly pulled back as expectations for another Federal Reserve rate move increased. Higher rates typically weigh on speculative, high-beta growth companies such as D-Wave by reducing the value investors place on distant future earnings. Quantum Stocks Fall as Rate-Hike Odds Climb
• Negative Sentiment: Analysts and financial commentary continue to flag D-Wave’s losses, weak revenue conversion and elevated valuation despite strong bookings and production adoption. A recent investor-law-firm investigation adds another layer of uncertainty. Rising Risks Overshadow D-Wave Quantum Booking

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Zacks Research downgraded D-Wave Quantum from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 18th. BMO Capital Markets assumed coverage on D-Wave Quantum in a research report on Thursday, August 20th. They set an "outperform" rating and a $35.00 price target on the stock. Wall Street Zen raised D-Wave Quantum from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Benchmark initiated coverage on D-Wave Quantum in a research report on Monday, July 27th. They issued a "buy" rating and a $30.00 price objective for the company. Finally, Stifel Nicolaus set a $35.00 price objective on D-Wave Quantum in a research report on Tuesday, June 2nd. Thirteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $36.27.

About D-Wave Quantum

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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