Wolverine Asset Management LLC Purchases 64,577 Shares of D-Wave Quantum Inc. $QBTS

Wolverine Asset Management LLC boosted its holdings in shares of D-Wave Quantum Inc. (NYSE:QBTS) by 73.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 152,942 shares of the company’s stock after purchasing an additional 64,577 shares during the quarter. Wolverine Asset Management LLC’s holdings in D-Wave Quantum were worth $3,779,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in QBTS. Financial Consulate Inc. bought a new stake in shares of D-Wave Quantum in the third quarter worth about $31,000. GAMMA Investing LLC boosted its stake in D-Wave Quantum by 34.6% during the third quarter. GAMMA Investing LLC now owns 1,874 shares of the company’s stock valued at $46,000 after buying an additional 482 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in D-Wave Quantum during the 2nd quarter valued at approximately $29,000. Nvwm LLC bought a new stake in D-Wave Quantum in the 3rd quarter worth approximately $52,000. Finally, Parallel Advisors LLC raised its holdings in shares of D-Wave Quantum by 227.3% during the 2nd quarter. Parallel Advisors LLC now owns 2,206 shares of the company’s stock worth $32,000 after acquiring an additional 1,532 shares in the last quarter. 42.47% of the stock is owned by hedge funds and other institutional investors.

More D-Wave Quantum News

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

• Positive Sentiment: D-Wave agreed to acquire Quantum Circuits Inc., a move that should accelerate the company’s access to gate‑model qubit technology and narrow the gap with competitors — a strategic rationale for longer‑term re‑rating if integration proceeds smoothly. D‑Wave Announces Agreement to Acquire Quantum Circuits Inc.
• Positive Sentiment: D‑Wave demonstrated the first scalable, on‑chip cryogenic control of gate‑model qubits — a technical milestone that strengthens its roadmap and could expand future product applications if commercialized. D‑Wave Demonstrates On‑Chip Cryogenic Control
• Positive Sentiment: Large institutional accumulation (Vanguard, UBS, State Street increases) and new coverage from boutique research raise the buyer base and lend stability to the stock as the company executes on commercialization and M&A.
• Positive Sentiment: Rosenblatt and other firms are issuing constructive coverage on quantum names, which can boost sentiment across the subsector and benefit QBTS as investors re‑rate growth prospects. Rigetti and Quantum Computing Stocks Are a Buy
• Neutral Sentiment: Zacks and other analysts are parsing Q4 results for pure‑play quantum companies; peer performance (e.g., IonQ) could influence relative flows into QBTS heading into earnings season. QBTS, RGTI, IONQ: Buy, Sell or Hold Ahead of Q4 Earnings?
• Neutral Sentiment: Long‑form retail coverage frames a bullish narrative around government adoption and product roadmaps — useful for sentiment but speculative and execution‑dependent. Could D‑Wave Stock Make You a Millionaire?
• Negative Sentiment: Insider selling: CEO Alan Baratz sold 35,013 shares and CFO John Markovich sold 9,179 shares in mid‑January — transactions that can create near‑term selling pressure or raise questions for some investors. CEO Form 4 CFO Form 4
• Negative Sentiment: Sector‑wide valuation concerns and reminders that commercial viability remains years away may keep volatility high and limit near‑term upside despite positive headlines. Quantum Computing Stocks Have Served Up an $840 Million Warning

D-Wave Quantum Stock Performance

Shares of QBTS stock opened at $28.83 on Friday. The business’s 50 day moving average is $26.22 and its two-hundred day moving average is $24.03. D-Wave Quantum Inc. has a 12-month low of $4.45 and a 12-month high of $46.75. The company has a market capitalization of $10.09 billion, a P/E ratio of -21.36 and a beta of 1.57. The company has a current ratio of 54.68, a quick ratio of 54.49 and a debt-to-equity ratio of 0.05.

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

Wall Street Analyst Weigh In

QBTS has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of D-Wave Quantum in a research note on Monday, December 29th. Evercore ISI began coverage on D-Wave Quantum in a research report on Wednesday, December 3rd. They issued an “outperform” rating and a $44.00 price target for the company. B. Riley upped their price objective on D-Wave Quantum from $22.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Roth Capital set a $40.00 price objective on D-Wave Quantum in a research note on Thursday, November 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $40.00 price target on shares of D-Wave Quantum in a research note on Wednesday, January 7th. Fourteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, D-Wave Quantum has an average rating of “Moderate Buy” and an average target price of $33.67.

Insider Buying and Selling

In related news, CFO John M. Markovich sold 200,000 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $22.94, for a total value of $4,588,000.00. Following the transaction, the chief financial officer owned 1,482,874 shares of the company’s stock, valued at $34,017,129.56. This represents a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Rohit Ghai sold 10,000 shares of D-Wave Quantum stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.28, for a total transaction of $242,800.00. Following the sale, the director owned 37,778 shares in the company, valued at $917,249.84. This represents a 20.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 2,346,916 shares of company stock worth $65,591,314. Corporate insiders own 3.20% of the company’s stock.

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.