D-Wave Quantum (NYSE:QBTS) Trading Up 1.3% After Analyst Upgrade

Shares of D-Wave Quantum Inc. (NYSE:QBTS) were up 1.3% during mid-day trading on Wednesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The stock traded as high as $18.41 and last traded at $18.3380. Approximately 18,795,750 shares traded hands during trading, a decline of 37% from the average daily volume of 29,816,672 shares. The stock had previously closed at $18.11.

Several other equities analysts also recently issued reports on QBTS. Mizuho dropped their price target on shares of D-Wave Quantum from $46.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Benchmark reaffirmed a “buy” rating and set a $35.00 price target on shares of D-Wave Quantum in a research note on Friday, January 23rd. Roth Mkm dropped their price target on shares of D-Wave Quantum from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Wall Street Zen cut shares of D-Wave Quantum from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of D-Wave Quantum in a research report on Friday, March 27th. Fourteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.53.

Insider Activity

In other news, VP Sophie C. Ames sold 3,070 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $21.35, for a total transaction of $65,544.50. Following the completion of the sale, the vice president directly owned 643,678 shares in the company, valued at $13,742,525.30. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rohit Ghai sold 10,000 shares of the 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 owned 27,778 shares of the company’s stock, valued at approximately $489,448.36. This trade represents a 26.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 31,776 shares of company stock valued at $574,571. 3.20% of the stock is owned by corporate insiders.

More D-Wave Quantum News

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

• Positive Sentiment: Management is staging its first-ever Investor Day at the New York Stock Exchange, increasing visibility with institutional investors and providing a forum to present roadmaps for revenue, bookings and product strategy. This can support near-term sentiment and liquidity. D-Wave Quantum (QBTS) to Host First-Ever Investor Day at the New York Stock Exchange
• Positive Sentiment: Zacks upgraded QBTS from “strong sell” to “hold,” removing a strong negative rating and signaling modestly improved analyst sentiment — a supportive technical for the stock. Zacks upgrade / TickerReport
• Positive Sentiment: Coverage and comparison pieces highlight renewed investor interest driven by AI-quantum convergence, bookings growth and policy support — factors cited as potential upside drivers if execution and commercial traction continue. QBTS or RGTI: Which Quantum Play Will Offer Better Upside in May?
• Neutral Sentiment: Balanced analyst write-ups (bull vs. bear) lay out both long-term potential and short-term risks without a clear consensus — useful for investors but not a decisive price catalyst by itself. Bull vs. Bear: D-Wave Quantum
• Neutral Sentiment: Valuation and volatility analyses note large recent swings (big month-to-month moves and YTD weakness), which keep QBTS a high-beta trade for investors willing to accept execution risk. Assessing D-Wave Quantum (QBTS) Valuation After Recent Volatility And Contrasting Shareholder Returns
• Neutral Sentiment: Coverage of peers (e.g., Rigetti) provides comparative context — competitors’ balance-sheet strength or product progress matter for relative positioning but don’t directly move QBTS absent company-specific news. Rigetti’s Balance Sheet Strength Supports Quantum Growth Path
• Negative Sentiment: Media commentary framing the broader software/tech bear market raises sector headwinds and questions whether it’s the right time to “buy the dip” in quantum stocks, which can pressure sentiment if macro risk aversion rises. Software Bear Market: Should You Buy the Dip in D-Wave Quantum Stock Right Now?
• Negative Sentiment: Fundamental headwinds persist: a recent quarterly EPS and revenue miss, deeply negative margins and ongoing net losses mean QBTS must show scaling revenue and margin improvements to justify higher valuations — execution shortfalls would weigh on the stock.

Institutional Investors Weigh In On D-Wave Quantum

A number of large investors have recently bought and sold shares of QBTS. Baird Financial Group Inc. grew its holdings in D-Wave Quantum by 12.0% in the first quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock worth $92,000 after purchasing an additional 1,300 shares during the period. Royal Bank of Canada grew its holdings in D-Wave Quantum by 59.8% in the first quarter. Royal Bank of Canada now owns 162,088 shares of the company’s stock worth $1,231,000 after purchasing an additional 60,668 shares during the period. AQR Capital Management LLC grew its holdings in D-Wave Quantum by 201.0% in the first quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock worth $1,526,000 after purchasing an additional 134,066 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in D-Wave Quantum by 93.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock worth $825,000 after purchasing an additional 52,437 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in D-Wave Quantum by 125.7% in the first quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock worth $333,000 after purchasing an additional 24,382 shares during the period. 42.47% of the stock is currently owned by institutional investors and hedge funds.

D-Wave Quantum Price Performance

The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of -18.63 and a beta of 1.95. The business’s fifty day simple moving average is $17.44 and its 200 day simple moving average is $23.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 42.38 and a quick ratio of 42.25.

D-Wave Quantum (NYSE:QBTS) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). The business had revenue of $2.75 million for the quarter, compared to analyst estimates of $3.74 million. D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 58.58%. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, research analysts forecast that D-Wave Quantum Inc. will post -0.44 EPS for the current year.

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.