D-Wave Quantum (NYSE:QBTS) CFO John Markovich Sells 50,979 Shares of Stock

D-Wave Quantum Inc. (NYSE:QBTS) CFO John Markovich sold 50,979 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $26.24, for a total transaction of $1,337,688.96. Following the completion of the sale, the chief financial officer owned 1,388,933 shares in the company, valued at $36,445,601.92. This represents a 3.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

D-Wave Quantum Trading Down 0.7%

QBTS opened at $23.36 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31. D-Wave Quantum Inc. has a fifty-two week low of $12.75 and a fifty-two week high of $46.75. The firm has a market capitalization of $8.64 billion, a PE ratio of -20.67 and a beta of 2.05. The company’s 50-day moving average is $21.32 and its 200 day moving average is $22.24.

D-Wave Quantum (NYSE:QBTS) last posted its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, topping 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 quarter in the prior year, the business posted ($0.02) EPS. The firm’s revenue was down 80.9% compared to the same quarter last year. As a group, research analysts predict that D-Wave Quantum Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QBTS. Root Financial Partners LLC grew its position 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 valued at $26,000 after acquiring an additional 776 shares during the period. Parallel Advisors LLC grew its position in shares of D-Wave Quantum by 545.5% during the 1st quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock valued at $26,000 after acquiring an additional 1,511 shares during the period. Kemnay Advisory Services Inc. bought a new position in shares of D-Wave Quantum during the 4th quarter valued at approximately $28,000. PeakShares LLC bought a new position in shares of D-Wave Quantum during the 1st quarter valued at approximately $29,000. Finally, EverSource Wealth Advisors LLC grew 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 valued at $30,000 after acquiring an additional 838 shares during the period. 42.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on QBTS. Canaccord Genuity Group reduced their price objective on shares of 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. Jefferies Financial Group reaffirmed a “buy” rating on shares of D-Wave Quantum in a research report on Tuesday, May 12th. B. Riley Financial upped their price objective on shares of D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Mizuho reduced their price objective on shares of D-Wave Quantum from $31.00 to $29.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $40.00 price objective on shares of D-Wave Quantum in a research report on Wednesday, May 13th. Fourteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.40.

D-Wave Quantum News Roundup

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

• Positive Sentiment: B. Riley raised its price target on D-Wave Quantum to $40 from $36 and kept a Buy rating, reinforcing the view that analysts still see significant upside in QBTS. B. Riley is Bullish on D-Wave Quantum Inc. (QBTS)
• Positive Sentiment: Recent coverage also pointed to D-Wave’s CHIPS-related funding and board changes as signs of growing strategic importance in the U.S. quantum ecosystem. Is D-Wave Quantum’s (QBTS) CHIPS Funding And Board Shift Reframing Its Commercial Quantum Strategy?
• Positive Sentiment: Some analysts and market commentary continue to frame QBTS as a high-upside quantum name, helped by growing investor interest in the sector. 2 Quantum Stocks With 45%+ Upside in June as OpenAI, SpaceX Eye IPO
• Neutral Sentiment: The company’s CFO disclosed two small and medium-sized stock sales, which add to insider-activity scrutiny but are less significant than the CEO’s transaction. John M. Markovich insider trade disclosure
• Negative Sentiment: CEO Alan Baratz sold 687,627 shares, a sizable insider sale that may be read by investors as reduced confidence at current levels. Alan E. Baratz insider trade disclosure
• Negative Sentiment: Commentary from multiple outlets warns that QBTS has already run up sharply and may be vulnerable if growth expectations or quantum milestones disappoint. D-Wave Quantum Plummeted Today — Is the Stock a Buy Right Now?
• Negative Sentiment: Another report argued that legacy tech giants like Intel and IBM could intensify competition, making it harder for pure-play quantum companies such as D-Wave to defend premium valuations. The Case for Intel Over Pure-Play Quantum Firms (QBTS)

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.