D-Wave Quantum (NYSE:QBTS) Shares Gap Up – Time to Buy?

D-Wave Quantum Inc. (NYSE:QBTS)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $16.21, but opened at $17.86. D-Wave Quantum shares last traded at $19.25, with a volume of 11,910,002 shares changing hands.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: Expanded AT&T partnership validates commercial demand. AT&T plans to expand its use of D-Wave’s quantum-annealing systems across network operations to address complex optimization problems. The companies highlighted a benchmark in which a network workload was reduced from roughly one hour to 15 seconds, or a 240-fold acceleration. The agreement is viewed as evidence that D-Wave’s technology is moving beyond research into live enterprise applications. AT&T Signs Agreement to Expand Use of D-Wave’s Quantum Computing Technology Across Network Operations
• Positive Sentiment: Analysts remain optimistic. Rosenblatt Securities reaffirmed its Buy rating and set a $43 price target, implying substantial upside from recent levels. Broader analyst commentary also points to strong bookings, revenue visibility and liquidity heading into D-Wave’s second-quarter results. Rosenblatt Reiterates Buy Rating
• Neutral Sentiment: Sector-wide volatility is driving the near-term move. Quantum stocks rallied strongly following the D-Wave and AT&T announcement, but have since retreated as Nvidia-led concerns about AI infrastructure spending triggered a broader pullback. This suggests the current weakness may reflect profit-taking and risk reduction across the sector rather than a deterioration in D-Wave’s AT&T opportunity. Quantum Stocks Retreat in Premarket
• Negative Sentiment: Financial results remain a major risk. D-Wave’s latest quarter showed revenue of $2.86 million, down 80.9% year over year and below expectations, although its adjusted loss per share was better than forecast. The company remains unprofitable, with significant negative margins, making the stock highly dependent on future contract growth and commercialization.
• Negative Sentiment: Insider selling adds a minor negative signal. Vice President Sophie Ames sold 3,070 shares worth approximately $52,000 under a pre-arranged Rule 10b5-1 plan. The sale reduced her stake by only 0.52%, limiting its significance, but it may still contribute to cautious sentiment. SEC Insider Filing

Analyst Ratings Changes

A number of equities research analysts recently issued reports on QBTS shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $40.00 target price on shares of D-Wave Quantum in a research report on Wednesday, May 13th. Mizuho boosted their price target on shares of D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of D-Wave Quantum in a research note on Tuesday, June 2nd. Northland Securities began coverage on shares of D-Wave Quantum in a report on Monday, April 20th. They set a “market perform” rating and a $22.00 price objective for the company. Finally, Canaccord Genuity Group cut their target price on shares of D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.47.

D-Wave Quantum Trading Down 9.6%

The company’s 50-day moving average is $22.99 and its 200-day moving average is $21.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 21.31 and a current ratio of 21.41. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of -15.61 and a beta of 2.11.

D-Wave Quantum (NYSE:QBTS) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. 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 company posted ($0.02) EPS. The company’s quarterly revenue was down 80.9% compared to the same quarter last year. On average, research analysts predict that D-Wave Quantum Inc. will post -0.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John D. Dilullo sold 7,850 shares of D-Wave Quantum stock in a transaction on Friday, June 5th. The stock was sold at an average price of $24.43, for a total value of $191,775.50. Following the completion of the sale, the director directly owned 21,310 shares of the company’s stock, valued at approximately $520,603.30. This trade represents a 26.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rohit Ghai sold 13,518 shares of the business’s stock in a transaction 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 sale, the director owned 23,617 shares of the company’s stock, valued at approximately $623,724.97. The trade was a 36.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,363,842 shares of company stock valued at $35,789,148 over the last quarter. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC boosted its stake in shares of D-Wave Quantum by 388.0% in the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after purchasing an additional 776 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in D-Wave Quantum in the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in D-Wave Quantum by 267.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock valued at $30,000 after acquiring an additional 838 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new position in D-Wave Quantum in the fourth quarter valued at approximately $31,000. Finally, Ancora Advisors LLC acquired a new stake in D-Wave Quantum during the 3rd quarter worth $30,000. 42.47% of the stock is currently owned by institutional investors and hedge funds.

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.