D-Wave Quantum (NYSE:QBTS) Stock Price Down 9% Following Insider Selling

Posted by Brian Himes on Jun 18th, 2026

Shares of D-Wave Quantum Inc. (NYSE:QBTS – Get Free Report) fell 9% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $23.88 and last traded at $23.9090. 29,225,397 shares were traded during trading, a decline of 10% from the average session volume of 32,349,762 shares. The stock had previously closed at $26.26.

Specifically, CFO John M. Markovich sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.71, for a total transaction of $5,142,000.00. Following the completion of the transaction, the chief financial officer owned 1,142,820 shares of the company’s stock, valued at $29,381,902.20. This represents a 14.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO John M. Markovich sold 46,043 shares of D-Wave Quantum stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $24.01, for a total value of $1,105,492.43. Following the completion of the sale, the chief financial officer owned 1,342,820 shares in the company, valued at approximately $32,241,108.20. This represents a 3.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In other news, Director Rohit Ghai sold 13,518 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $26.41, for a total transaction of $357,010.38. Following the transaction, the director directly owned 23,617 shares of the company’s stock, valued at approximately $623,724.97. The trade was a 36.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Northland Securities began coverage on D-Wave Quantum in a research note on Monday, April 20th. They issued a “market perform” rating and a $22.00 price target for the company. Weiss Ratings downgraded shares of D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of D-Wave Quantum in a report on Tuesday, June 2nd. B. Riley Financial raised their target price on shares of D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, 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 research note on Wednesday, May 13th. Fourteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $36.80.

Check Out Our Latest Stock Report on D-Wave Quantum

Key Headlines Impacting D-Wave Quantum

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

Positive Sentiment: D-Wave announced what it says will be the world’s first gate-model quantum computing simulator for error-aware programming, a product aimed at improving software development and commercial adoption of its quantum platform. Article Title
Positive Sentiment: The company also highlighted up to $100 million in federal backing under the CHIPS and Science Act, which could support R&D, accelerate its quantum roadmap, and strengthen investor confidence in D-Wave’s long-term growth strategy. Article Title
Positive Sentiment: Market commentary and analyst coverage continue to frame D-Wave as a leading pure-play quantum name, with some notes suggesting recent product and roadmap updates could support additional upside. Article Title
Neutral Sentiment: Analysts remain generally constructive overall, with several price-target increases recently reinforcing expectations for continued growth, though valuation remains elevated and execution risk is high. Article Title
Negative Sentiment: Insider sales by CFO John M. Markovich and Director Rohit Ghai may weigh on sentiment, even though the transactions were disclosed as tax-related and part of a pre-arranged trading plan. Article Title

D-Wave Quantum Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31. The firm has a market cap of $9.12 billion, a PE ratio of -21.82 and a beta of 2.05. The firm has a 50-day simple moving average of $22.31 and a 200 day simple moving average of $22.31.

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

Hedge Funds Weigh In On D-Wave Quantum

Several large investors have recently made changes to their positions in QBTS. Vanguard Group Inc. grew its stake in shares of D-Wave Quantum by 41.2% in the 3rd quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock worth $950,220,000 after buying an additional 11,218,255 shares during the last quarter. UBS Group AG boosted its holdings in D-Wave Quantum by 541.6% in the third quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after acquiring an additional 10,205,427 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of D-Wave Quantum by 11.5% in the fourth quarter. Geode Capital Management LLC now owns 8,394,726 shares of the company’s stock worth $220,085,000 after acquiring an additional 866,405 shares during the last quarter. State Street Corp grew its stake in shares of D-Wave Quantum by 5.3% in the fourth quarter. State Street Corp now owns 7,707,085 shares of the company’s stock worth $201,540,000 after acquiring an additional 385,809 shares during the last quarter. Finally, Marex Group plc increased its holdings in shares of D-Wave Quantum by 74.9% during the fourth quarter. Marex Group plc now owns 4,592,656 shares of the company’s stock valued at $120,098,000 after acquiring an additional 1,966,500 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.