D-Wave Quantum (NYSE:QBTS) Shares Rise 2% - What's Driving the Change?

On Wednesday, shares of D-Wave Quantum Inc. (NYSE:QBTS) experienced an uptick of 2% during mid-day trading. The stock reached a high of $6.00 before closing at $5.90. The trading volume for the day was 24,905,565 shares, which marks a significant decrease of 74% from the average session volume of 94,422,289 shares. The previous day's closing price was $5.78.

Analyst Insights

Several analysts have recently assessed the stock's potential. For instance, Benchmark has reaffirmed a "buy" rating and set a price target of $8.00. Roth MKM raised its price target from $3.00 to $7.00, also rating the stock as a "buy." B. Riley has increased its target price from $4.50 to $9.00 while maintaining a buy rating. Craig Hallum similarly adjusted their target for D-Wave Quantum from $2.50 to $9.00, reinforcing a buy recommendation. Needham & Company LLC has reaffirmed a buy rating with a target price of $2.25. Overall, six analysts have given the stock a buy rating, resulting in an average rating of "Buy" and a consensus target price of $6.38, according to MarketBeat.com.

Performance and Trends

In terms of performance, D-Wave Quantum's stock has shown resilience, pulling away from the lows seen in 2025. The company's 50-day moving average stands at $6.15, while the 200-day moving average is at $2.89. Currently, D-Wave has a market capitalization of $1.73 billion, a PE ratio of -15.20, and a beta of 1.10 which indicates moderate volatility compared to the overall market.

Insider Activity

Recent insider trading has also been notable. Major shareholder Sector Pension Investment Public sold 7,278,688 shares on January 13th at an average price of $4.07, resulting in total proceeds of $29,624,260. This sale decreased their ownership by approximately 19.53%. Similarly, CEO Alan E. Baratz sold 8,372 shares on January 23rd at an average price of $5.27, totaling around $44,120. Following this transaction, the CEO retains 2,342,208 shares, valued at about $12.34 million. Over the last 90 days, insiders have sold 20,152,665 shares for a total worth of $92,096,075, which means corporate insiders hold about 7.22% of the company's stock.

Institutional Holdings

Hedge funds have shown interest in D-Wave Quantum recently. SG Americas Securities LLC acquired a new stake valued at approximately $42,000 during the third quarter. Other firms, such as Bogart Wealth LLC and Kingsview Wealth Management LLC, bought stakes worth around $49,000 and $84,000, respectively. The overall institutional ownership of D-Wave Quantum stands at 42.47%.

About D-Wave Quantum

D-Wave Quantum Inc. specializes in creating and providing quantum computing systems, software, and services around the globe. Their primary offerings include the Advantage, their fifth-generation quantum computer, and Ocean, a suite of open-source Python tools. They also provide Leap, a cloud-based service that enables real-time access to a live quantum computer.

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