Patriot Financial Group Insurance Agency LLC Acquires New Holdings in D-Wave Quantum Inc. $QBTS

Patriot Financial Group Insurance Agency LLC bought a new position in shares of D-Wave Quantum Inc. (NYSE:QBTS) in the first quarter, HoldingsChannel.com reports. The firm bought 34,834 shares of the company’s stock, valued at approximately $503,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS Group AG lifted its stake in shares of D-Wave Quantum by 541.6% during the 3rd quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after purchasing an additional 10,205,427 shares during the last quarter. Geode Capital Management LLC grew its stake in 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 last quarter. State Street Corp raised its holdings in D-Wave Quantum by 5.3% in the fourth quarter. State Street Corp now owns 7,707,085 shares of the company’s stock worth $201,540,000 after purchasing an additional 385,809 shares in the last quarter. Marex Group plc raised its holdings in D-Wave Quantum by 74.9% in the fourth quarter. Marex Group plc now owns 4,592,656 shares of the company’s stock worth $120,098,000 after purchasing an additional 1,966,500 shares in the last quarter. Finally, Clear Street Group Inc. lifted its position in shares of D-Wave Quantum by 40.4% during the fourth quarter. Clear Street Group Inc. now owns 4,281,254 shares of the company’s stock valued at $111,955,000 after buying an additional 1,232,106 shares during the last quarter. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: D-Wave announced it was selected to receive a $1.57 million grant from the U.S. National Science Foundation to support the Yale University-led ERASE initiative, which is aimed at advancing fault-tolerant quantum computing and D-Wave’s dual-rail technology. D-Wave Secures NSF Grant for Yale University-Led ERASE Initiative
• Positive Sentiment: The NSF award adds to D-Wave’s recent string of federal backing, reinforcing the view that the company is gaining credibility with U.S. research and policy institutions as quantum computing becomes a strategic priority. D-Wave Quantum Is Winning Over Washington, and Investors Should Take Notice
• Neutral Sentiment: Several articles continued debating whether quantum-computing stocks are overextended, highlighting that the sector still has thin revenue, negative margins, and long timelines before commercialization meaningfully scales. The Quantum Bubble Is Real Enough to Take Seriously
• Neutral Sentiment: Commentary also noted that the broader quantum-computing industry remains a long-duration bet with significant cash burn risk, which may keep volatility elevated for QBTS. Quantum Computing’s Cash Crisis: Which Players Can Actually Survive the Long Game?
• Negative Sentiment: Investor concern remains that, despite the funding news, D-Wave still operates in a sector where commercial revenue is limited and valuations can swing sharply on sentiment rather than fundamentals. D-Wave Secures NSF Grant for Yale University-Led ERASE Initiative

Insider Transactions at D-Wave Quantum

In other D-Wave Quantum news, CFO John M. Markovich sold 200,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 1,142,820 shares of the company’s stock, valued at approximately $29,381,902.20. The trade was a 14.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Rohit Ghai sold 13,518 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $26.41, for a total value of $357,010.38. Following the completion of the sale, the director owned 23,617 shares in the company, valued at approximately $623,724.97. This represents a 36.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,363,842 shares of company stock valued at $35,802,656. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on QBTS. Jefferies Financial Group reaffirmed a “buy” rating on shares of D-Wave Quantum in a research report on Tuesday, May 12th. Zacks Research upgraded shares of D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $40.00 price target on shares of D-Wave Quantum in a report on Wednesday, May 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Finally, Canaccord Genuity Group decreased their price objective on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Fourteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, D-Wave Quantum currently has an average rating of “Moderate Buy” and an average price target of $36.80.

D-Wave Quantum Trading Down 2.0%

Shares of D-Wave Quantum stock opened at $23.52 on Thursday. The stock has a market cap of $8.70 billion, a PE ratio of -20.81 and a beta of 2.11. The firm has a fifty day moving average price of $23.59 and a 200 day moving average price of $22.16. D-Wave Quantum Inc. has a 1 year low of $12.75 and a 1 year high of $46.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly 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. The company had revenue of $2.86 million for the quarter, compared to the consensus estimate of $4.19 million. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.The firm’s revenue for the quarter was down 80.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.02) EPS. Equities research analysts predict that D-Wave Quantum Inc. will post -0.43 earnings per share for the current 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.