Handelsbanken Fonder AB Acquires New Shares in D-Wave Quantum Inc. $QBTS

Handelsbanken Fonder AB acquired a new stake in shares of D-Wave Quantum Inc. (NYSE:QBTS) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 92,700 shares of the company’s stock, valued at approximately $2,424,000.

Several other hedge funds also recently modified their holdings of the company. Mutual Advisors LLC bought a new position in D-Wave Quantum during the 3rd quarter worth $1,069,000. Federated Hermes Inc. raised its position in D-Wave Quantum by 259,560.6% during the 3rd 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 during the last quarter. Caitong International Asset Management Co. Ltd raised its position in D-Wave Quantum by 370.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 96,248 shares of the company’s stock worth $2,378,000 after purchasing an additional 75,807 shares during the last quarter. SG Americas Securities LLC raised its position in D-Wave Quantum by 254.7% during the 4th quarter. SG Americas Securities LLC now owns 2,272,020 shares of the company’s stock worth $59,413,000 after purchasing an additional 1,631,415 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in D-Wave Quantum by 61.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 104,661 shares of the company’s stock worth $2,801,000 after purchasing an additional 39,751 shares during the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

Insider Transactions at D-Wave Quantum

In related news, VP Sophie C. Ames sold 23,025 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $18.98, for a total value of $437,014.50. Following the completion of the sale, the vice president directly owned 596,803 shares of the company’s stock, valued at $11,327,320.94. The trade was a 3.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Dilullo sold 8,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $18.01, for a total value of $144,080.00. Following the completion of the sale, the director directly owned 19,803 shares of the company’s stock, valued at $356,652.03. The trade was a 28.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 54,801 shares of company stock valued at $1,011,586. 3.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on QBTS shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $40.00 target price on shares of D-Wave Quantum in a research report on Wednesday, May 13th. Weiss Ratings lowered D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of D-Wave Quantum in a research report on Wednesday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of D-Wave Quantum in a research report on Tuesday, May 12th. Finally, Roth Mkm lowered their target price 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. Fourteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, D-Wave Quantum has an average rating of “Moderate Buy” and a consensus price target of $34.67.

D-Wave Quantum News Summary

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

• Positive Sentiment: The biggest driver for QBTS is the reported U.S. government support for quantum computing, including a proposed $100 million CHIPS Act funding package for D-Wave, which investors view as a major validation of the company’s technology and growth prospects. Article Title
• Positive Sentiment: Broader headlines that the Trump administration is committing $2 billion to quantum firms have lifted the entire group, including D-Wave, as traders bet federal money could accelerate commercialization and industry adoption. Article Title
• Positive Sentiment: Quantum stocks continued to rally across the sector, with D-Wave included in a broader move that added billions in market value, reinforcing momentum-driven buying in QBTS. Article Title
• Neutral Sentiment: Trading activity has also been elevated, with unusually heavy call-option buying suggesting speculation remains strong, but this is more a sign of interest than a clear fundamental catalyst.
• Negative Sentiment: A vice president sold shares under a pre-arranged 10b5-1 plan, which may slightly weigh on sentiment even though the transaction does not necessarily signal concern about the business. Article Title

D-Wave Quantum Stock Performance

QBTS stock opened at $29.13 on Monday. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $18.40 and a 200-day moving average price of $22.13. The firm has a market cap of $10.78 billion, a PE ratio of -25.78 and a beta of 1.95. D-Wave Quantum Inc. has a 1-year low of $12.75 and a 1-year high of $46.75.

D-Wave Quantum (NYSE:QBTS) last issued its earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.The business had revenue of $2.86 million during the quarter, compared to analyst estimates of $4.19 million. During the same period in the previous year, the company posted ($0.02) EPS. The firm’s revenue was down 80.9% compared to the same quarter last year. As a group, equities research analysts expect that D-Wave Quantum Inc. will post -0.44 earnings per share for the current year.

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.