D-Wave Quantum (NYSE:QBTS) CEO Alan Baratz Sells 687,627 Shares of Stock

Posted by Stanley Muller on Jun 11th, 2026

D-Wave Quantum Inc. (NYSE:QBTS – Get Free Report) CEO Alan Baratz sold 687,627 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $26.13, for a total transaction of $17,967,693.51. Following the sale, the chief executive officer owned 3,299,771 shares of the company’s stock, valued at $86,223,016.23. This represents a 17.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

D-Wave Quantum Stock Down 0.7%

Shares of NYSE:QBTS opened at $23.36 on Thursday. The company has a market capitalization of $8.64 billion, a PE ratio of -20.67 and a beta of 2.05. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03. D-Wave Quantum Inc. has a twelve month low of $12.75 and a twelve month high of $46.75. The firm has a 50 day simple moving average of $21.32 and a 200-day simple moving average of $22.24.

D-Wave Quantum (NYSE:QBTS – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. The business had revenue of $2.86 million during the quarter, compared to the consensus estimate of $4.19 million. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The company’s revenue was down 80.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.02) EPS. On average, equities analysts predict that D-Wave Quantum Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Zacks Research raised shares of D-Wave Quantum from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Canaccord Genuity Group cut their target price on shares of D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Stifel Nicolaus set a $35.00 target price on shares of D-Wave Quantum in a report on Tuesday, June 2nd. Jefferies Financial Group reissued a “buy” rating on shares of D-Wave Quantum in a research note on Tuesday, May 12th. Finally, Northland Securities initiated coverage on shares of D-Wave Quantum in a research note on Monday, April 20th. They issued a “market perform” rating and a $22.00 price objective on the stock. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.40.

View Our Latest Stock Report on QBTS

D-Wave Quantum News Summary

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

Positive Sentiment: B. Riley remains bullish on D-Wave Quantum, raising its price target to $40 from $36 and keeping a Buy rating, which signals continued analyst confidence in the company’s quantum-computing story. B. Riley is Bullish on D-Wave Quantum Inc. (QBTS)
Positive Sentiment: Several recent analyst reports still imply meaningful upside for QBTS, with some coverage citing strong potential as quantum computing attracts fresh capital and investor attention. 2 Quantum Stocks With 45%+ Upside in June as OpenAI, SpaceX Eye IPO
Positive Sentiment: Earlier reporting highlighted that D-Wave has rewarded patient investors with large gains, reflecting continued optimism around commercialization progress and the company’s quantum roadmap. D-Wave Rewarded Patient Investors With 135% Gains but Recent Buyers Face a Brutal Reality
Neutral Sentiment: D-Wave’s CFO John Markovich disclosed two stock sales, including a much larger sale of 50,979 shares and a smaller follow-up sale of 70 shares; while the smaller sale was minimal, insider selling can add to investor caution. John M. Markovich insider trade disclosure
Negative Sentiment: CEO Alan Baratz sold 687,627 shares, a sizable reduction in his position that may be viewed by the market as a confidence signal against the stock. Alan E. Baratz insider trade disclosure
Negative Sentiment: Several commentary pieces warn that D-Wave’s valuation looks stretched after the rally, with recent buyers facing more downside risk if growth milestones disappoint. D-Wave Quantum Plummeted Today — Is the Stock a Buy Right Now?
Negative Sentiment: Another report argues that large tech players like Intel and IBM strengthen competition in quantum computing, which could make it harder for pure-play firms like QBTS to justify premium valuations. The Case for Intel Over Pure-Play Quantum Firms (QBTS)

Institutional Investors Weigh In On D-Wave Quantum

Several institutional investors and hedge funds have recently made changes to their positions in QBTS. Root Financial Partners LLC boosted its position in shares of D-Wave Quantum by 388.0% in the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock worth $26,000 after buying an additional 776 shares in the last quarter. Parallel Advisors LLC lifted its holdings in D-Wave Quantum by 545.5% in the 1st quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock valued at $26,000 after purchasing an additional 1,511 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in D-Wave Quantum in the 4th quarter valued at about $28,000. PeakShares LLC purchased a new position in D-Wave Quantum in the 1st quarter valued at about $29,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in D-Wave Quantum by 267.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock valued at $30,000 after purchasing an additional 838 shares in the last quarter. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

About D-Wave Quantum

(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.