D-Wave Quantum (NYSE:QBTS) Shares Down 7.1% – Here’s Why

Posted by Stanley Muller on Jul 15th, 2026

D-Wave Quantum Inc. (NYSE:QBTS – Get Free Report) shares fell 7.1% on Monday . The stock traded as low as $18.52 and last traded at $18.6610. 16,932,943 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 31,304,457 shares. The stock had previously closed at $20.09.

Analyst Upgrades and Downgrades

QBTS has been the subject of several analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $40.00 price objective on shares of D-Wave Quantum in a research note on Wednesday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of D-Wave Quantum in a research note on Tuesday, May 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $43.00 price target on shares of D-Wave Quantum in a report on Thursday, June 11th. Zacks Research raised D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Mizuho boosted their price objective on D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Fourteen equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.80.

Get Our Latest Analysis on QBTS

D-Wave Quantum Stock Performance

The firm’s 50 day moving average is $23.83 and its 200 day moving average is $21.79. The company has a debt-to-equity ratio of 0.03, a quick ratio of 21.31 and a current ratio of 21.41. The stock has a market cap of $7.03 billion, a P/E ratio of -16.82 and a beta of 2.11.

D-Wave Quantum (NYSE:QBTS – Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $2.86 million for the quarter, compared to analyst estimates of $4.19 million. During the same period in the previous year, the company earned ($0.02) earnings per share. The business’s revenue for the quarter was down 80.9% on a year-over-year basis. Analysts anticipate that D-Wave Quantum Inc. will post -0.42 EPS for the current year.

Insider Buying and Selling

In other D-Wave Quantum news, CEO Alan E. Baratz sold 687,627 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were 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 approximately $86,223,016.23. The trade was a 17.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John D. Dilullo sold 7,850 shares of D-Wave Quantum stock in a transaction on Friday, June 5th. The stock was sold at an average price of $24.43, for a total transaction of $191,775.50. Following the sale, the director owned 21,310 shares of the company’s stock, valued at $520,603.30. The trade was a 26.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,363,842 shares of company stock worth $35,802,656 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On D-Wave Quantum

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Handelsbanken Fonder AB lifted its stake in D-Wave Quantum by 23.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 133,200 shares of the company’s stock valued at $3,195,000 after acquiring an additional 25,400 shares during the period. Bay Rivers Group raised its holdings in shares of D-Wave Quantum by 62.2% during the second quarter. Bay Rivers Group now owns 17,357 shares of the company’s stock worth $416,000 after purchasing an additional 6,657 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in D-Wave Quantum by 428.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,850 shares of the company’s stock valued at $44,000 after purchasing an additional 1,500 shares during the period. Castle Rock Wealth Management LLC purchased a new stake in D-Wave Quantum in the second quarter valued at $213,000. Finally, Evanson Financial LLC acquired a new stake in D-Wave Quantum during the 2nd quarter worth about $214,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

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.