Csenge Advisory Group Invests $1.48 Million in D-Wave Quantum Inc. $QBTS

Posted by Stanley Muller on Aug 20th, 2026

Csenge Advisory Group bought a new stake in D-Wave Quantum Inc. (NASDAQ:QBTS – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 61,864 shares of the company’s stock, valued at approximately $1,484,000.

Other hedge funds have also modified their holdings of the company. Root Financial Partners LLC lifted its position in D-Wave Quantum by 388.0% during the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock worth $26,000 after acquiring an additional 776 shares in the last quarter. Parallel Advisors LLC grew its position in D-Wave Quantum by 545.5% in the first quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock valued at $26,000 after acquiring an additional 1,511 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of D-Wave Quantum during the fourth quarter valued at approximately $28,000. PeakShares LLC acquired a new position in shares of D-Wave Quantum during the first quarter worth $29,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of D-Wave Quantum by 267.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after purchasing an additional 838 shares in the last quarter. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

D-Wave Quantum Stock Down 1.1%

Shares of NASDAQ:QBTS opened at $19.32 on Thursday. The firm has a market cap of $7.15 billion, a PE ratio of -27.21 and a beta of 2.15. The company has a fifty day simple moving average of $20.78 and a 200 day simple moving average of $20.25. 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 Inc. has a 12-month low of $12.75 and a 12-month high of $46.75.

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

Analyst Upgrades and Downgrades

QBTS has been the subject of a number of recent analyst reports. Canaccord Genuity Group set a $35.00 price target on shares of D-Wave Quantum in a report on Thursday, August 6th. Roth Capital reiterated a “buy” rating and issued a $30.00 price objective on shares of D-Wave Quantum in a report on Thursday, August 6th. Benchmark initiated coverage on shares of D-Wave Quantum in a research report on Monday, July 27th. They issued a “buy” rating and a $30.00 price objective for the company. Stifel Nicolaus set a $35.00 target price on D-Wave Quantum in a research note on Tuesday, June 2nd. Finally, B. Riley Financial lifted their target price on D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.36.

Read Our Latest Research Report on QBTS

Insiders Place Their Bets

In related news, CFO John M. Markovich sold 200,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $25.71, for a total value of $5,142,000.00. Following the completion of the sale, the chief financial officer directly owned 1,142,820 shares of the company’s stock, valued at $29,381,902.20. The trade was a 14.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John D. Dilullo sold 7,850 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $24.43, for a total value of $191,775.50. Following the sale, the director owned 21,310 shares in the company, valued at $520,603.30. The trade was a 26.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,340,817 shares of company stock worth $35,352,133. Company insiders own 1.30% of the company’s stock.

Key Stories Impacting D-Wave Quantum

Here are the key news stories impacting D-Wave Quantum this week:

Positive Sentiment: Commercial adoption is expanding. NTT DOCOMO deployed a second D-Wave-powered quantum application in production for network operations. The development provides evidence that D-Wave’s technology is moving beyond experimentation toward real-world enterprise use. D-Wave Technology Drives NTT DOCOMO’s Second Production Quantum Application in Network Operations
Positive Sentiment: Bookings showed significant momentum. A recent comparison article highlighted a 1,120% year-over-year increase in second-quarter bookings to $36 million, suggesting potential for future revenue growth if the company converts bookings into recognized sales. D-Wave Quantum vs. Microsoft
Positive Sentiment: Sector and policy catalysts remain supportive. Coverage points to recent U.S. quantum initiatives and the intensifying U.S.-China technology race as potential long-term tailwinds for D-Wave and other quantum-computing companies. U.S.-China 2026 Tech Race
Neutral Sentiment: Analysts see substantial upside, but execution is critical. One review cited approximately 71% implied price upside while warning that investors need evidence of bookings translating into revenue. Quantum-focused investors are also comparing individual stocks such as QBTS with diversified ETFs. D-Wave Stock: 71% Potential Upside
Negative Sentiment: Valuation and profitability remain major risks. D-Wave has minimal revenue, remains unprofitable and trades at a valuation that critics describe as excessive. Its latest quarterly revenue also came in below expectations, increasing the importance of future commercial conversion.
Negative Sentiment: Higher interest rates are hurting speculative stocks. A rise in long-term Treasury yields triggered a broad rotation out of high-risk technology names, including quantum stocks, weighing on QBTS alongside IonQ and Rigetti. Quantum Stocks Fall as Rates Force Rotation

D-Wave Quantum Company Profile

(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.