D-Wave Quantum (NYSE:QBTS) Shares Down 7.8% – What’s Next?

D-Wave Quantum Inc. (NYSE:QBTS) traded down 7.8% on Wednesday . The company traded as low as $27.38 and last traded at $27.5680. 41,604,326 shares were traded during mid-day trading, an increase of 28% from the average session volume of 32,412,561 shares. The stock had previously closed at $29.91.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave’s recent Investor Day messaging pushed the idea that quantum computing is already commercial, which may be helping support the stock’s longer-term valuation story. D-Wave Quantum Inc. (QBTS) Analyst/Investor Day Transcript
• Positive Sentiment: Jim Cramer’s comment that D-Wave “might be worth owning” added another visibility boost for QBTS and could keep retail interest elevated. Jim Cramer on D-Wave Quantum: “It Might Be Worth Owning”
• Positive Sentiment: D-Wave also announced Great Place To Work certification for 2026, a modest but favorable signal for hiring and company culture during a growth phase. D-Wave Certified as a Great Place To Work® Company
• Neutral Sentiment: Quantinuum’s IPO has drawn fresh attention to the quantum-computing sector, but it also appears to be increasing trading volatility across the group as investors rotate between names. Quantinuum Stock Falls After Uninspiring Quantum IPO Debut. What Went Wrong?
• Negative Sentiment: QBTS weakened alongside other quantum stocks ahead of Quantinuum’s Nasdaq debut, suggesting the sector can sell off when excitement cools. Rigetti, D-Wave, IonQ Stocks Sink as Quantinuum’s $1.5 Billion IPO Nears Nasdaq Debut
• Negative Sentiment: CFO John Markovich sold 2,908 shares at $31 each, a small insider sale that may slightly pressure sentiment even though he still owns a large stake. SEC Form 4 for John M. Markovich

Wall Street Analyst Weigh In

QBTS has been the subject of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of D-Wave Quantum in a report on Tuesday, May 12th. Rosenblatt Securities reissued a “buy” rating and set a $43.00 target price on shares of D-Wave Quantum in a research note on Tuesday. Roth Mkm raised their target price on shares of D-Wave Quantum from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday. TD Cowen began coverage on D-Wave Quantum in a research report on Thursday, February 12th. They set a “buy” rating for the company. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $40.00 target price on shares of D-Wave Quantum in a research note on Wednesday, May 13th. Fourteen research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.40.

D-Wave Quantum Stock 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 has a fifty day moving average of $20.55 and a 200-day moving average of $22.19. The stock has a market cap of $9.49 billion, a PE ratio of -22.63 and a beta of 2.05.

D-Wave Quantum (NYSE:QBTS) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. The firm 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%.The firm’s revenue was down 80.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.02) EPS. On average, equities analysts forecast that D-Wave Quantum Inc. will post -0.43 EPS for the current year.

Insider Buying and Selling at D-Wave Quantum

In other D-Wave Quantum news, Director Rohit Ghai sold 10,000 shares of the business’s 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 sale, the director directly owned 27,778 shares in the company, valued at approximately $489,448.36. The trade was a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sophie C. Ames sold 23,025 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $18.98, for a total transaction of $437,014.50. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 378,461 shares of company stock valued at $10,064,084. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On D-Wave Quantum

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in D-Wave Quantum by 41.2% during the third quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock worth $950,220,000 after acquiring an additional 11,218,255 shares during the last quarter. UBS Group AG increased its holdings in 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 in the last quarter. Geode Capital Management LLC raised its position in D-Wave Quantum by 11.5% in the fourth quarter. Geode Capital Management LLC now owns 8,394,726 shares of the company’s stock valued at $220,085,000 after purchasing an additional 866,405 shares during the period. State Street Corp grew its position in D-Wave Quantum by 5.3% in the fourth quarter. State Street Corp now owns 7,707,085 shares of the company’s stock valued at $201,540,000 after acquiring an additional 385,809 shares in the last quarter. Finally, Marex Group plc lifted its position in shares of D-Wave Quantum by 74.9% during the fourth quarter. Marex Group plc now owns 4,592,656 shares of the company’s stock worth $120,098,000 after purchasing an additional 1,966,500 shares in the last quarter. 42.47% of the stock is 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.