D-Wave Quantum Inc.

New York Stock Exchange
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Slightly Bullish +25

D-Wave Quantum (NASDAQ:QBTS) Director John Dilullo Sells 1,100 Shares ...

AI-generated analysis

📉 Director John Dilullo sold 1,100 shares at $18.00 under a Rule 10b5-1 plan, reducing his position by 5.16%.

💰 The company reported Q2 revenue of $3.08 million, missing analyst estimates of $4.03 million and declining slightly year-over-year.

📉 D-Wave Quantum posted EPS of ($0.10), beating the negative consensus of ($0.08) but widening the loss compared to last year's ($0.08).

🏦 BlackRock established a new position worth approximately $795 million in the second quarter.

📈 UBS Group AG increased its holdings by 541.6% in the third quarter, adding over 10 million shares.

🏛️ California State Teachers Retirement System grew its stake by 2,336.6% in the second quarter.

🏦 Bank of America acquired a new stake worth approximately $104 million during the second quarter.

📈 Northwestern Mutual Wealth Management Co. increased its position by 136,842.4% in the fourth quarter.

📊 Institutional ownership stands at 42.47%, indicating significant interest from hedge funds and asset managers.

🎯 Wedbush initiated coverage with an 'outperform' rating and a $40.00 target price on August 3rd.

🔄 Wall Street Zen upgraded the stock from 'strong sell' to 'sell' on August 8th.

📉 Benchmark initiated coverage with a 'buy' rating and a $30.00 price objective on July 27th.

🎯 BMO Capital Markets set an 'outperform' rating and a $35.00 price objective on August 20th.

📊 The consensus analyst rating is 'Moderate Buy' with a target price of $36.27 based on thirteen analysts.

💻 D-Wave develops quantum annealing systems and software to solve complex optimization problems.

📉 The stock has a market cap of $6.33 billion and a beta of 2.15, indicating high volatility.

📈 The fifty-day moving average is $18.92 while the two-hundred-day moving average is $20.02.

Bullish Signals
  • Major institutional investors including BlackRock, UBS, California State Teachers Retirement System, Bank of America, and Northwestern Mutual have significantly increased or established new positions in the stock during the second and third quarters.
  • Analyst consensus maintains a 'Moderate Buy' rating with a target price of $36.27, suggesting potential upside from current levels.
  • Wedbush initiated coverage with an 'outperform' rating and a $40.00 target price, while Benchmark initiated with a 'buy' rating and a $30.00 objective.
Risk Factors
  • The company missed Q2 revenue estimates of $4.03 million, reporting only $3.08 million, which represents a slight decline compared to the same quarter last year.
  • D-Wave Quantum reported EPS of ($0.10), missing the negative consensus of ($0.08) and widening the loss compared to last year's ($0.08).
  • The stock has a PE ratio of -24.11, indicating the company is currently unprofitable.
  • Director John Dilullo sold 1,100 shares for $19,800, reducing his position by 5.16% in a transaction that may signal reduced confidence or portfolio rebalancing.
Full Analysis
D-Wave Quantum Inc. (NASDAQ:QBTS) Director John Dilullo sold 1,100 shares of the company's stock on Tuesday, September 8th, at an average price of $18.00 for a total value of $19,800. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan, resulting in a 5.16% decrease in his direct ownership position. Following the sale, Dilullo directly owned 20,210 shares valued at approximately $363,780. The company reported quarterly earnings on August 6th, missing analyst consensus estimates with EPS of ($0.10) versus an expected ($0.08). Revenue for the quarter was $3.08 million, falling short of the $4.03 million forecast and representing a slight decline compared to the same period last year. The company continues to operate at a loss with negative return on equity and net margin. Despite recent insider selling and missed earnings, institutional investor sentiment remains strong with significant new positions acquired by major firms including BlackRock, UBS, California State Teachers Retirement System, Bank of America, and Northwestern Mutual in the second and third quarters. Analyst consensus currently rates the stock as a 'Moderate Buy' with a target price of $36.27.