John Markovich Sells 46,043 Shares of D-Wave Quantum (NYSE:QBTS) Stock

Posted by George Bondi on Jun 18th, 2026

D-Wave Quantum Inc. (NYSE:QBTS – Get Free Report) CFO John Markovich sold 46,043 shares of the business’s 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 transaction, the chief financial officer directly owned 1,342,820 shares in the company, valued at $32,241,108.20. This trade represents a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

D-Wave Quantum Stock Performance

Shares of QBTS opened at $22.94 on Thursday. The business’s 50 day moving average is $22.31 and its two-hundred day moving average is $22.31. D-Wave Quantum Inc. has a 52-week low of $12.75 and a 52-week high of $46.75. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of -20.30 and a beta of 2.05. The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03.

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

Institutional Investors Weigh In On D-Wave Quantum

Several hedge funds have recently modified their holdings of QBTS. Baird Financial Group Inc. lifted its holdings in shares of D-Wave Quantum by 12.0% during the first quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock valued at $92,000 after purchasing an additional 1,300 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of D-Wave Quantum by 59.8% during the first quarter. Royal Bank of Canada now owns 162,088 shares of the company’s stock valued at $1,231,000 after purchasing an additional 60,668 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of D-Wave Quantum by 201.0% during the first quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock valued at $1,526,000 after purchasing an additional 134,066 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of D-Wave Quantum by 93.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock valued at $825,000 after purchasing an additional 52,437 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of D-Wave Quantum by 125.7% during the first quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock valued at $333,000 after purchasing an additional 24,382 shares during the last quarter. 42.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on QBTS. Cantor Fitzgerald restated an “overweight” rating and set a $40.00 price objective on shares of D-Wave Quantum in a research note on Wednesday, May 13th. Canaccord Genuity Group lowered their price objective on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Roth Mkm upped their price objective on D-Wave Quantum from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Northland Securities began coverage on D-Wave Quantum in a research note on Monday, April 20th. They set a “market perform” rating and a $22.00 price objective for the company. Finally, Jefferies Financial Group restated a “buy” rating on shares of D-Wave Quantum in a research note on Tuesday, May 12th. Fourteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, D-Wave Quantum currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.80.

View Our Latest Stock Analysis on QBTS

Key Headlines Impacting D-Wave Quantum

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

Positive Sentiment: Recent analyst commentary remains supportive, with Mizuho reportedly raising its price target after D-Wave’s analyst day and roadmap updates, reinforcing optimism around the company’s long-term quantum strategy. Article Title
Positive Sentiment: Earlier in the week, commentary highlighted D-Wave’s gate-model roadmap and commercialization efforts, which helped fuel bullish sentiment around the stock’s growth potential. Article Title
Neutral Sentiment: Some investors continue to frame QBTS as a leader in pure-play quantum computing, but the stock’s premium valuation means expectations are already elevated. Article Title
Neutral Sentiment: Analysts are still debating whether D-Wave can defend its position against larger and faster-growing rivals, keeping the focus on competitive execution rather than near-term fundamentals. Article Title
Negative Sentiment: The broader quantum sector reversed part of its earlier surge, with D-Wave pulled lower as traders took profits after the recent run-up. Article Title
Negative Sentiment: New SEC filings showed CFO John M. Markovich and Director Rohit Ghai sold shares, which can weigh on sentiment even though the sales were reportedly tied to tax withholding and a 10b5-1 plan. Article Title

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.