D-Wave Quantum (NYSE:QBTS) Shares Down 6.9% – Should You Sell?

D-Wave Quantum Inc. (NYSE:QBTS)’s share price dropped 6.9% during mid-day trading on Friday . The company traded as low as $17.83 and last traded at $18.0420. Approximately 26,511,659 shares traded hands during trading, a decline of 22% from the average daily volume of 34,122,992 shares. The stock had previously closed at $19.38.

More D-Wave Quantum News

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

• Positive Sentiment: Trybe Capital bought 1.9 million shares of QBTS, signaling institutional confidence and providing a near-term demand catalyst. Trybe Capital Loads Up D-Wave Quantum With 1.9 Million Shares Bought
• Positive Sentiment: D-Wave joined the Southeastern Quantum Collaborative as an inaugural member, expanding its academic, industry and government network — a strategic move that can help commercial adoption and partnership-driven bookings. D-Wave Joins Southeastern Quantum Collaborative as Inaugural Member
• Positive Sentiment: Analysts have placed a consensus rating of “Moderate Buy” on QBTS, which may support investor sentiment and limit downside if execution continues. D-Wave Quantum Inc. (NYSE:QBTS) Receives Consensus Rating of “Moderate Buy” from Analysts
• Neutral Sentiment: Comparative analyses (IonQ vs. D‑Wave) highlight both firms’ rapid growth but don’t give a clear edge to either — useful context for investors deciding between quantum names but not an immediate price driver. IonQ vs. D-Wave: Which Quantum Stock Has the Clearer Path to Growth in 2026?
• Neutral Sentiment: The Motley Fool published a broader cautionary piece on popular stocks to sell, underscoring appetite for profit-taking in richly valued names across tech — a sector-wide headwind that can add pressure to QBTS. 2 Incredibly Popular Stocks to Sell Before They Plummet
• Negative Sentiment: Zacks warns that while Q4 bookings and tech progress could be strong, QBTS’s lofty valuation and margin pressure may cap upside — a near-term negative catalyst ahead of earnings. Should You Buy D-Wave Stock Ahead of Q4 Earnings Release?
• Negative Sentiment: MarketBeat and other outlets continue to flag volatility in the quantum sector and note peers sometimes outperforming D‑Wave, reinforcing downside risk if sentiment toward quantum names cools. MarketBeat Week in Review – 02/16 – 02/20

Analyst Ratings Changes

QBTS has been the topic of a number of recent analyst reports. Wall Street Zen cut D-Wave Quantum from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Jefferies Financial Group assumed coverage on D-Wave Quantum in a research note on Tuesday, December 16th. They set a “buy” rating and a $45.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $48.00 price target on shares of D-Wave Quantum in a research note on Thursday, January 29th. TD Cowen started coverage on D-Wave Quantum in a report on Thursday, February 12th. They set a “buy” rating on the stock. Finally, Canaccord Genuity Group set a $43.00 price objective on shares of D-Wave Quantum in a research note on Thursday, January 29th. Fourteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.21.

D-Wave Quantum Trading Down 6.9%

The stock has a market capitalization of $6.67 billion, a P/E ratio of -13.36 and a beta of 1.56. The business has a 50 day simple moving average of $24.83 and a 200-day simple moving average of $24.89. The company has a debt-to-equity ratio of 0.05, a quick ratio of 54.49 and a current ratio of 54.68.

Insider Activity

In related news, Director Rohit Ghai sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $24.28, for a total value of $242,800.00. Following the sale, the director directly owned 37,778 shares in the company, valued at $917,249.84. The trade was a 20.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kirstjen Nielsen sold 7,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $22.62, for a total transaction of $158,340.00. Following the sale, the director directly owned 112,673 shares of the company’s stock, valued at approximately $2,548,663.26. This represents a 5.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,074,466 shares of company stock valued at $31,558,806 over the last quarter. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of D-Wave Quantum by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,874 shares of the company’s stock worth $46,000 after acquiring an additional 482 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of D-Wave Quantum by 5.3% during the third quarter. Blue Bell Private Wealth Management LLC now owns 9,901 shares of the company’s stock valued at $245,000 after purchasing an additional 500 shares during the last quarter. Huntington National Bank boosted its position in shares of D-Wave Quantum by 17.9% in the 3rd quarter. Huntington National Bank now owns 3,300 shares of the company’s stock valued at $82,000 after purchasing an additional 500 shares during the period. bLong Financial LLC increased its stake in D-Wave Quantum by 2.3% in the 2nd quarter. bLong Financial LLC now owns 24,643 shares of the company’s stock worth $361,000 after purchasing an additional 551 shares in the last quarter. Finally, Sigma Planning Corp increased its stake in D-Wave Quantum by 3.6% in the 4th quarter. Sigma Planning Corp now owns 16,329 shares of the company’s stock worth $431,000 after purchasing an additional 560 shares in the last quarter. Institutional investors own 42.47% of the company’s stock.

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.