D-Wave Quantum Inc. $QBTS Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC grew its stake in shares of D-Wave Quantum Inc. (NYSE:QBTS) by 11.4% in the fourth quarter, HoldingsChannel reports. The fund owned 171,079 shares of the company’s stock after buying an additional 17,547 shares during the quarter. HighTower Advisors LLC’s holdings in D-Wave Quantum were worth $4,474,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ancora Advisors LLC acquired a new stake in D-Wave Quantum during the 3rd quarter worth approximately $30,000. Valley National Advisers Inc. lifted its position in D-Wave Quantum by 222.2% during the fourth quarter. Valley National Advisers Inc. now owns 1,595 shares of the company’s stock valued at $41,000 after buying an additional 1,100 shares in the last quarter. Kelleher Financial Advisors acquired a new position in D-Wave Quantum during the third quarter valued at approximately $40,000. Tucker Asset Management LLC acquired a new position in D-Wave Quantum during the fourth quarter valued at approximately $47,000. Finally, Larson Financial Group LLC lifted its position in D-Wave Quantum by 1,754.0% during the third quarter. Larson Financial Group LLC now owns 1,854 shares of the company’s stock valued at $46,000 after buying an additional 1,754 shares in the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

D-Wave Quantum Stock Up 7.4%

Shares of NYSE:QBTS opened at $29.52 on Friday. 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 company has a fifty day simple moving average of $19.27 and a 200 day simple moving average of $22.10. The firm has a market cap of $10.92 billion, a PE ratio of -26.13 and a beta of 1.95. D-Wave Quantum Inc. has a 12-month low of $12.75 and a 12-month high of $46.75.

D-Wave Quantum (NYSE:QBTS) last issued 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 business had revenue of $2.86 million during the quarter, compared to analyst estimates of $4.19 million. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The business’s revenue was down 80.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. On average, equities research analysts anticipate that D-Wave Quantum Inc. will post -0.44 EPS for the current fiscal year.

Insider Activity at D-Wave Quantum

In related news, VP Sophie C. Ames sold 23,025 shares of D-Wave Quantum stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $18.98, for a total value of $437,014.50. Following the completion of the sale, the vice president owned 596,803 shares in the company, valued at approximately $11,327,320.94. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rohit Ghai sold 10,000 shares of D-Wave Quantum stock in a transaction on Monday, March 16th. The stock was sold at an average price of $17.62, for a total transaction of $176,200.00. Following the completion of the sale, the director owned 27,778 shares of the company’s stock, valued at approximately $489,448.36. This trade represents a 26.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 383,553 shares of company stock worth $10,118,016 in the last ninety days. 3.20% of the stock is currently owned by corporate insiders.

More D-Wave Quantum News

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

• Positive Sentiment: Industry coverage continues to highlight quantum computing’s move toward commercial adoption, with some analysts arguing QBTS could have more upside than peers thanks to rising bookings and enterprise demand. Article Title
• Positive Sentiment: Broader news around the quantum sector suggests the market is treating commercial progress as a real catalyst, which supports investor optimism for D-Wave Quantum’s growth story. Article Title
• Neutral Sentiment: IBM’s new $10 billion quantum funding plan adds more attention to the sector overall, but it is not a direct catalyst for QBTS. It does reinforce that large tech companies are still investing heavily in quantum computing. Article Title
• Negative Sentiment: D-Wave Quantum CFO John Markovich sold 328,752 shares, trimming his position by about 18.6%. Insider selling can weigh on sentiment, especially when investors are already sensitive to valuation and profitability concerns. Article Title
• Negative Sentiment: Several reports say shares fell after a classical-computing study questioned D-Wave’s quantum advantage claims, raising doubts about one of the company’s key technology narratives. Article Title

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on QBTS shares. Weiss Ratings cut shares of D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. Roth Mkm reduced their price target 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. Northland Securities started coverage on shares of D-Wave Quantum in a research report on Monday, April 20th. They set a “market perform” rating and a $22.00 price target on the stock. TD Cowen started coverage on shares of D-Wave Quantum in a research report on Thursday, February 12th. They set a “buy” rating on the stock. Finally, Mizuho reduced their price target 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. Fourteen equities 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.67.

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.