D-Wave Quantum (NASDAQ:QBTS) Stock Price Down 4.1% – Here’s What Happened

Posted by Francis Steltz on Oct 8th, 2026

D-Wave Quantum Inc. (NASDAQ:QBTS – Get Free Report) fell 4.1% on Thursday. The stock traded as low as $14.30 and last traded at $14.60. Approximately 16,643,838 shares changed hands during trading, a decline of 38% from the average daily volume of 26,631,572 shares. The stock had previously closed at $15.22.

Wall Street Analyst Weigh In

A number of brokerages have commented on QBTS. Jefferies Financial Group set a $40.00 price target on D-Wave Quantum in a research report on Friday, August 7th. Mizuho lifted their price objective on D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Canaccord Genuity Group set a $35.00 price objective on D-Wave Quantum in a research note on Thursday, August 6th. Benchmark started coverage on shares of D-Wave Quantum in a report on Monday, July 27th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Zacks Research cut shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Thirteen 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.27.

Read Our Latest Report on D-Wave Quantum

D-Wave Quantum Price Performance

The firm has a 50 day moving average of $18.01 and a 200-day moving average of $19.78. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03. The company has a market cap of $5.40 billion, a P/E ratio of -20.56 and a beta of 2.18.

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). 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 the consensus estimate of $4.03 million. During the same quarter in the previous year, the company earned ($0.08) earnings per share. The company’s revenue for the quarter was down 0.6 compared to the same quarter last year. On average, equities research analysts predict that D-Wave Quantum Inc. will post -0.46 EPS for the current year.

Insider Buying and Selling at D-Wave Quantum

In related news, VP Sophie Ames sold 3,070 shares of the company’s 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 approximately $9,983,702.55. This represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of D-Wave Quantum

Institutional investors and hedge funds have recently bought and sold shares of the stock. Veracity Capital LLC lifted its stake in D-Wave Quantum by 1.8% in the 3rd quarter. Veracity Capital LLC now owns 80,181 shares of the company’s stock worth $1,329,000 after purchasing an additional 1,383 shares in the last quarter. Burr Financial Services LLC purchased a new position in shares of D-Wave Quantum during the third quarter valued at about $6,343,000. Tidal Investments LLC bought a new stake in shares of D-Wave Quantum in the second quarter worth about $372,000. Archford Capital Strategies LLC bought a new stake in shares of D-Wave Quantum in the second quarter worth about $200,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of D-Wave Quantum in the second quarter worth about $6,720,000. 42.47% of the stock is currently owned by institutional investors.

About D-Wave Quantum

(Get Free Report)

D-Wave Quantum Inc is a quantum-computing company that develops and delivers quantum systems, software and cloud-based services for commercial, government and research customers. The company focuses on quantum annealing, an approach designed to address complex optimization problems, and is also developing gate-model quantum-computing capabilities.

Its offerings include D-Wave quantum computers, the Leap quantum cloud service, and the Ocean software development kit. Through these products, customers can access quantum hardware, build and test applications, and combine quantum processing with classical computing through hybrid solvers.