D-Wave Quantum (NYSE:QBTS) Shares Up 5.1% – What’s Next?
by Danessa Lincoln · The Markets DailyD-Wave Quantum Inc. (NYSE:QBTS – Get Free Report)’s share price shot up 5.1% during mid-day trading on Thursday . The company traded as high as $27.59 and last traded at $27.38. 38,531,580 shares changed hands during trading, a decline of 6% from the average session volume of 41,100,738 shares. The stock had previously closed at $26.04.
Key D-Wave Quantum News
Here are the key news stories impacting D-Wave Quantum this week:
- Positive Sentiment: D-Wave completed its acquisition of Quantum Circuits, expanding its product and engineering footprint and accelerating commercialization of gate-model capabilities alongside its annealing systems. Article Title
- Positive Sentiment: Company momentum: 2025 marked a clear revenue inflection — triple-digit year-over-year revenue growth and Advantage2 system sales are shifting D‑Wave from research toward commercial revenue streams, supporting a longer-term growth story. Article Title
- Positive Sentiment: Analyst support: Needham (maintained buy, $48 PT) and Benchmark (buy, $35 PT) reaffirmed bullish views — signals of institutional confidence that provide upside targets well above current levels. Needham Coverage Benchmark Coverage
- Neutral Sentiment: Investors can review management commentary and detail in recent earnings call transcripts (Q2 and Q3 2025) for updates on pipeline, product cadence and commercial bookings; these are information-heavy but not immediate price-moving headlines on their own. Q2 2025 Transcript Q3 2025 Transcript
- Neutral Sentiment: Analyst and sector comparisons (e.g., Zacks piece comparing Rigetti and D‑Wave) frame D‑Wave as a near-term commercial play vs. gate‑focused peers — useful context for longer-term positioning but mixed for short-term trading. Article Title
- Negative Sentiment: New US$330M shelf filing has raised near-term dilution and funding questions; investors appear to be pricing potential share issuance against the positive acquisition and revenue news, contributing to selling pressure. Article Title
Analyst Upgrades and Downgrades
QBTS has been the topic of several research reports. Canaccord Genuity Group upped their target price on D-Wave Quantum from $20.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Cantor Fitzgerald increased their price objective on D-Wave Quantum from $20.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Jefferies Financial Group assumed coverage on D-Wave Quantum in a report on Tuesday, December 16th. They set a “buy” rating and a $45.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-Wave Quantum in a research report on Monday, December 29th. Finally, Wedbush began coverage on shares of D-Wave Quantum in a report on Wednesday, December 17th. They issued an “outperform” rating and a $35.00 price target on the stock. Thirteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.86.
Get Our Latest Stock Report on D-Wave Quantum
D-Wave Quantum Stock Performance
The firm has a 50-day moving average of $26.29 and a two-hundred day moving average of $24.40. The company has a quick ratio of 54.49, a current ratio of 54.68 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $8.97 billion, a PE ratio of -18.97 and a beta of 1.57.
D-Wave Quantum (NYSE:QBTS – Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. D-Wave Quantum had a negative return on equity of 97.58% and a negative net margin of 1,651.81%.The business had revenue of $3.74 million for the quarter, compared to analyst estimates of $3.03 million. The business’s quarterly revenue was up 105.6% on a year-over-year basis. Research analysts anticipate that D-Wave Quantum Inc. will post -0.41 EPS for the current year.
Insider Activity at D-Wave Quantum
In other D-Wave Quantum news, CEO Alan E. Baratz sold 806,288 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $28.87, for a total transaction of $23,277,534.56. Following the transaction, the chief executive officer directly owned 2,801,265 shares of the company’s stock, valued at $80,872,520.55. This trade represents a 22.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John M. Markovich sold 200,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $22.94, for a total transaction of $4,588,000.00. Following the completion of the transaction, the chief financial officer directly owned 1,482,874 shares in the company, valued at $34,017,129.56. This represents a 11.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,346,916 shares of company stock worth $65,591,314 in the last 90 days. Corporate insiders own 3.20% of the company’s stock.
Institutional Investors Weigh In On D-Wave Quantum
Large investors have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings 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 buying an additional 482 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its position in D-Wave Quantum by 5.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 9,901 shares of the company’s stock worth $245,000 after acquiring an additional 500 shares during the period. Huntington National Bank grew its position in D-Wave Quantum by 17.9% in the third quarter. Huntington National Bank now owns 3,300 shares of the company’s stock worth $82,000 after acquiring an additional 500 shares during the period. bLong Financial LLC lifted its stake in shares of D-Wave Quantum by 2.3% in the 2nd quarter. bLong Financial LLC now owns 24,643 shares of the company’s stock valued at $361,000 after purchasing an additional 551 shares during the last quarter. Finally, Noble Wealth Management PBC grew its holdings in shares of D-Wave Quantum by 6.7% during the 4th quarter. Noble Wealth Management PBC now owns 9,600 shares of the company’s stock worth $251,000 after purchasing an additional 600 shares during the period. Hedge funds and other 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.