Rockefeller Capital Management L.P. cut its stake in D-Wave Quantum Inc. (NYSE:QBTS – Free Report) by 14.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 156,167 shares of the company’s stock after selling 26,111 shares during the period. Rockefeller Capital Management L.P.’s holdings in D-Wave Quantum were worth $4,084,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. 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 worth $26,000 after purchasing an additional 776 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of D-Wave Quantum during the 4th quarter valued at $28,000. EverSource Wealth Advisors LLC grew its stake in shares of D-Wave Quantum by 267.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock valued at $30,000 after buying an additional 838 shares during the period. Ancora Advisors LLC acquired a new stake in shares of D-Wave Quantum during the 3rd quarter worth $30,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of D-Wave Quantum during the 4th quarter worth $31,000. 42.47% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
QBTS has been the topic of a number of research analyst reports. Canaccord Genuity Group reduced their target price on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Weiss Ratings upgraded D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. B. Riley Financial raised their price objective on D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $43.00 price objective on shares of D-Wave Quantum in a research note on Thursday, June 11th. Finally, Mizuho boosted their target price on D-Wave Quantum from $29.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Fourteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.80.
D-Wave Quantum Price Performance
QBTS opened at $22.70 on Friday. The company has a fifty day simple moving average of $23.46 and a 200 day simple moving average of $22.28. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of -20.09 and a beta of 2.05. D-Wave Quantum Inc. has a twelve month low of $12.75 and a twelve month high of $46.75. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03.
D-Wave Quantum (NYSE:QBTS – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $2.86 million for the quarter, compared to analyst estimates of $4.19 million. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The firm’s revenue was down 80.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) EPS. Equities research analysts expect that D-Wave Quantum Inc. will post -0.43 EPS for the current fiscal year.
D-Wave Quantum News Summary
Here are the key news stories impacting D-Wave Quantum this week:
- Positive Sentiment: D-Wave unveiled a first-of-its-kind error-aware quantum simulator and said developer access is planned for September 2026, which could strengthen its gate-model roadmap and support longer-term commercialization. D-Wave Advances Gate-Model Roadmap With First-of-its-Kind Stimulator
- Positive Sentiment: Analyst commentary has remained constructive, with Roth Capital recently raising its price target to $40 and keeping a Buy rating, reflecting confidence in D-Wave’s investor engagement and commercial story. D-Wave Quantum (QBTS) Says It Has a Key Edge Over Rivals; Is Wall Street Buying the Story?
- Positive Sentiment: One article argued that D-Wave’s commercial progress, bookings growth, and roadmap could help it outperform peers like Rigetti in the second half of 2026. QBTS or RGTI: Which Quantum Stock is Poised to Lead in H2 2026?
- Neutral Sentiment: Coverage around D-Wave’s recent weakness framed the stock move as a reaction to mixed signals: new U.S. quantum funding and executive orders create opportunity, but investors are also questioning whether the company’s dual-platform strategy and timing will translate into near-term results. D-Wave Quantum (QBTS) Is Down 11.3% After U.S. Quantum Orders And Dual-Platform Roadmap Shift
- Negative Sentiment: A recent article said QBTS “needed a win” after a disappointing earnings report, implying the market is still focused on losses, weak revenue versus expectations, and execution risk. How Does D-Wave’s New Simulator Change the Quantum Computing Landscape?
- Negative Sentiment: Another theme in the coverage is that while D-Wave has promising technology, some investors and analysts remain unconvinced that the simulator announcement alone will materially change the competitive landscape in the near term. D-Wave Advances Gate-Model Roadmap With First-of-its-Kind Stimulator
Insider Buying and Selling at D-Wave Quantum
In other D-Wave Quantum news, CFO John M. Markovich sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.71, for a total transaction of $5,142,000.00. Following the completion of the sale, the chief financial officer owned 1,142,820 shares in the company, valued at $29,381,902.20. This trade represents a 14.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Rohit Ghai sold 13,518 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $623,724.97. This trade represents a 36.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,363,842 shares of company stock valued at $35,802,656. Company insiders own 1.30% of the company’s stock.
D-Wave Quantum Company Profile
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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