D-Wave Quantum (NYSE:QBTS) CFO John Markovich Sells 200,000 Shares of Stock

D-Wave Quantum Inc. (NYSE:QBTS) CFO John Markovich sold 200,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $25.71, for a total value of $5,142,000.00. Following the sale, the chief financial officer directly owned 1,142,820 shares in the company, valued at $29,381,902.20. This trade represents a 14.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

D-Wave Quantum Price Performance

Shares of NYSE QBTS opened at $23.91 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 21.31 and a current ratio of 21.41. D-Wave Quantum Inc. has a fifty-two week low of $12.75 and a fifty-two week high of $46.75. The firm has a market capitalization of $8.84 billion, a PE ratio of -21.16 and a beta of 2.05. The stock’s 50-day simple moving average is $22.14 and its 200-day simple moving average is $22.30.

D-Wave Quantum (NYSE:QBTS) last issued its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.19 million. During the same quarter last year, the company earned ($0.02) EPS. The business’s quarterly revenue was down 80.9% on a year-over-year basis. As a group, equities research analysts forecast that D-Wave Quantum Inc. will post -0.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on QBTS shares. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. B. Riley Financial raised their target price on D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Canaccord Genuity Group dropped their price target on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Cantor Fitzgerald restated an “overweight” rating and set a $40.00 price target on shares of D-Wave Quantum in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group restated a “buy” rating on shares of D-Wave Quantum in a research note on Tuesday, May 12th. Fourteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.80.

More D-Wave Quantum News

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

• Positive Sentiment: D-Wave’s recent gate-model roadmap and analyst-day progress helped reinforce the long-term growth story, and Mizuho reportedly raised its price target after that event, signaling continued optimism about the company’s quantum-computing strategy. Article Title
• Positive Sentiment: Some market commentary framed QBTS as a leading pure-play quantum stock, with bullish technical analysis suggesting the recent breakout may still have room to run. Article Title
• Positive Sentiment: Monday’s rally in quantum-computing stocks reflected broad risk-on sentiment and renewed investor enthusiasm for the sector, which had supported QBTS earlier in the week. Article Title
• Neutral Sentiment: Coverage comparing D-Wave to “the NVIDIA of quantum computing” highlights strong growth potential, but also underscores that the stock’s valuation leaves little room for execution missteps. Article Title
• Neutral Sentiment: Analysts and industry commentary continue to debate whether D-Wave can hold its own against larger and faster-growing rivals, keeping attention on competitive positioning rather than near-term fundamentals. Article Title
• Negative Sentiment: Shares of D-Wave and other quantum names reversed much of Monday’s sharp rally on Tuesday, suggesting traders were taking profits after the recent surge. Article Title
• Negative Sentiment: New SEC filings showed CFO John M. Markovich and director Rohit Ghai sold shares, which may raise investor questions even though the filings say the sales were tied to taxes and a 10b5-1 plan. Article Title

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in D-Wave Quantum by 41.2% during the 3rd quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock worth $950,220,000 after buying an additional 11,218,255 shares during the last quarter. UBS Group AG increased its holdings in shares of D-Wave Quantum by 541.6% in the third quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock valued at $298,737,000 after purchasing an additional 10,205,427 shares during the period. Geode Capital Management LLC increased its holdings in shares of D-Wave Quantum by 11.5% in the fourth quarter. Geode Capital Management LLC now owns 8,394,726 shares of the company’s stock valued at $220,085,000 after purchasing an additional 866,405 shares during the period. State Street Corp increased its holdings in shares of D-Wave Quantum by 5.3% in the fourth quarter. State Street Corp now owns 7,707,085 shares of the company’s stock valued at $201,540,000 after purchasing an additional 385,809 shares during the period. Finally, Marex Group plc increased its holdings in shares of D-Wave Quantum by 74.9% in the fourth quarter. Marex Group plc now owns 4,592,656 shares of the company’s stock valued at $120,098,000 after purchasing an additional 1,966,500 shares during the period. Hedge funds and other institutional investors own 42.47% of the company’s stock.

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.