D-Wave Quantum (NYSE:QBTS) Trading Up 6.7% – What’s Next?

Posted by Geri Gentry on May 11th, 2026

Shares of D-Wave Quantum Inc. (NYSE:QBTS – Get Free Report) shot up 6.7% on Monday . The company traded as high as $24.78 and last traded at $24.0810. 35,090,647 shares changed hands during trading, an increase of 19% from the average session volume of 29,552,916 shares. The stock had previously closed at $22.57.

Wall Street Analyst Weigh In

A number of research firms have weighed in on QBTS. Needham & Company LLC cut their price objective on shares of D-Wave Quantum from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Canaccord Genuity Group set a $43.00 price objective on shares of D-Wave Quantum in a research report on Thursday, January 29th. TD Cowen began coverage on shares of D-Wave Quantum in a research report on Thursday, February 12th. They set a “buy” rating on the stock. Wall Street Zen cut shares of D-Wave Quantum from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings cut shares of D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. Fourteen 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.53.

Get Our Latest Stock Analysis on QBTS

D-Wave Quantum Trading Up 6.7%

The stock’s fifty day moving average price is $17.69 and its 200 day moving average price is $22.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 42.38 and a quick ratio of 42.25. The stock has a market capitalization of $8.91 billion, a P/E ratio of -21.89 and a beta of 1.95.

D-Wave Quantum (NYSE:QBTS – Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). The company had revenue of $2.75 million during the quarter, compared to the consensus estimate of $3.74 million. D-Wave Quantum had a negative return on equity of 58.58% and a negative net margin of 1,444.10%.The business’s revenue was up 21.7% compared to the same quarter last year. Research analysts forecast that D-Wave Quantum Inc. will post -0.44 earnings per share for the current year.

Insider Activity at D-Wave Quantum

In other news, Director Rohit Ghai sold 10,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $17.62, for a total value of $176,200.00. Following the transaction, the director directly owned 27,778 shares in the company, valued at approximately $489,448.36. This represents a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John D. Dilullo sold 8,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $18.01, for a total transaction of $144,080.00. Following the completion of the transaction, the director owned 19,803 shares in the company, valued at approximately $356,652.03. The trade was a 28.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 31,776 shares of company stock valued at $574,571. Company insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in D-Wave Quantum by 41.2% during the 3rd quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock worth $950,220,000 after acquiring an additional 11,218,255 shares in the last quarter. UBS Group AG grew its holdings in D-Wave Quantum by 541.6% during the 3rd quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after acquiring an additional 10,205,427 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in D-Wave Quantum by 136,842.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,194,866 shares of the company’s stock worth $83,546,000 after acquiring an additional 3,192,533 shares in the last quarter. Clear Street Group Inc. bought a new position in D-Wave Quantum during the 3rd quarter worth about $75,344,000. Finally, Goldman Sachs Group Inc. grew its holdings in D-Wave Quantum by 311.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,548,013 shares of the company’s stock worth $92,781,000 after acquiring an additional 2,685,980 shares in the last quarter. 42.47% of the stock is currently owned by institutional investors.

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.