QBTS

D-Wave Quantum Inc.

NYSE · Services-Computer Processing & Data Preparation · Inc. DE · CIK 0001907982
$23.85 -13.71% $8.7B
Insider Selling Cluster (3 insiders)High Impact Filing (7/10)4 Institutional Exits
Vol
Market Cap$8.7B
Cap SizeMid Cap
Analyst ConsensusStrong Buy (86%)
Inst. Holders9 funds
Inst. Value$1.3B
Inst. Activity2 buys / 4 sells
Insider Activity0B / 10S
Insider Net $-$11.3M
Reddit Sentiment51° Neutral
SEC Reports12
Exchange NYSE·Sector Services-Computer Processing & Data Preparation·Inc. DE·CIK 0001907982·Prev Close $27.64

Recent Activity

Jun 5, 2026 SEC
Director John D. DiLullo filed a Form 144 notice of intent to sell 7,850 shares of D-Wave Quantum Inc. (QBTS) common sto
144 — Impact 2/10
Jun 4, 2026 Insider
Holt Sharon E sold 9,357 shares
Director @ $0.00 ($0.00)
Jun 4, 2026 Insider
Nielsen Kirstjen sold 9,357 shares
Director @ $0.00 ($0.00)
Jun 4, 2026 Insider
WEST STEVEN M sold 9,357 shares
Director @ $0.00 ($0.00)
Jun 4, 2026 short_volume
Short Volume: QBTS — 55.2% short (8.1M / 14.6M)
Short: 8,070,143 | Exempt: 54,762 | TRF Vol: 14,618,262 | Short Ratio: 55.2% | Off-exchange volume (
Jun 2, 2026 SEC
John M. Markovich, an affiliate of D-Wave Quantum Inc., filed a Form 144 notice of intent to sell 2,908 shares of common
144 — Impact 2/10
Jun 1, 2026 SEC
D-Wave held its inaugural Investor Day on June 1, 2026, where management disclosed a proposed $100M U.S. CHIPS Act inves
8-K — Impact 6/10
Inst.
BANK OF AMERICA CORP — TRIM
3,517,550 shares ($92.0M)

Price Targets

$36.44 +52.8% upside Strong Buy
Current $23.85 Low $19.58 Median $40.00 High $45.00 15 analysts
$19.58 $45.00

Analyst Ratings

Strong Buy86% buy · 22 analysts
5Strong Buy
14Buy
3Hold
0Sell
0Strong Sell
Recent Analyst Actions
DateFirmActionRating
Jun 2, 2026 B. Riley Securities MAINTAIN Buy → Buy
Jun 2, 2026 Roth Capital MAINTAIN Buy → Buy
Jun 2, 2026 Rosenblatt MAINTAIN Buy → Buy
Jun 2, 2026 Needham REITERATE Buy → Buy
May 13, 2026 Canaccord Genuity MAINTAIN Buy → Buy

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $-0.09 ▼ -6.2% $-0.13 — $-0.04 -13% YoY 14
Next Q $-0.08 ▲ +1.9% $-0.12 — $-0.02 -68% YoY 13
Current FY $-0.31 ▲ +5.4% $-0.49 — $-0.19 -19% YoY 15
Next FY $-0.38 ▼ -4.0% $-0.60 — $-0.30 -25% YoY 15

Top Institutional Holders

FundValueMove
VANGUARD GROUP INC$965.2MADD
BANK OF AMERICA CORP$92.0MTRIM
CHARLES SCHWAB INVESTMENT MANAGEMENT$80.1MDOUBLED
MORGAN STANLEY$66.7MTRIM
RENAISSANCE TECHNOLOGIES LLC$44.8MTRIM

Recent Insider Trades

DateInsiderTypeValue
Jun 4, 2026Holt SharonA$0.00
Jun 4, 2026Nielsen KirstjenA$0.00
Jun 4, 2026WEST STEVENA$0.00
Jun 4, 2026DiLullo JohnA$0.00
Jun 4, 2026Ghai RohitA$0.00

Reddit Sentiment

51°
Neutral
Bearish Neutral Bullish
33 mentions 8 bullish 7 bearish
9 institutional holders with $1.3B total value (49,995,300 shares) as of 2025-Q4. Top holders: VANGUARD, BANK, CHARLES. Net selling activity: 4 institutions trimmed/exited vs 2 added.

