Insider Selling: D-Wave Quantum (NYSE:QBTS) CFO Sells $1,337,688.96 in Stock

Posted by Geri Gentry on Jun 13th, 2026

D-Wave Quantum Inc. (NYSE:QBTS – Get Free Report) CFO John Markovich sold 50,979 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $26.24, for a total transaction of $1,337,688.96. Following the sale, the chief financial officer owned 1,388,933 shares of the company’s stock, valued at approximately $36,445,601.92. This represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

D-Wave Quantum Stock Down 1.8%

NYSE:QBTS opened at $23.40 on Friday. The firm has a market cap of $8.66 billion, a P/E ratio of -20.71 and a beta of 2.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 21.31 and a current ratio of 21.41. D-Wave Quantum Inc. has a fifty-two week low of $12.75 and a fifty-two week high of $46.75. The firm has a 50-day simple moving average of $21.71 and a two-hundred day simple moving average of $22.27.

D-Wave Quantum (NYSE:QBTS – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $2.86 million during the quarter, compared to analyst estimates 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%. D-Wave Quantum’s revenue was down 80.9% compared to the same quarter last year. During the same period last year, the business earned ($0.02) EPS. Analysts predict that D-Wave Quantum Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Trading of D-Wave Quantum

A number of large investors have recently made changes to their positions in QBTS. Baird Financial Group Inc. grew its stake in shares of D-Wave Quantum by 12.0% in the first quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock worth $92,000 after acquiring an additional 1,300 shares during the period. Royal Bank of Canada grew its stake in shares of D-Wave Quantum by 59.8% in the first quarter. Royal Bank of Canada now owns 162,088 shares of the company’s stock worth $1,231,000 after acquiring an additional 60,668 shares during the period. AQR Capital Management LLC grew its stake in shares of D-Wave Quantum by 201.0% in the first quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock worth $1,526,000 after acquiring an additional 134,066 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of D-Wave Quantum by 93.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock worth $825,000 after acquiring an additional 52,437 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of D-Wave Quantum by 125.7% in the first quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock worth $333,000 after acquiring an additional 24,382 shares during the period. 42.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on QBTS shares. Stifel Nicolaus set a $35.00 price objective on shares of D-Wave Quantum in a research note on Tuesday, June 2nd. Mizuho reduced their price objective on shares of D-Wave Quantum from $31.00 to $29.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of D-Wave Quantum in a research note on Tuesday, June 2nd. Weiss Ratings lowered shares of D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Finally, Rosenblatt Securities restated a “buy” rating and set a $43.00 price objective on shares of D-Wave Quantum in a research note on Thursday. Fourteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.40.

Read Our Latest Analysis on QBTS

Trending Headlines about D-Wave Quantum

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

Positive Sentiment: D-Wave is pushing deeper into new commercial use cases, including a live quantum-classical testnet with Postquant Labs and reported early gains in drug discovery work with Shionogi, which supports the bull case for longer-term revenue growth. Are AI and Blockchain Shaping D-Wave’s Next Growth Phase?
Positive Sentiment: Analysts remain constructive, with Rosenblatt reaffirming a Buy rating and a $43 price target, suggesting Wall Street still sees meaningful upside from current levels. D-Wave Quantum (QBTS) Stock Valuation Gap Weighs Long-Term Momentum Against Recent Weakness
Positive Sentiment: Broader coverage around governments accelerating quantum spending and enterprise adoption is keeping attention on the sector and could help sentiment toward quantum leaders like QBTS. The Quantum Race Is Heating Up, and Governments Worldwide Are Buying In
Neutral Sentiment: CEO Alan Baratz discussed D-Wave’s quantum roadmap and enterprise adoption on NYSE Live, reinforcing the company’s long-term narrative but without a clear near-term financial catalyst. D-Wave CEO Dr. Alan Baratz Details the Quantum Roadmap and Enterprise Adoption
Negative Sentiment: Insider selling is pressuring sentiment, especially after a large sale by CEO Alan Baratz and additional sales disclosed by CFO John Markovich, which may make investors question near-term confidence. Alan Baratz Sells 687,627 Shares of D-Wave Quantum (NYSE:QBTS) Stock
Negative Sentiment: Commentary also points to a stretched valuation after the stock’s big run, with some investors wary that recent gains already price in a lot of future quantum optimism. D-Wave Quantum (QBTS) Stock Valuation Gap Weighs Long-Term Momentum Against Recent Weakness

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.