D-Wave Quantum (NYSE:QBTS) Shares Down 5.1% – What’s Next?

D-Wave Quantum Inc. (NYSE:QBTS) shares dropped 5.1% on Friday . The company traded as low as $16.18 and last traded at $16.2340. Approximately 13,478,829 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 30,292,818 shares. The stock had previously closed at $17.10.

Key D-Wave Quantum News

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

• Positive Sentiment: D-Wave will ring the Nasdaq Opening Bell on July 27, marking its listing debut on the exchange and giving the company a visibility boost that could help sentiment around the name. D-Wave to Ring the Nasdaq Opening Bell on July 27, 2026 to Mark Its Listing Debut on the Nasdaq
• Positive Sentiment: Recent analyst coverage has turned more constructive, with one bullish view suggesting QBTS could be materially undervalued after its sharp pullback and noting improved earnings expectations. D-Wave Quantum (QBTS) Could Be 56% Undervalued On A More Bullish Analyst View

Analyst Ratings Changes

Several research analysts have recently weighed in on QBTS shares. Canaccord Genuity Group dropped their target price on shares of D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of D-Wave Quantum in a research note on Tuesday, June 2nd. B. Riley Financial lifted their price objective on shares of D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Zacks Research raised D-Wave Quantum from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Mizuho lifted their price target on D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.80.

D-Wave Quantum Price Performance

The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average price is $23.08 and its two-hundred day moving average price is $21.34. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of -14.37 and a beta of 2.11.

D-Wave Quantum (NYSE:QBTS) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) earnings per share (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 firm had revenue of $2.86 million during the quarter, compared to analysts’ expectations of $4.19 million. During the same quarter last year, the firm earned ($0.02) earnings per share. The business’s revenue for the quarter was down 80.9% on a year-over-year basis. Analysts anticipate that D-Wave Quantum Inc. will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling at D-Wave Quantum

In related news, CFO John M. Markovich sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $25.71, for a total transaction of $5,142,000.00. Following the transaction, the chief financial officer owned 1,142,820 shares of the company’s stock, valued at approximately $29,381,902.20. This trade represents a 14.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Sophie C. Ames sold 23,025 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $18.98, for a total transaction of $437,014.50. Following the transaction, the vice president directly owned 596,803 shares in the company, valued at approximately $11,327,320.94. The trade was a 3.71% 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. Insiders sold 1,360,772 shares of company stock worth $35,737,111 over the last quarter. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. UBS Group AG lifted its stake in shares of D-Wave Quantum by 541.6% in the 3rd 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 last quarter. Geode Capital Management LLC increased its position in D-Wave Quantum by 11.5% during the fourth quarter. Geode Capital Management LLC now owns 8,394,726 shares of the company’s stock worth $220,085,000 after buying an additional 866,405 shares during the last quarter. State Street Corp raised its holdings in D-Wave Quantum by 5.3% during the fourth quarter. State Street Corp now owns 7,707,085 shares of the company’s stock valued at $201,540,000 after buying an additional 385,809 shares in the last quarter. Marex Group plc lifted its position 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 worth $120,098,000 after buying an additional 1,966,500 shares during the last quarter. Finally, Clear Street Group Inc. lifted its position in shares of D-Wave Quantum by 40.4% in the fourth quarter. Clear Street Group Inc. now owns 4,281,254 shares of the company’s stock worth $111,955,000 after buying an additional 1,232,106 shares during the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

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.