Banque Cantonale Vaudoise bought a new position in D-Wave Quantum Inc. (NYSE:QBTS – Free Report) in the fourth quarter, HoldingsChannel reports. The firm bought 26,349 shares of the company’s stock, valued at approximately $689,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Huntington National Bank boosted its holdings in shares of D-Wave Quantum by 17.9% in the 3rd quarter. Huntington National Bank now owns 3,300 shares of the company’s stock worth $82,000 after purchasing an additional 500 shares during the period. Sigma Planning Corp boosted its holdings in shares of D-Wave Quantum by 3.6% in the 4th quarter. Sigma Planning Corp now owns 16,329 shares of the company’s stock worth $431,000 after purchasing an additional 560 shares during the period. AlphaStar Capital Management LLC boosted its holdings in shares of D-Wave Quantum by 2.2% in the 4th quarter. AlphaStar Capital Management LLC now owns 27,063 shares of the company’s stock worth $708,000 after purchasing an additional 592 shares during the period. Noble Wealth Management PBC lifted its stake 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 acquiring an additional 600 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of D-Wave Quantum by 0.7% during the 4th quarter. Arizona State Retirement System now owns 92,037 shares of the company’s stock worth $2,407,000 after acquiring an additional 613 shares during the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.
D-Wave Quantum Trading Up 13.2%
Shares of NYSE:QBTS opened at $29.13 on Friday. The business’s 50-day moving average is $18.40 and its 200 day moving average is $22.21. D-Wave Quantum Inc. has a 1 year low of $12.75 and a 1 year high of $46.75. The firm has a market capitalization of $10.78 billion, a P/E ratio of -25.78 and a beta of 1.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31.
D-Wave Quantum News Roundup
Here are the key news stories impacting D-Wave Quantum this week:
- Positive Sentiment: The biggest driver for QBTS is the reported U.S. government support for quantum computing, including a proposed $100 million CHIPS Act funding package for D-Wave, which investors view as a major validation of the company’s technology and growth prospects. Article Title
- Positive Sentiment: Broader headlines that the Trump administration is committing $2 billion to quantum firms have lifted the entire group, including D-Wave, as traders bet federal money could accelerate commercialization and industry adoption. Article Title
- Positive Sentiment: Quantum stocks continued to rally across the sector, with D-Wave included in a broader move that added billions in market value, reinforcing momentum-driven buying in QBTS. Article Title
- Neutral Sentiment: Trading activity has also been elevated, with unusually heavy call-option buying suggesting speculation remains strong, but this is more a sign of interest than a clear fundamental catalyst.
- Negative Sentiment: A vice president sold shares under a pre-arranged 10b5-1 plan, which may slightly weigh on sentiment even though the transaction does not necessarily signal concern about the business. Article Title
Analysts Set New Price Targets
Several research analysts have recently commented on QBTS shares. Northland Securities started coverage on D-Wave Quantum in a research report on Monday, April 20th. They issued a “market perform” rating and a $22.00 price target for the company. Jefferies Financial Group reissued a “buy” rating on shares of D-Wave Quantum in a research report on Tuesday, May 12th. Roth Mkm reduced their price target on D-Wave Quantum from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Mizuho reduced their price target on D-Wave Quantum from $31.00 to $29.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Finally, Canaccord Genuity Group reduced their target price on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Fourteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.67.
Get Our Latest Stock Analysis on D-Wave Quantum
Insider Transactions at D-Wave Quantum
In other D-Wave Quantum news, CFO John M. Markovich sold 10,706 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $17.63, for a total transaction of $188,746.78. Following the sale, the chief financial officer owned 1,451,427 shares in the company, valued at approximately $25,588,658.01. The trade was a 0.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rohit Ghai sold 10,000 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $17.62, for a total value of $176,200.00. Following the sale, the director owned 27,778 shares in the company, valued at approximately $489,448.36. The trade was a 26.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 54,801 shares of company stock worth $1,011,586 in the last 90 days. 3.20% of the stock is owned by company insiders.
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.
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