D-Wave Quantum (NYSE:QBTS) Stock Price Down 4.7% Following Insider Selling

by · The Markets Daily

Shares of D-Wave Quantum Inc. (NYSE:QBTS – Get Free Report) were down 4.7% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $26.94 and last traded at $27.7450. Approximately 23,470,121 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 60,383,090 shares. The stock had previously closed at $29.12.

Specifically, CFO John M. Markovich sold 100,000 shares of the company’s 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 completion of the transaction, the chief financial officer owned 1,471,312 shares in the company, valued at approximately $44,183,499.36. This represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alan E. Baratz sold 793,712 shares of D-Wave Quantum stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $30.13, for a total value of $23,914,542.56. Following the sale, the chief executive officer directly owned 2,633,163 shares in the company, valued at approximately $79,337,201.19. This trade represents a 23.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Analysts Set New Price Targets

QBTS has been the topic of several research reports. Rosenblatt Securities upped their price objective on shares of D-Wave Quantum from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Jefferies Financial Group began coverage on shares of D-Wave Quantum in a research report on Tuesday, December 16th. They set a “buy” rating and a $45.00 target price on the stock. Canaccord Genuity Group raised their target price on D-Wave Quantum from $20.00 to $41.00 and gave the company a “buy” rating in a report on Friday, November 7th. Cantor Fitzgerald upped their price target on D-Wave Quantum from $20.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Finally, Roth Capital set a $40.00 price objective on D-Wave Quantum in a research note on Thursday, November 6th. Fourteen equities 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 a consensus rating of “Moderate Buy” and a consensus target price of $33.67.

Get Our Latest Stock Report on QBTS

More D-Wave Quantum News

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

  • Positive Sentiment: D-Wave will host a public investor‑relevant event, Qubits 2026, on Jan. 27–28 that should provide updates on technology roadmaps, commercial use cases and customer wins — an event that can boost credibility and forward‑looking guidance if announcements are substantive. Read More.
  • Positive Sentiment: The company is planning a commercial technology showcase at CES 2026; coverage of that plan drove a sizable short‑term rally in the stock as investors price in nearer‑term commercialization and media exposure. Read More.
  • Positive Sentiment: Multiple analyst initiations and price‑target increases in recent weeks (Jefferies, Cantor Fitzgerald, Wedbush et al.) underline a bullish institutional view that revenue growth from a small base and product commercialization can justify higher valuation — this supports longer‑term upside narratives. Read More.
  • Neutral Sentiment: Sector momentum from broader AI/semiconductor news (e.g., reports around Nvidia shipments to China) has spilled into quantum names; this can amplify moves but is not a direct D‑Wave business catalyst. Read More.
  • Negative Sentiment: CEO Alan Baratz disclosed a large sale (793,712 shares on Dec. 22), a ~23% reduction in his holdings; such a material insider sale often raises caution among investors and can increase selling pressure. Read More.
  • Negative Sentiment: CFO John Markovich also sold 100,000 shares on Dec. 22; combined insider disposals from senior management may be perceived negatively and can amplify short‑term volatility. Read More.
  • Negative Sentiment: Several articles and analyst notes flag a stretched valuation after the multi‑fold rally; pieces evaluating what the current price already prices in can trigger profit‑taking and recalibration of upside expectations. Read More.

D-Wave Quantum Stock Performance

The stock’s fifty day simple moving average is $28.19 and its 200-day simple moving average is $22.53. The company has a current ratio of 54.68, a quick ratio of 54.49 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $9.71 billion, a price-to-earnings ratio of -20.55 and a beta of 1.57.

D-Wave Quantum (NYSE:QBTS – Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $3.74 million during the quarter, compared to analysts’ expectations of $3.03 million. D-Wave Quantum had a negative return on equity of 97.58% and a negative net margin of 1,651.81%.The business’s revenue was up 105.6% on a year-over-year basis. Analysts predict that D-Wave Quantum Inc. will post -0.41 EPS for the current year.

Institutional Trading of D-Wave Quantum

Several institutional investors have recently made changes to their positions in QBTS. Allworth Financial LP raised its position in shares of D-Wave Quantum by 40.7% during the 3rd quarter. Allworth Financial LP now owns 10,362 shares of the company’s stock worth $256,000 after purchasing an additional 2,999 shares during the period. Swiss Life Asset Management Ltd bought a new position in D-Wave Quantum in the 3rd quarter valued at about $345,000. Strategic Advocates LLC boosted its holdings in shares of D-Wave Quantum by 6.5% in the third quarter. Strategic Advocates LLC now owns 33,715 shares of the company’s stock valued at $833,000 after acquiring an additional 2,050 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in D-Wave Quantum during the 3rd quarter valued at $814,000. Finally, WBI Investments LLC bought a new stake in shares of D-Wave Quantum during the 3rd quarter worth $844,000. 42.47% of the stock is owned by hedge funds and other institutional investors.

D-Wave Quantum Company Profile

(Get Free Report)

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.

Further Reading