Encore Global Management LP Invests $433,000 in D-Wave Quantum Inc. $QBTS

Encore Global Management LP acquired a new stake in D-Wave Quantum Inc. (NYSE:QBTS) in the 1st quarter, Holdings Channel.com reports. The fund acquired 30,000 shares of the company’s stock, valued at approximately $433,000.

A number of other large investors have also added to or reduced their stakes in QBTS. Baird Financial Group Inc. boosted its position in D-Wave Quantum by 12.0% during the 1st quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock worth $92,000 after buying an additional 1,300 shares during the period. Royal Bank of Canada increased its position in D-Wave Quantum by 59.8% in the 1st quarter. Royal Bank of Canada now owns 162,088 shares of the company’s stock valued at $1,231,000 after acquiring an additional 60,668 shares during the period. AQR Capital Management LLC increased its position in D-Wave Quantum by 201.0% in the 1st quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock valued at $1,526,000 after acquiring an additional 134,066 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in D-Wave Quantum by 93.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock valued at $825,000 after acquiring an additional 52,437 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of D-Wave Quantum by 125.7% during the first quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock valued at $333,000 after acquiring an additional 24,382 shares during the last quarter. Institutional investors own 42.47% of the company’s stock.

Key D-Wave Quantum News

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

• Positive Sentiment: Expanded AT&T partnership validates commercial demand. AT&T plans to expand its use of D-Wave’s quantum-annealing systems across network operations to address complex optimization problems. The companies highlighted a benchmark in which a network workload was reduced from roughly one hour to 15 seconds, or a 240-fold acceleration. The agreement is viewed as evidence that D-Wave’s technology is moving beyond research into live enterprise applications. AT&T Signs Agreement to Expand Use of D-Wave’s Quantum Computing Technology Across Network Operations
• Positive Sentiment: Analysts remain optimistic. Rosenblatt Securities reaffirmed its Buy rating and set a $43 price target, implying substantial upside from recent levels. Broader analyst commentary also points to strong bookings, revenue visibility and liquidity heading into D-Wave’s second-quarter results. Rosenblatt Reiterates Buy Rating
• Neutral Sentiment: Sector-wide volatility is driving the near-term move. Quantum stocks rallied strongly following the D-Wave and AT&T announcement, but have since retreated as Nvidia-led concerns about AI infrastructure spending triggered a broader pullback. This suggests the current weakness may reflect profit-taking and risk reduction across the sector rather than a deterioration in D-Wave’s AT&T opportunity. Quantum Stocks Retreat in Premarket
• Negative Sentiment: Financial results remain a major risk. D-Wave’s latest quarter showed revenue of $2.86 million, down 80.9% year over year and below expectations, although its adjusted loss per share was better than forecast. The company remains unprofitable, with significant negative margins, making the stock highly dependent on future contract growth and commercialization.
• Negative Sentiment: Insider selling adds a minor negative signal. Vice President Sophie Ames sold 3,070 shares worth approximately $52,000 under a pre-arranged Rule 10b5-1 plan. The sale reduced her stake by only 0.52%, limiting its significance, but it may still contribute to cautious sentiment. SEC Insider Filing

Insiders Place Their Bets

In related news, Director John D. Dilullo sold 7,850 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $24.43, for a total value of $191,775.50. Following the transaction, the director owned 21,310 shares in the company, valued at $520,603.30. The trade was a 26.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Markovich sold 328,752 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $27.70, for a total transaction of $9,106,430.40. Following the sale, the chief financial officer directly owned 1,442,820 shares in the company, valued at $39,966,114. This trade represents a 18.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,363,842 shares of company stock valued at $35,789,148 over the last quarter. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on QBTS. Zacks Research upgraded shares of D-Wave Quantum from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Cantor Fitzgerald restated an “overweight” rating and issued a $40.00 price objective on shares of D-Wave Quantum in a report on Wednesday, May 13th. B. Riley Financial raised their target price on D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of D-Wave Quantum in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of D-Wave Quantum in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.47.

D-Wave Quantum Stock Down 9.6%

D-Wave Quantum stock opened at $17.64 on Wednesday. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of -15.61 and a beta of 2.11. D-Wave Quantum Inc. has a 52-week low of $12.75 and a 52-week high of $46.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 21.31 and a current ratio of 21.41. The firm has a 50 day moving average price of $22.99 and a two-hundred day moving average price of $21.07.

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 analysts’ consensus estimates 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 company 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) EPS. The company’s quarterly revenue was down 80.9% on a year-over-year basis. Equities analysts predict that D-Wave Quantum Inc. will post -0.42 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.