D-Wave Quantum (NYSE:QBTS) Shares Down 1.3% – Should You Sell?

D-Wave Quantum Inc. (NYSE:QBTS) fell 1.3% during mid-day trading on Thursday . The stock traded as low as $16.82 and last traded at $17.12. 13,524,347 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 30,425,656 shares. The stock had previously closed at $17.35.

More D-Wave Quantum News

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

• Positive Sentiment: D-Wave will ring the Nasdaq Opening Bell on July 27, marking its listing debut on the exchange and giving the company a visibility boost that could help sentiment around the name. D-Wave to Ring the Nasdaq Opening Bell on July 27, 2026 to Mark Its Listing Debut on the Nasdaq
• Positive Sentiment: Recent analyst coverage has turned more constructive, with one bullish view suggesting QBTS could be materially undervalued after its sharp pullback and noting improved earnings expectations. D-Wave Quantum (QBTS) Could Be 56% Undervalued On A More Bullish Analyst View

Analysts Set New Price Targets

Several brokerages recently issued reports on QBTS. Cantor Fitzgerald restated an “overweight” rating and set a $40.00 price objective on shares of D-Wave Quantum in a research report on Wednesday, May 13th. Canaccord Genuity Group dropped their price target on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Mizuho raised their price target on D-Wave Quantum from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. B. Riley Financial boosted their price target on D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.80.

D-Wave Quantum Trading Down 5.1%

The business’s fifty day moving average price is $23.00 and its 200 day moving average price is $21.30. 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 firm has a market capitalization of $6.01 billion, a PE ratio of -14.37 and a beta of 2.11.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.86 million for the quarter, compared to the consensus estimate of $4.19 million. During the same quarter 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, analysts expect that D-Wave Quantum Inc. will post -0.42 EPS for the current fiscal year.

Insider Activity at D-Wave Quantum

In other D-Wave Quantum news, CEO Alan E. Baratz sold 687,627 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $26.13, for a total transaction of $17,967,693.51. Following the transaction, the chief executive officer owned 3,299,771 shares of the company’s stock, valued at $86,223,016.23. This represents a 17.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Sophie C. Ames sold 23,025 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $18.98, for a total value of $437,014.50. Following the sale, the vice president owned 596,803 shares in the company, valued at $11,327,320.94. This trade represents a 3.71% decrease in their position. 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. Over the last quarter, insiders have sold 1,360,772 shares of company stock worth $35,737,111. Company insiders own 1.30% of the company’s stock.

Institutional Trading of D-Wave Quantum

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC lifted its holdings in shares of D-Wave Quantum by 388.0% during the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock worth $26,000 after acquiring an additional 776 shares during the period. Parallel Advisors LLC boosted its position in shares of D-Wave Quantum by 545.5% in the first quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock worth $26,000 after acquiring an additional 1,511 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in D-Wave Quantum in the fourth quarter valued at approximately $28,000. PeakShares LLC purchased a new stake in D-Wave Quantum in the first quarter valued at approximately $29,000. Finally, EverSource Wealth Advisors LLC increased its position in D-Wave Quantum by 267.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after purchasing an additional 838 shares during the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

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.