Top Institutional Holders — 2025-Q4

#FundSharesValue% of TrackedLast Move
1VANGUARD GROUP INC36,909,069$965.2M73.8%ADD +41.2%
2BANK OF AMERICA CORP /DE/3,517,550$92.0M7.0%TRIM -35.2%
3CHARLES SCHWAB INVESTMENT MANAGEMENT INC3,061,575$80.1M6.1%DOUBLED +238.6%
4MORGAN STANLEY2,550,977$66.7M5.1%TRIM -59.8%
5RENAISSANCE TECHNOLOGIES LLC1,712,342$44.8M3.4%TRIM -40.6%
6FMR LLC929,559$24.3M1.9%TRIM -29.0%
7WELLS FARGO & COMPANY/MN585,841$15.3M1.2%ADD +35.6%
8TWO SIGMA INVESTMENTS, LP569,382$14.9M1.1%TRIM -49.2%
9NORGES BANK159,005$4.2M0.3%NEW

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
BANK OF AMERICA CORP /DE/TRIM5,427,2143,517,550-35.2%$92.0M2025-Q4
MORGAN STANLEYTRIM6,340,7452,550,977-59.8%$66.7M2025-Q4
FMR LLCTRIM1,309,074929,559-29.0%$24.3M2025-Q4
WELLS FARGO & COMPANY/MNADD432,150585,841+35.6%$15.3M2025-Q4
TWO SIGMA INVESTMENTS, LPTRIM1,120,882569,382-49.2%$14.9M2025-Q4
NORGES BANKNEW159,005$4.2M2025-Q4
VANGUARD GROUP INCADD27,236,61438,454,869+41.2%$950.2M2025-Q3
UBS Group AGDOUBLED1,884,27612,089,703+541.6%$298.7M2025-Q3
MORGAN STANLEYADD4,386,3686,340,745+44.6%$156.7M2025-Q3
BANK OF AMERICA CORP /DE/TRIM14,879,3015,427,214-63.5%$134.1M2025-Q3
CHARLES SCHWAB INVESTMENT MANAGEMENT INCDOUBLED857,9742,904,711+238.6%$71.8M2025-Q3
RENAISSANCE TECHNOLOGIES LLCTRIM3,791,3422,253,542-40.6%$55.7M2025-Q3
FMR LLCDOUBLED119,0711,309,074+999.4%$32.3M2025-Q3
TWO SIGMA INVESTMENTS, LPDOUBLED347,2821,120,882+222.8%$27.7M2025-Q3
WELLS FARGO & COMPANY/MNADD333,787432,150+29.5%$10.7M2025-Q3
VANGUARD GROUP INCDOUBLED11,285,04327,236,614+141.4%$398.7M2025-Q2
BANK OF AMERICA CORP /DE/DOUBLED4,939,30414,879,301+201.2%$217.8M2025-Q2
MORGAN STANLEYDOUBLED1,735,6314,386,368+152.7%$64.2M2025-Q2
RENAISSANCE TECHNOLOGIES LLCNEW3,791,342$55.5M2025-Q2
UBS Group AGTRIM5,892,1001,884,276-68.0%$27.6M2025-Q2
CHARLES SCHWAB INVESTMENT MANAGEMENT INCADD544,956857,974+57.4%$12.6M2025-Q2
TWO SIGMA INVESTMENTS, LPNEAR_EXIT2,941,432347,282-88.2%$5.1M2025-Q2
WELLS FARGO & COMPANY/MNADD199,535333,787+67.3%$4.9M2025-Q2
FMR LLCDOUBLED12,064119,071+887.0%$1.7M2025-Q2
VANGUARD GROUP INCADD7,118,32211,285,043+58.5%$85.8M2025-Q1
9 unique insiders with 10 transactions. Net insider value: -$11.3M ($0.00 bought, $11.3M sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
Jun 4, 2026Holt Sharon EDirectorA9,357$0.00$0.00
