Laidlaw Wealth Management LLC acquired a new stake in shares of D-Wave Quantum Inc. (NASDAQ:QBTS – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 40,701 shares of the company’s stock, valued at approximately $976,000. D-Wave Quantum accounts for about 2.8% of Laidlaw Wealth Management LLC’s portfolio, making the stock its 9th largest holding.
Several other hedge funds and other institutional investors have also recently modified their holdings of QBTS. Root Financial Partners LLC grew its holdings in D-Wave Quantum by 388.0% during the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after purchasing an additional 776 shares during the period. Kemnay Advisory Services Inc. bought a new position in shares of D-Wave Quantum in the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC raised its stake in shares of D-Wave Quantum by 267.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after buying an additional 838 shares during the period. Mcguire Capital Advisors Inc. purchased a new position in shares of D-Wave Quantum during the 4th quarter valued at about $31,000. Finally, Ancora Advisors LLC purchased a new position in shares of D-Wave Quantum during the 3rd quarter valued at about $30,000. 42.47% of the stock is currently owned by hedge funds and other institutional investors.
D-Wave Quantum Trading Up 8.5%
D-Wave Quantum stock opened at $20.39 on Friday. D-Wave Quantum Inc. has a 1 year low of $12.75 and a 1 year high of $46.75. The firm’s 50 day moving average price is $20.62 and its 200-day moving average price is $20.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 20.55 and a quick ratio of 20.42. The stock has a market cap of $7.54 billion, a P/E ratio of -28.72 and a beta of 2.15.
Key Headlines 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
Analyst Ratings Changes
QBTS has been the subject of several analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $43.00 target price on shares of D-Wave Quantum in a report on Friday, August 7th. Roth Capital reissued a “buy” rating and issued a $30.00 price objective on shares of D-Wave Quantum in a research note on Thursday, August 6th. Wedbush began coverage on shares of D-Wave Quantum in a research note on Monday, August 3rd. They set an “outperform” rating and a $40.00 target price on the stock. Mizuho upped their target price on shares of D-Wave Quantum from $29.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Finally, Zacks Research lowered D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.27.
View Our Latest Report on QBTS
Insiders Place Their Bets
In other D-Wave Quantum news, VP Sophie C. Ames sold 3,070 shares of the stock in a transaction on Monday, July 20th. The shares were sold at an average price of $16.95, for a total transaction of $52,036.50. Following the completion of the transaction, the vice president owned 589,009 shares in the company, valued at $9,983,702.55. This trade represents a 0.52% decrease in their ownership of the stock. The transaction 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, Director Rohit Ghai sold 13,518 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $26.41, for a total transaction of $357,010.38. Following the sale, the director owned 23,617 shares in the company, valued at $623,724.97. This represents a 36.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,012,065 shares of company stock worth $26,245,703. Insiders own 1.30% of the company’s stock.
About D-Wave Quantum
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.
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