D-Wave Quantum Inc. (NYSE:QBTS – Get Free Report) major shareholder Sector Pension Investme Public sold 2,778,564 shares of D-Wave Quantum stock in a transaction on Friday, January 10th. The stock was sold at an average price of $6.14, for a total transaction of $17,060,382.96. Following the transaction, the insider now directly owns 37,278,688 shares in the company, valued at $228,891,144.32. This represents a 6.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Sector Pension Investme Public also recently made the following trade(s):
- On Monday, January 13th, Sector Pension Investme Public sold 7,278,688 shares of D-Wave Quantum stock. The shares were sold at an average price of $4.07, for a total transaction of $29,624,260.16.
- On Friday, December 20th, Sector Pension Investme Public sold 1,000,000 shares of D-Wave Quantum stock. The stock was sold at an average price of $6.68, for a total transaction of $6,680,000.00.
- On Thursday, December 12th, Sector Pension Investme Public sold 8,437,593 shares of D-Wave Quantum stock. The shares were sold at an average price of $4.21, for a total transaction of $35,522,266.53.
- On Tuesday, December 10th, Sector Pension Investme Public sold 643,866 shares of D-Wave Quantum stock. The shares were sold at an average price of $4.87, for a total value of $3,135,627.42.
D-Wave Quantum Stock Up 24.0 %
Shares of NYSE:QBTS opened at $4.75 on Wednesday. The firm has a market capitalization of $1.28 billion, a PE ratio of -11.31 and a beta of 1.16. The company has a 50-day moving average price of $4.97 and a two-hundred day moving average price of $2.41. D-Wave Quantum Inc. has a twelve month low of $0.68 and a twelve month high of $11.41.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
QBTS has been the topic of several research analyst reports. B. Riley boosted their price objective on D-Wave Quantum from $4.50 to $9.00 and gave the stock a “buy” rating in a research report on Tuesday. Craig Hallum increased their price target on shares of D-Wave Quantum from $2.50 to $9.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Benchmark reaffirmed a “buy” rating and issued a $8.00 price objective on shares of D-Wave Quantum in a research report on Tuesday. Roth Mkm boosted their target price on shares of D-Wave Quantum from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Needham & Company LLC restated a “buy” rating and set a $2.25 price target on shares of D-Wave Quantum in a research note on Friday, November 15th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $6.38.
Check Out Our Latest Report on D-Wave Quantum
D-Wave Quantum Company Profile
D-Wave Quantum Inc develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.
Read More
- Five stocks we like better than D-Wave Quantum
- What is the Nasdaq? Complete Overview with History
- The Fed Is More Likely to Hike Than Cut Rates in 2025
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Investors Navigate Uncertainty by Seeking Refuge in Gold and Oil
- Investing In Preferred Stock vs. Common Stock
- Archer Aviation Shares Slide, Now Bargain Priced for 2025
Receive News & Ratings for D-Wave Quantum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D-Wave Quantum and related companies with MarketBeat.com's FREE daily email newsletter.