Citizens Financial Group Inc. RI Makes New $1.95 Million Investment in D-Wave Quantum Inc. $QBTS

Citizens Financial Group Inc. RI purchased a new stake in D-Wave Quantum Inc. (NASDAQ:QBTS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 81,096 shares of the company’s stock, valued at approximately $1,945,000.

A number of other large investors have also modified their holdings of the stock. Root Financial Partners LLC grew its stake in shares of D-Wave Quantum by 388.0% during the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock worth $26,000 after purchasing an additional 776 shares in the last quarter. Parallel Advisors LLC raised its stake in D-Wave Quantum by 545.5% in the first quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock valued at $26,000 after buying an additional 1,511 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in D-Wave Quantum during the 4th quarter worth about $28,000. PeakShares LLC purchased a new stake in D-Wave Quantum during the 1st quarter worth about $29,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of D-Wave Quantum by 267.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after acquiring an additional 838 shares in the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

D-Wave Quantum News Roundup

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

• Positive Sentiment: Financial-crime partnership expands commercial opportunity. D-Wave’s collaboration with Nasdaq Verafin applies its quantum-computing technology to financial-crime detection and compliance analytics. The agreement gives QBTS a practical banking use case beyond research and could support future customer adoption and recurring revenue. What Could D Wave Quantum Gain From Its Financial Crime Detection Push?
• Positive Sentiment: Technology and government support strengthen the long-term story. D-Wave secured up to C$300,000 from Canada’s National Research Council and reported Nature-published research on a high-fidelity, error-correcting two-qubit gate for its gate-model systems. The developments support management’s strategy of commercializing both annealing and gate-model platforms, although the funding is modest relative to the company’s valuation. The Bull Case For D-Wave Quantum Could Change Following New NRC Funding And Nature-Published Gate Breakthrough
• Positive Sentiment: Board appointment adds financial expertise. Kevan P. Krysler, a veteran technology finance executive, joined D-Wave’s board and audit committee. His experience could improve financial oversight and help support the company as it scales commercial operations, though the appointment does not immediately change earnings. D-Wave Appoints Kevan P. Krysler to Board of Directors and Audit Committee
• Neutral Sentiment: Investors need proof that momentum is repeatable. Coverage says QBTS is recovering from a mixed second-quarter report, but the company still needs sustained revenue growth, additional customers, and a credible path toward profitability to justify its valuation. D-Wave Has Momentum—What Does It Need to Keep It Going?
• Negative Sentiment: Competition and financial performance remain concerns. Other emerging quantum companies are reporting faster revenue growth, while widening losses across the sector underscore the industry’s speculative nature. D-Wave’s recent results also showed losses and revenue below analyst expectations, increasing pressure on QBTS to convert partnerships and research advances into material sales. The Quantum Race Is Heating Up—And 2 Small Players Stand Out
• Negative Sentiment: Valuation risk remains high. Quantum stocks continue to trade as aggressive, high-risk growth investments, with substantial losses and elevated expectations. That leaves QBTS vulnerable to further selling if commercial adoption or financial results fail to accelerate. 3 Quantum Computing Stocks for Aggressive Investors in August

Insider Buying and Selling

In related news, CEO Alan E. Baratz sold 687,627 shares of D-Wave Quantum stock in a transaction dated 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 completion of the sale, the chief executive officer owned 3,299,771 shares in the company, valued at approximately $86,223,016.23. This trade represents a 17.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rohit Ghai sold 13,518 shares of D-Wave Quantum stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $26.41, for a total value of $357,010.38. Following the sale, the director owned 23,617 shares of the company’s stock, valued at approximately $623,724.97. This represents a 36.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,363,842 shares of company stock valued at $35,789,148. Company insiders own 1.30% of the company’s stock.

D-Wave Quantum Stock Down 1.4%

QBTS stock opened at $20.87 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 20.55 and a quick ratio of 20.42. The company’s 50 day simple moving average is $20.94 and its 200-day simple moving average is $20.32. D-Wave Quantum Inc. has a 12 month low of $12.75 and a 12 month high of $46.75. The firm has a market capitalization of $7.72 billion, a PE ratio of -29.39 and a beta of 2.15.

D-Wave Quantum (NASDAQ:QBTS) last posted its earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The company had revenue of $3.08 million during the quarter, compared to analysts’ expectations of $4.03 million. D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. D-Wave Quantum’s quarterly revenue was down 0.6 compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. Equities analysts expect that D-Wave Quantum Inc. will post -0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

QBTS has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Jefferies Financial Group set a $40.00 price target on shares of D-Wave Quantum in a research note on Friday, August 7th. Northland Securities initiated coverage on D-Wave Quantum in a research report on Monday, April 20th. They issued a “market perform” rating and a $22.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and issued a $43.00 price objective on shares of D-Wave Quantum in a report on Friday, August 7th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $40.00 price target on shares of D-Wave Quantum in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.36.

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.