Encore Global Management LP Takes $720,000 Position in D-Wave Quantum Inc. $QBTS

Posted by Francis Steltz on Aug 22nd, 2026

Encore Global Management LP purchased a new stake in D-Wave Quantum Inc. (NASDAQ:QBTS – Free Report) in the second quarter, Holdings Channel reports. The firm purchased 30,000 shares of the company’s stock, valued at approximately $720,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. World Investment Advisors grew its position in shares of D-Wave Quantum by 195.7% during the 4th quarter. World Investment Advisors now owns 41,691 shares of the company’s stock worth $1,090,000 after buying an additional 27,592 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of D-Wave Quantum by 319.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 98,747 shares of the company’s stock valued at $1,353,000 after acquiring an additional 75,198 shares in the last quarter. Clear Street Group Inc. raised its holdings in shares of D-Wave Quantum by 40.4% in the fourth quarter. Clear Street Group Inc. now owns 4,281,254 shares of the company’s stock valued at $111,955,000 after acquiring an additional 1,232,106 shares in the last quarter. Cibc World Market Inc. lifted its stake in D-Wave Quantum by 295.0% in the fourth quarter. Cibc World Market Inc. now owns 54,760 shares of the company’s stock worth $1,432,000 after acquiring an additional 40,897 shares during the period. Finally, M&T Bank Corp purchased a new stake in D-Wave Quantum in the fourth quarter worth about $1,185,000. Institutional investors own 42.47% of the company’s stock.

Key Stories Impacting D-Wave Quantum

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

Positive Sentiment: BMO initiated coverage with an Outperform rating and a $35 price target, implying roughly 85%–86% upside from recent levels. The firm highlighted D-Wave’s commercial revenue potential, providing a significant catalyst for the stock. D-Wave Quantum Stock Climbs as BMO Turns Bullish
Positive Sentiment: NTT DOCOMO deployed a second production application powered by D-Wave to improve mobile-network planning and efficiency. The deployment expands the relationship beyond pilot projects and offers evidence that D-Wave’s technology is being used in commercial telecom operations. D-Wave Lands Second Production Telecom Application
Positive Sentiment: D-Wave’s order and contracted-revenue indicators remain strong. First-half bookings reportedly surged 1,120% year over year to $35.5 million, while remaining performance obligations rose 668% to $40.7 million. Nearly $23 million of contracted revenue could be recognized within 12 months, and commercial customers generated 67.7% of first-half revenue. D-Wave: Demand Is Outrunning Revenue
Neutral Sentiment: Analysts and market commentary are increasingly focused on whether D-Wave can convert customer interest, bookings and production applications into sustained revenue and eventual profitability. Some quantum stocks continue to attract attention for their growth prospects despite a tougher market. Quantum Stocks Face Reality Check
Negative Sentiment: Valuation remains a concern. After approximately a 15-fold three-year gain, D-Wave screens as expensive on valuation measures, raising the risk that substantial future progress is already reflected in the share price. D-Wave Quantum Stock Looks Expensive
Negative Sentiment: Quantum-computing stocks have recently faced broad sector selling, while Zacks Research downgraded D-Wave from “Strong Buy” to “Hold.” These factors could limit gains even as company-specific news improves sentiment. Quantum Stock Selloff

D-Wave Quantum Stock Performance

Shares of QBTS opened at $20.39 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 20.42 and a current ratio of 20.55. The stock has a 50-day moving average of $20.62 and a two-hundred day moving average of $20.24. The stock has a market cap of $7.54 billion, a P/E ratio of -28.72 and a beta of 2.15. D-Wave Quantum Inc. has a one year low of $12.75 and a one year high of $46.75.

D-Wave Quantum (NASDAQ:QBTS – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%.The business had revenue of $3.08 million during the quarter, compared to analyst estimates of $4.03 million. During the same quarter in the previous year, the company earned ($0.08) EPS. The firm’s revenue was down 0.6 compared to the same quarter last year. As a group, research analysts predict that D-Wave Quantum Inc. will post -0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wall Street Zen raised shares of D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $43.00 price target on shares of D-Wave Quantum in a research report on Friday, August 7th. Canaccord Genuity Group set a $35.00 price objective on shares of D-Wave Quantum in a research note on Thursday, August 6th. Roth Capital reissued a “buy” rating and set a $30.00 price objective on shares of D-Wave Quantum in a report on Thursday, August 6th. Finally, Weiss Ratings downgraded shares of D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Thirteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.27.

Read Our Latest Report on D-Wave Quantum

Insider Activity

In other news, Director Rohit Ghai sold 13,518 shares of D-Wave Quantum stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $26.41, for a total value of $357,010.38. Following the sale, the director owned 23,617 shares in the company, valued at $623,724.97. This trade represents a 36.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Sophie C. Ames sold 3,070 shares of D-Wave Quantum stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $16.95, for a total value of $52,036.50. Following the completion of the sale, the vice president owned 589,009 shares in the company, valued at approximately $9,983,702.55. The trade was a 0.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,012,065 shares of company stock worth $26,245,703. 1.30% of the stock is currently owned by corporate insiders.

D-Wave Quantum Profile

(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.