Mitsubishi UFJ Asset Management Co. Ltd. Takes Position in D-Wave Quantum Inc. $QBTS

Posted by Stanley Muller on Aug 23rd, 2026

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in D-Wave Quantum Inc. (NASDAQ:QBTS – Free Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 26,700 shares of the company’s stock, valued at approximately $641,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Root Financial Partners LLC raised its stake 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 buying an additional 776 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in D-Wave Quantum in the fourth quarter worth $28,000. EverSource Wealth Advisors LLC grew 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 acquiring an additional 838 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in shares of D-Wave Quantum in the fourth quarter worth $31,000. Finally, Ancora Advisors LLC bought a new position in shares of D-Wave Quantum during the third quarter valued at $30,000. Hedge funds and other institutional investors own 42.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Jefferies Financial Group set a $40.00 price target on D-Wave Quantum in a research report on Friday, August 7th. Benchmark initiated coverage on shares of D-Wave Quantum in a research report on Monday, July 27th. They set a “buy” rating and a $30.00 price objective on the stock. Stifel Nicolaus set a $35.00 price objective on shares of D-Wave Quantum in a research note on Tuesday, June 2nd. B. Riley Financial raised their price objective on shares of D-Wave Quantum from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, Roth Capital reaffirmed a “buy” rating and issued a $30.00 target price on shares of D-Wave Quantum in a report on Thursday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.27.

Read Our Latest Report on QBTS

Trending Headlines about 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

Insider Buying and Selling

In other D-Wave Quantum news, Director John D. Dilullo sold 7,850 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $24.43, for a total transaction of $191,775.50. Following the transaction, the director owned 21,310 shares in the company, valued at approximately $520,603.30. This represents a 26.92% decrease in their position. The transaction was disclosed in a legal 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. Also, VP Sophie C. Ames sold 3,070 shares of the company’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $16.95, for a total transaction of $52,036.50. Following the transaction, the vice president owned 589,009 shares in the company, valued at $9,983,702.55. This represents a 0.52% decrease in their position. 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 1,012,065 shares of company stock worth $26,245,703 in the last three months. 1.30% of the stock is currently owned by company insiders.

D-Wave Quantum Stock Up 8.5%

D-Wave Quantum stock opened at $20.39 on Friday. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of -28.72 and a beta of 2.15. The stock has a fifty day simple moving average of $20.62 and a two-hundred day simple moving average of $20.24. D-Wave Quantum Inc. has a 12 month low of $12.75 and a 12 month high of $46.75. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03.

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

About D-Wave Quantum

(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.