D-Wave Quantum (NYSE:QBTS) Shares Down 2.5% – Here’s What Happened

20 Mar 2025, 08:00 by Teresa Graham · The Cerbat Gem

Shares of D-Wave Quantum Inc. (NYSE:QBTS – Get Free Report) fell 2.5% on Tuesday . The company traded as low as $9.48 and last traded at $10.91. 67,243,166 shares were traded during mid-day trading, an increase of 132% from the average session volume of 29,013,954 shares. The stock had previously closed at $11.18.

Analyst Ratings Changes

A number of brokerages have weighed in on QBTS. Roth Mkm lifted their target price on D-Wave Quantum from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, March 14th. B. Riley lifted their target price on D-Wave Quantum from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, March 14th. Craig Hallum lifted their target price on D-Wave Quantum from $2.50 to $9.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Needham & Company LLC reissued a “buy” rating and issued a $8.50 price objective on shares of D-Wave Quantum in a research note on Friday, March 14th. Finally, Benchmark reissued a “buy” rating and issued a $8.00 price objective on shares of D-Wave Quantum in a research note on Friday, March 14th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, D-Wave Quantum has a consensus rating of “Buy” and an average price target of $8.42.

Get Our Latest Stock Analysis on QBTS

D-Wave Quantum Stock Down 2.0 %

The company has a market cap of $2.85 billion, a PE ratio of -25.20 and a beta of 1.12. The company has a 50-day moving average of $6.20 and a 200-day moving average of $4.09.

Insider Activity at D-Wave Quantum

In related news, CEO Alan E. Baratz sold 8,372 shares of D-Wave Quantum stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $5.27, for a total transaction of $44,120.44. Following the sale, the chief executive officer now directly owns 2,342,208 shares in the company, valued at approximately $12,343,436.16. This trade represents a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Sector Pension Investme Public sold 7,278,688 shares of D-Wave Quantum stock in a transaction on Monday, January 13th. The stock was sold at an average price of $4.07, for a total value of $29,624,260.16. Following the sale, the insider now owns 30,000,000 shares in the company, valued at $122,100,000. This trade represents a 19.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,071,206 shares of company stock valued at $53,438,181 over the last 90 days. Insiders own 7.22% of the company’s stock.

Institutional Trading of D-Wave Quantum

Hedge funds have recently made changes to their positions in the company. Barclays PLC raised its stake in shares of D-Wave Quantum by 298.3% in the third quarter. Barclays PLC now owns 120,029 shares of the company’s stock valued at $117,000 after buying an additional 89,894 shares during the period. Silverleafe Capital Partners LLC bought a new stake in shares of D-Wave Quantum in the fourth quarter valued at $820,000. Truist Financial Corp bought a new stake in shares of D-Wave Quantum in the fourth quarter valued at $108,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of D-Wave Quantum in the fourth quarter valued at $488,000. Finally, Jones Financial Companies Lllp raised its stake in shares of D-Wave Quantum by 341.7% in the fourth quarter. Jones Financial Companies Lllp now owns 23,688 shares of the company’s stock valued at $199,000 after buying an additional 18,325 shares during the period. 42.47% of the stock is currently owned by institutional investors.

D-Wave Quantum Company Profile

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