D-Wave Quantum (NYSE:QBTS) Stock Price Down 3.1% – What’s Next?

D-Wave Quantum Inc. (NYSE:QBTS) dropped 3.1% on Thursday . The company traded as low as $28.65 and last traded at $29.2670. Approximately 38,524,405 shares traded hands during trading, a decline of 6% from the average daily volume of 40,993,156 shares. The stock had previously closed at $30.20.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: Agreement to acquire Quantum Circuits for $550M (cash + stock) bolsters D-Wave’s gate-model capabilities and gives the company a clear strategic path beyond annealing; the deal is cited as a major reason for renewed investor interest. D-Wave Stock In Focus — Strikes $550 Million Quantum Deal
• Positive Sentiment: Multiple Wall Street shops are reiterating buy/outperform ratings and raising price targets, providing broker support that can sustain demand near current levels (examples: Cantor Fitzgerald, Rosenblatt, Wedbush). Cantor Fitzgerald Remains a Buy on D-Wave Quantum (QBTS)
• Positive Sentiment: 2025 operational wins — strong revenue growth, major contracts, tech milestones (Advantage2 sales, cryogenic on‑chip control) and a large cash balance (~$836M) — underpin optimistic forward expectations for 2026 commercialization. D-Wave’s Year in Review: 2025 Wins Set the Stage for 2026
• Neutral Sentiment: Unusual options activity and heavy trading volumes indicate short-term speculative positioning — can amplify intraday moves but not a directional signal by itself. D-Wave Quantum Unusual Options Activity For January 08
• Neutral Sentiment: Analyst price-target dispersion and large institutional repositioning (some funds adding, others trimming) are increasing volatility — consensus targets remain above current levels but vary widely. D-Wave Quantum Inc. Stock (QBTS) Opinions on Quantum Circuits Acquisition
• Negative Sentiment: Significant insider selling has been reported (numerous executive sales over recent months), which can worry investors about near‑term sentiment even if some sales are routine. D-Wave Quantum Inc. Stock (QBTS) Opinions on Quantum Circuits Acquisition
• Negative Sentiment: Valuation and longer-term commercialization risk remain key concerns — critics warn the sector could be overhyped and that useful, broad enterprise adoption may take years, which increases downside risk if growth disappoints. Prediction: 3 Popular Stocks Will Crash in 2026 When This Stock Market Bubble Bursts

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Canaccord Genuity Group lifted their price target on D-Wave Quantum from $20.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Rosenblatt Securities restated a “buy” rating and set a $40.00 price objective on shares of D-Wave Quantum in a research report on Wednesday. Mizuho began coverage on shares of D-Wave Quantum in a report on Thursday, December 11th. They issued an “outperform” rating and a $46.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of D-Wave Quantum in a research note on Monday, December 29th. Finally, Jefferies Financial Group assumed coverage on shares of D-Wave Quantum in a research report on Tuesday, December 16th. They set a “buy” rating and a $45.00 price target on the stock. Fourteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $33.67.

D-Wave Quantum Stock Down 3.9%

The business’s 50 day moving average price is $26.34 and its 200-day moving average price is $23.52. The company has a debt-to-equity ratio of 0.05, a quick ratio of 54.49 and a current ratio of 54.68. The firm has a market capitalization of $9.85 billion, a PE ratio of -20.85 and a beta of 1.57.

D-Wave Quantum (NYSE:QBTS) last posted its earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. D-Wave Quantum had a negative net margin of 1,651.81% and a negative return on equity of 97.58%. The firm had revenue of $3.74 million during the quarter, compared to the consensus estimate of $3.03 million. The company’s revenue for the quarter was up 105.6% compared to the same quarter last year. As a group, equities research analysts forecast that D-Wave Quantum Inc. will post -0.41 earnings per share for the current year.

Insider Transactions at D-Wave Quantum

In other news, CFO John M. Markovich sold 100,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $30.03, for a total transaction of $3,003,000.00. Following the sale, the chief financial officer owned 1,471,312 shares of the company’s stock, valued at approximately $44,183,499.36. This represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John D. Dilullo sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $27.36, for a total transaction of $218,880.00. Following the completion of the transaction, the director directly owned 27,803 shares of the company’s stock, valued at approximately $760,690.08. The trade was a 22.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 2,342,087 shares of company stock worth $66,073,024. 3.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On D-Wave Quantum

A number of hedge funds have recently added to or reduced their stakes in QBTS. Vanguard Group Inc. raised its stake in shares of D-Wave Quantum by 41.2% in the third quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock valued at $950,220,000 after acquiring an additional 11,218,255 shares in the last quarter. UBS Group AG increased its holdings in D-Wave Quantum by 541.6% during the 3rd quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after purchasing an additional 10,205,427 shares during the period. State Street Corp raised its position in D-Wave Quantum by 41.3% in the 2nd quarter. State Street Corp now owns 6,648,395 shares of the company’s stock valued at $97,333,000 after purchasing an additional 1,941,762 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of D-Wave Quantum by 41.6% in the 2nd quarter. Geode Capital Management LLC now owns 6,411,558 shares of the company’s stock valued at $93,877,000 after buying an additional 1,883,109 shares during the period. Finally, Marex Group plc acquired a new position in shares of D-Wave Quantum during the second quarter worth about $80,070,000. 42.47% of the stock is currently owned by institutional investors and hedge funds.

About D-Wave Quantum

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.