D-Wave Quantum Inc. $QBTS Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC boosted its holdings in D-Wave Quantum Inc. (NYSE:QBTS) by 73.1% in the third quarter, HoldingsChannel reports. The firm owned 152,942 shares of the company’s stock after purchasing an additional 64,577 shares during the period. Wolverine Asset Management LLC’s holdings in D-Wave Quantum were worth $3,779,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in QBTS. Atlantic Union Bankshares Corp acquired a new stake in D-Wave Quantum in the second quarter valued at $29,000. Financial Consulate Inc. acquired a new stake in shares of D-Wave Quantum during the 3rd quarter valued at approximately $31,000. Parallel Advisors LLC lifted its stake in D-Wave Quantum by 227.3% during the second quarter. Parallel Advisors LLC now owns 2,206 shares of the company’s stock worth $32,000 after purchasing an additional 1,532 shares during the last quarter. Gables Capital Management Inc. acquired a new stake in shares of D-Wave Quantum during the second quarter worth $37,000. Finally, Huntington National Bank bought a new position in shares of D-Wave Quantum during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

Insider Activity at D-Wave Quantum

In other news, CFO John M. Markovich sold 9,179 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $28.06, for a total transaction of $257,562.74. Following the completion of the transaction, the chief financial officer owned 1,462,133 shares of the company’s stock, valued at approximately $41,027,451.98. The trade was a 0.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kirstjen Nielsen sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $22.62, for a total value of $158,340.00. Following the completion of the transaction, the director directly owned 112,673 shares of the company’s stock, valued at $2,548,663.26. This represents a 5.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,346,916 shares of company stock worth $65,591,314 in the last quarter. 3.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on QBTS shares. Cantor Fitzgerald lifted their price objective on shares of D-Wave Quantum from $20.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. B. Riley lifted their price objective on shares of D-Wave Quantum from $22.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Wall Street Zen upgraded D-Wave Quantum from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Jefferies Financial Group assumed coverage on D-Wave Quantum in a report on Tuesday, December 16th. They set a “buy” rating and a $45.00 price objective on the stock. Finally, Benchmark raised their price objective on shares of D-Wave Quantum from $20.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Fourteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.67.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave agreed to acquire Quantum Circuits Inc., a move that should accelerate the company’s access to gate‑model qubit technology and narrow the gap with competitors — a strategic rationale for longer‑term re‑rating if integration proceeds smoothly. D‑Wave Announces Agreement to Acquire Quantum Circuits Inc.
• Positive Sentiment: D‑Wave demonstrated the first scalable, on‑chip cryogenic control of gate‑model qubits — a technical milestone that strengthens its roadmap and could expand future product applications if commercialized. D‑Wave Demonstrates On‑Chip Cryogenic Control
• Positive Sentiment: Large institutional accumulation (Vanguard, UBS, State Street increases) and new coverage from boutique research raise the buyer base and lend stability to the stock as the company executes on commercialization and M&A.
• Positive Sentiment: Rosenblatt and other firms are issuing constructive coverage on quantum names, which can boost sentiment across the subsector and benefit QBTS as investors re‑rate growth prospects. Rigetti and Quantum Computing Stocks Are a Buy
• Neutral Sentiment: Zacks and other analysts are parsing Q4 results for pure‑play quantum companies; peer performance (e.g., IonQ) could influence relative flows into QBTS heading into earnings season. QBTS, RGTI, IONQ: Buy, Sell or Hold Ahead of Q4 Earnings?
• Neutral Sentiment: Long‑form retail coverage frames a bullish narrative around government adoption and product roadmaps — useful for sentiment but speculative and execution‑dependent. Could D‑Wave Stock Make You a Millionaire?
• Negative Sentiment: Insider selling: CEO Alan Baratz sold 35,013 shares and CFO John Markovich sold 9,179 shares in mid‑January — transactions that can create near‑term selling pressure or raise questions for some investors. CEO Form 4 CFO Form 4
• Negative Sentiment: Sector‑wide valuation concerns and reminders that commercial viability remains years away may keep volatility high and limit near‑term upside despite positive headlines. Quantum Computing Stocks Have Served Up an $840 Million Warning

D-Wave Quantum Price Performance

D-Wave Quantum stock opened at $28.83 on Friday. D-Wave Quantum Inc. has a one year low of $4.45 and a one year high of $46.75. The business has a 50 day simple moving average of $26.22 and a 200 day simple moving average of $24.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 54.68 and a quick ratio of 54.49. The company has a market capitalization of $10.09 billion, a PE ratio of -21.36 and a beta of 1.57.

D-Wave Quantum (NYSE:QBTS) last issued its earnings results on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $3.74 million during the quarter, compared to analysts’ expectations of $3.03 million. D-Wave Quantum had a negative net margin of 1,651.81% and a negative return on equity of 97.58%. The business’s revenue was up 105.6% compared to the same quarter last year. On average, sell-side analysts forecast that D-Wave Quantum Inc. will post -0.41 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.