D-Wave Quantum (NYSE:QBTS) Stock Price Down 6% on Insider Selling

D-Wave Quantum Inc. (NYSE:QBTS)’s stock price fell 6% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $20.28 and last traded at $20.3690. 36,855,998 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 30,306,703 shares. The stock had previously closed at $21.66.

Specifically, VP Sophie C. Ames sold 3,070 shares of D-Wave Quantum stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $21.35, for a total value of $65,544.50. Following the completion of the sale, the vice president owned 643,678 shares of the company’s stock, valued at approximately $13,742,525.30. This trade represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on QBTS shares. TD Cowen initiated coverage on shares of D-Wave Quantum in a report on Thursday, February 12th. They issued a “buy” rating on the stock. Wall Street Zen downgraded D-Wave Quantum from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Roth Mkm dropped their price target on D-Wave Quantum from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Northland Securities initiated coverage on D-Wave Quantum in a research report on Monday. They set a “market perform” rating and a $22.00 price target for the company. Finally, Canaccord Genuity Group set a $43.00 price target on D-Wave Quantum in a research report on Thursday, January 29th. Fourteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.53.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: D‑Wave says Advantage2 is driving scaled optimization workloads, rising revenue, bookings and real‑world customer use cases — a business development that supports longer‑term revenue growth expectations. Read More.
• Positive Sentiment: Broader sector tailwinds from NVIDIA’s quantum‑AI push have lifted investor interest in quantum names, creating momentum that benefits D‑Wave’s sentiment and valuation compared with peers. Read More.
• Positive Sentiment: Analyst coverage remains largely constructive (many Buy ratings and a consensus price target well above current levels), which supports upside potential if execution continues.
• Neutral Sentiment: D‑Wave will report FY2026 Q1 results on May 12 (pre‑market); this upcoming report is an immediate catalyst investors will watch for revenue, backlog and guidance detail. Read More.
• Neutral Sentiment: Northland initiated coverage at “market perform” with a ~$22 target — informative but not decisive given the mix of higher and lower analyst targets. Read More.
• Negative Sentiment: Earlier earnings showed a miss (EPS and revenue below estimates) and shares pulled back after that print; lingering skepticism about near‑term profitability and pace of commercial adoption is pressuring the stock. Read More.
• Negative Sentiment: Insider selling was reported (VP Sophie Ames sold ~3,070 shares under a 10b5‑1 plan). The sale is small and pre‑arranged, but contributes to negative headlines that can amplify short‑term selling pressure. Read More.
• Negative Sentiment: Profit‑taking after the post‑NVIDIA rally plus a registered resale overhang from recent transactions are increasing volatility and weighting on the stock in the near term. Read More.

D-Wave Quantum Stock Down 9.1%

The company has a current ratio of 42.38, a quick ratio of 42.25 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $17.47 and a 200 day simple moving average of $24.21. The firm has a market capitalization of $7.14 billion, a PE ratio of -17.55 and a beta of 1.78.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.09) 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. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. As a group, sell-side analysts forecast that D-Wave Quantum Inc. will post -0.35 earnings per share for the current year.

Institutional Investors Weigh In On D-Wave Quantum

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its position in shares of D-Wave Quantum by 125.7% during the second quarter. Osaic Holdings Inc. now owns 247,004 shares of the company’s stock worth $3,616,000 after purchasing an additional 137,549 shares in the last quarter. UNICOM Systems Inc. grew its position in shares of D-Wave Quantum by 12.1% during the third quarter. UNICOM Systems Inc. now owns 3,121,346 shares of the company’s stock worth $77,128,000 after purchasing an additional 337,838 shares in the last quarter. Csenge Advisory Group grew its position in shares of D-Wave Quantum by 99.1% during the third quarter. Csenge Advisory Group now owns 35,886 shares of the company’s stock worth $887,000 after purchasing an additional 17,860 shares in the last quarter. Mutual Advisors LLC purchased a new stake in shares of D-Wave Quantum during the third quarter worth about $1,069,000. Finally, Federated Hermes Inc. grew its position in shares of D-Wave Quantum by 259,560.6% during the third quarter. Federated Hermes Inc. now owns 184,359 shares of the company’s stock worth $4,556,000 after purchasing an additional 184,288 shares in the last quarter. 42.47% of the stock is owned by hedge funds and other institutional investors.

D-Wave Quantum Company 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.