D-Wave Quantum (NYSE:QBTS) Trading Up 10.5% – Here’s What Happened

D-Wave Quantum Inc. (NYSE:QBTS) rose 10.5% on Monday . The stock traded as high as $20.14 and last traded at $19.98. 24,485,735 shares were traded during trading, a decline of 19% from the average daily volume of 30,116,486 shares. The stock had previously closed at $18.08.

D-Wave Quantum News Summary

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

• Positive Sentiment: Nasdaq Verafin partnership: D-Wave and Nasdaq Verafin agreed to explore and develop quantum-computing applications aimed at improving financial-crime detection. The announcement provides a prominent potential enterprise use case for D-Wave’s technology and strengthens its relationship with a major financial-technology provider. The agreement is currently an evaluation rather than a confirmed commercial rollout. D-Wave and Nasdaq Verafin Announce Agreement for Quantum Computing Application Development
• Positive Sentiment: New bullish analyst coverage: Wedbush initiated coverage of QBTS with an “Outperform” rating and a $40 price target, implying substantial upside from the stock’s recent level. The initiation adds institutional visibility and reinforces the bullish investment case for D-Wave’s commercial quantum-annealing business. Benzinga analyst coverage report
• Positive Sentiment: Sector momentum: Quantum-computing shares broadly advanced after D-Wave’s Verafin announcement and IonQ’s separate SkyWater transaction. The sector-wide move is supporting QBTS, although some of the gains may reflect momentum trading rather than a change in near-term fundamentals. D-Wave Spikes 11% on Nasdaq Verafin Deal
• Neutral Sentiment: Recent investment commentary contrasts D-Wave’s quantum-annealing platform and growing enterprise customer base with IonQ’s trapped-ion technology. Analysts see long-term potential in the industry, but the comparisons highlight that quantum computing remains an emerging and highly competitive market. IonQ vs. D-Wave Quantum
• Negative Sentiment: Execution and valuation risks remain: D-Wave continues to operate at a loss, while its latest reported revenue was well below expectations and declined sharply year over year. With a high-growth valuation and no consistent profitability, the stock remains sensitive to delays in converting pilot projects such as the Verafin initiative into meaningful revenue.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on QBTS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Jefferies Financial Group restated a “buy” rating on shares of D-Wave Quantum in a research note on Tuesday, May 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $40.00 target price on shares of D-Wave Quantum in a report on Wednesday, May 13th. Wedbush assumed coverage on shares of D-Wave Quantum in a research note on Monday. They issued an “outperform” rating and a $40.00 price target for the company. Finally, Weiss Ratings upgraded shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. One research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.80.

D-Wave Quantum Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31. The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of -17.68 and a beta of 2.11. The stock has a 50 day simple moving average of $22.55 and a two-hundred day simple moving average of $20.83.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $2.86 million during 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%.D-Wave Quantum’s revenue for the quarter was down 80.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.02) EPS. As a group, analysts anticipate that D-Wave Quantum Inc. will post -0.42 earnings per share for the current year.

Insider Buying and Selling at D-Wave Quantum

In related news, Director Rohit Ghai sold 13,518 shares of the business’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 transaction of $357,010.38. Following the completion of the sale, the director owned 23,617 shares in the company, valued at $623,724.97. The trade was a 36.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Dilullo sold 7,850 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $24.43, for a total value of $191,775.50. Following the completion of the transaction, the director directly owned 21,310 shares of the company’s stock, valued at $520,603.30. This trade represents a 26.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,363,842 shares of company stock worth $35,789,148. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC raised its stake in D-Wave Quantum by 9.2% during the 2nd quarter. CoreCap Advisors LLC now owns 6,115 shares of the company’s stock worth $147,000 after acquiring an additional 515 shares in the last quarter. Sigma Planning Corp boosted its stake in D-Wave Quantum by 3.6% in the fourth quarter. Sigma Planning Corp now owns 16,329 shares of the company’s stock valued at $431,000 after acquiring an additional 560 shares in the last quarter. AlphaStar Capital Management LLC grew its holdings in shares of D-Wave Quantum by 2.2% during the fourth quarter. AlphaStar Capital Management LLC now owns 27,063 shares of the company’s stock worth $708,000 after purchasing an additional 592 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of D-Wave Quantum by 0.5% during the fourth quarter. Thoroughbred Financial Services LLC now owns 131,852 shares of the company’s stock worth $3,447,000 after purchasing an additional 602 shares during the last quarter. Finally, Arizona State Retirement System increased its position in shares of D-Wave Quantum by 0.7% during the fourth quarter. Arizona State Retirement System now owns 92,037 shares of the company’s stock worth $2,407,000 after purchasing an additional 613 shares in the last quarter. 42.47% of the stock is owned by hedge funds and other institutional investors.

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.