QBTS D-Wave Quantum Inc.
Price Chart
Executive Summary
Two senior executives (EVP/Chief Legal Officer and EVP/CHRO) sold a combined $1.44M worth of QBTS stock at $19-$25 per share over two days. The sales occurred 10 days after the company reported an 81% YoY revenue decline in Q1 2026 ($2.9M vs $15.0M), despite record bookings of $33.4M. At a $9.4B market cap, the sales represent roughly 0.015% of market value — well below the 0.1% materiality threshold, making this a routine liquidity/vesting event.
Key Financial Metrics
Actionable Insight
The dollar amounts are immaterial relative to the $9.4B market cap and both sellers are non-CEO/CFO executives, consistent with routine diversification or tax-planning sales. The cluster does not alter the Q1 earnings narrative (record bookings vs GAAP revenue decline). The upcoming Investor Day (June 1, 2026) is a more significant near-term catalyst. Do not read into these sales as a bearish signal.
Key Facts
- Two insiders sold a combined $1.44M in open-market transactions over 2 days
- Sellers are the EVP/Chief Legal Officer (40K shares at $25.01) and EVP/CHRO (23K shares at $18.98)
- Sales occurred 10 days after Q1 2026 earnings: revenue down 81% YoY, but record Bookings of $33.4M
- Total cluster value is ~0.015% of the $9.4B market cap — insignificant relative to company size
- Both sellers are executive-level but neither is CEO or CFO — less informative per literature
- Prior insider activity (30d) shows $1.4M in sells — this cluster doubles that but remains noisy
Financial Impact
Total insider sales of $1.44M, representing ~0.015% of market cap
Risk Factors
- Insider sales may accelerate if the stock continues to rally from $19 to $25 within the cluster window
- The Q1 revenue decline (81% YoY) remains a fundamental headwind despite bookings strength
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-QBTS-1779482357883 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 5, 2026
1d ago
|
144
| $23.56 awaiting T+1 | awaiting T+1 | — | $23.85 (+1.23%) |
|
Jun 2, 2026
4d ago
|
144
| $27.55 $27.64 | ▲ +0.33% | ▼ −0.08% | $23.85 (−13.43%) |
|
Jun 1, 2026
5d ago
|
8-K
| $29.18 $29.91 | ▲ +2.50% | ▲ +2.36% | $23.85 (−18.27%) |
|
May 27, 2026
10d ago
|
Insider Cluster
| $29.49 $30.14 | ▲ +2.20% | ▲ +1.96% | $23.85 (−19.13%) |
|
May 26, 2026
11d ago
|
8-K
| $27.82 $27.48 | ▼ −1.22% | ▼ −1.24% | $23.85 (−14.27%) |
|
May 22, 2026
15d ago
|
Insider Cluster
| $27.82 $27.79 | ▼ −0.11% | ▼ −0.06% | $23.85 (−14.27%) |
|
May 21, 2026
16d ago
|
8-K
| $25.74 $29.40 | ▲ +14.22% | ▲ +13.77% | $23.85 (−7.34%) |
|
May 12, 2026
25d ago
|
8-K
| $22.35 $21.44 | ▼ −4.07% | ▼ −4.65% | $23.85 (+6.71%) |
|
May 4, 2026
4w ago
|
8-K
| $21.54 $21.54 | · 0.00% | ▼ −1.38% | $23.85 (+10.72%) |
|
Mar 13, 2026
12w ago
|
Insider Cluster
| $17.55 $17.46 | ▼ −0.51% | ▼ −1.54% | $23.85 (+35.90%) |
US Market Status
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