D-Wave Quantum Inc.

🇺🇸New York Stock Exchange
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D-Wave Quantum Inc. stock analysis QBTS overview
Somewhat Bullish +45

D-Wave Quantum Inc. $QBTS Shares Sold by SG Americas Securities LLC

📉 SG Americas Securities LLC lowered its QBTS stake by 56.7% in Q1, selling 1,289,356 shares while retaining a position worth $14.18 million.

📈 Root Financial Partners LLC increased its holdings by 388% in Q4 to own 976 shares valued at $26,000.

🆕 Kemnay Advisory Services Inc., EverSource Wealth Advisors LLC, Ancora Advisors LLC, and McGuire Capital Advisors Inc. all established new stakes valued between $28,000 and $31,000 in Q3 or Q4.

💰 Stifel Nicolaus set a $35.00 price target, while Mizuho raised its objective to $35.00 with an 'outperform' rating.

🚀 B. Riley Financial increased its QBTS target from $36.00 to $40.00 and maintained a 'buy' rating in June.

🎯 Rosenblatt Securities reissued a 'buy' rating with a $43.00 price target on Thursday, June 11th.

📊 The stock currently holds an average analyst rating of 'Moderate Buy' with a consensus target price of $36.80.

👤 VP Sophie C. Ames sold 23,025 shares worth $437,014 under a pre-arranged Rule 10b5-1 trading plan.

👤 Director Rohit Ghai sold 13,518 shares worth $357,010 on June 15th, reducing his ownership by 36.4%.

💸 Corporate insiders have collectively sold 1,363,842 shares valued at $35.8 million over the last quarter.

📉 The company trades with a negative P/E ratio of -20.09 and a market capitalization of $8.4 billion.

💵 D-Wave maintains a robust liquidity position with a current ratio of 21.41 and a debt-to-equity ratio of 0.03.

Bullish Signals
  • Multiple analysts have issued 'buy' or 'outperform' ratings, including Mizuho, B. Riley Financial, and Rosenblatt Securities.
  • Analyst price targets range from $35.00 to $43.00, with an average consensus target of $36.80 suggesting upside potential.
  • The company possesses a very strong balance sheet indicated by a current ratio of 21.41 and a debt-to-equity ratio of 0.03.
  • Institutional ownership remains significant at 42.47%, with several funds increasing or initiating positions in the fourth quarter.
Risk Factors
  • Corporate insiders sold approximately 1.36 million shares worth over $35.8 million in the last quarter, indicating reduced personal exposure.
  • The stock carries a negative price-to-earnings ratio of -20.09, reflecting its status as an unprofitable growth company.
Full Analysis
SG Americas Securities LLC significantly reduced its stake in D-Wave Quantum Inc. (NYSE:QBTS) by 56.7% during the first quarter, selling over 1.28 million shares and holding a remaining position valued at approximately $14.18 million. While SG Americas decreased its holdings, several other institutional investors increased their positions in the fourth quarter, including Root Financial Partners LLC which boosted its stake by 388%, and Ancora Advisors LLC and McGuire Capital Advisors Inc., both establishing new positions valued around $30,000 to $31,000. Analyst sentiment for D-Wave Quantum remains generally positive with multiple firms raising price targets or maintaining buy ratings. Stifel Nicolaus set a $35.00 target, Mizuho raised its objective to $35.00 with an 'outperform' rating, and B. Riley Financial increased its target to $40.00 with a 'buy' rating. Rosenblatt Securities also reissued a buy rating with a $43.00 price target, contributing to an average analyst target of $36.80. Insider trading activity shows mixed signals as corporate insiders sold approximately 1.36 million shares worth over $35.8 million in the last quarter. VP Sophie C. Ames and Director Rohit Ghai executed pre-arranged Rule 10b5-1 trades, reducing their individual ownership percentages by roughly 3.7% and 36.4% respectively. The company maintains a strong balance sheet with a current ratio of 21.41 and negligible debt-to-equity of 0.03. D-Wave Quantum continues to focus on quantum annealing technology for complex optimization problems, operating with a market cap of $8.4 billion. The stock has traded between a 52-week low of $12.75 and a high of $46.75, currently trading near its 50-day moving average. Hedge funds collectively own 42.47% of the outstanding shares, indicating significant institutional interest despite recent insider sales.