World Investment Advisors Has $1.09 Million Holdings in D-Wave Quantum Inc. $QBTS

World Investment Advisors grew its stake in D-Wave Quantum Inc. (NYSE:QBTS) by 195.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 41,691 shares of the company’s stock after buying an additional 27,592 shares during the quarter. World Investment Advisors’ holdings in D-Wave Quantum were worth $1,090,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in QBTS. Root Financial Partners LLC boosted its holdings in shares of D-Wave Quantum by 388.0% in the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after buying an additional 776 shares during the period. Kemnay Advisory Services Inc. acquired a new position in shares of D-Wave Quantum in the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 838 shares during the period. Ancora Advisors LLC acquired a new position in shares of D-Wave Quantum in the third quarter valued at approximately $30,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of D-Wave Quantum in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

Insider Activity

In other D-Wave Quantum news, Director John D. Dilullo sold 8,000 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $18.01, for a total value of $144,080.00. Following the transaction, the director directly owned 19,803 shares in the company, valued at $356,652.03. The trade was a 28.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rohit Ghai sold 10,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $17.62, for a total transaction of $176,200.00. Following the completion of the transaction, the director owned 27,778 shares in the company, valued at approximately $489,448.36. This represents a 26.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 31,776 shares of company stock valued at $574,571. 3.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on QBTS. TD Cowen began coverage on shares of D-Wave Quantum in a research report on Thursday, February 12th. They issued a “buy” rating on the stock. Mizuho cut their price objective on shares of D-Wave Quantum from $31.00 to $29.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Benchmark reissued a “buy” rating and issued a $35.00 price objective on shares of D-Wave Quantum in a research report on Friday, January 23rd. Roth Mkm cut their price objective on shares of D-Wave Quantum from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, Wall Street Zen lowered shares of D-Wave Quantum from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Fourteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.67.

Key D-Wave Quantum News

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

• Positive Sentiment: Several firms reiterated bullish views on QBTS, including Buy or Overweight ratings from Cantor Fitzgerald, Canaccord Genuity, Needham and Rosenblatt, signaling that analysts still see long-term upside. Article Title
• Positive Sentiment: The company’s Q1 update showed record bookings of $33.4 million, which suggests demand for its quantum systems and services remains strong even though revenue was lower than expected. Article Title
• Neutral Sentiment: Coverage this week highlighted D-Wave as a closely watched name in the quantum-computing trade, with investors debating whether recent weakness is a buying opportunity after the Q1 reaction. Article Title
• Negative Sentiment: QBTS is being hit by a sector-wide selloff in quantum stocks, which is overshadowing company-specific positives and dragging shares lower alongside peers. Article Title
• Negative Sentiment: Investors are still weighing weak top-line results from Q1, including revenue of $2.86 million, which keeps questions alive about near-term profitability and execution. Article Title

D-Wave Quantum Stock Performance

NYSE QBTS opened at $20.24 on Monday. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $18.05 and its two-hundred day moving average price is $22.56. D-Wave Quantum Inc. has a 1 year low of $11.32 and a 1 year high of $46.75. The firm has a market capitalization of $7.49 billion, a P/E ratio of -17.91 and a beta of 1.95.

D-Wave Quantum (NYSE:QBTS) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.19 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. The company’s quarterly revenue was down 80.9% compared to the same quarter last year. As a group, research analysts anticipate that D-Wave Quantum Inc. will post -0.44 EPS for the current year.

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.