Jun 4, 2026Nielsen KirstjenDirectorA9,357$0.00$0.00
Jun 4, 2026WEST STEVEN MDirectorA9,357$0.00$0.00
Jun 4, 2026DiLullo John DDirectorA9,357$0.00$0.00
Jun 4, 2026Ghai RohitDirectorA9,357$0.00$0.00
Jun 2, 2026Markovich John M.Chief Financial OfficerSELL2,908$31.00$90.1K
May 22, 2026Markovich John M.Chief Financial OfficerSELL328,752$27.70$9.1M
May 22, 2026Markovich John M.Chief Financial OfficerM207,926$0.9200$191.3K
May 22, 2026Markovich John M.Chief Financial OfficerM207,926$0.9200$191.3K
May 21, 2026Nguyen DianeEVP, Chief Legal Officer & GCSELL40,000$25.01$1.0M
May 20, 2026AMES SOPHIE CExec. Vice President & CHROSELL23,025$18.98$436.9K
May 13, 2026BARATZ ALAN EPresident & CEOF18,542$22.35$414.4K
May 13, 2026AMES SOPHIE CExec. Vice President & CHROF23,850$22.35$533.0K
May 13, 2026Nguyen DianeEVP, Chief Legal Officer & GCF2,459$22.35$55.0K
Apr 30, 2026BARATZ ALAN EPresident & CEOA753,941$0.00$0.00
Apr 20, 2026AMES SOPHIE CExec. Vice President & CHROSELL3,070$21.35$65.5K
Apr 13, 2026BARATZ ALAN EPresident & CEOF33,778$14.25$481.3K
Apr 13, 2026Nguyen DianeEVP, Chief Legal Officer & GCF4,066$14.25$57.9K
Apr 13, 2026Markovich John M.Chief Financial OfficerF8,607$14.25$122.6K
Apr 13, 2026AMES SOPHIE CExec. Vice President & CHROF3,180$14.25$45.3K
Mar 16, 2026Ghai RohitDirectorSELL10,000$17.62$176.2K
Mar 13, 2026Markovich John M.Chief Financial OfficerSELL10,706$17.63$188.7K
Mar 13, 2026Nguyen DianeEVP, Chief Legal Officer & GCSELL2,532$17.63$44.6K
Mar 5, 2026DiLullo John DDirectorSELL8,000$18.01$144.1K
Feb 19, 2026Nguyen DianeEVP, Chief Legal Officer & GCA28,068$0.00$0.00
Feb 13, 2026Nguyen DianeEVP, Chief Legal Officer & GCSELL1,451$19.76$28.7K
12 SEC filing reports analyzed. Sentiment: 4 bullish, 0 bearish, 1 mixed, 7 neutral. Avg impact: 4.4/10.
NEUTRAL 144 2/10
Director John D. DiLullo filed a Form 144 notice of intent to sell 7,850 shares of D-Wave Quantum In
Jun 5, 2026
NEUTRAL 144 2/10
John M. Markovich, an affiliate of D-Wave Quantum Inc., filed a Form 144 notice of intent to sell 2,
Jun 2, 2026
BULLISH 8-K 6/10
D-Wave held its inaugural Investor Day on June 1, 2026, where management disclosed a proposed $100M
Jun 1, 2026
NEUTRAL CLUSTER 4/10
CFO Markovich and EVP Nguyen sold a combined $10.1M in open-market sales within two days, with the C
May 27, 2026
NEUTRAL 8-K 4/10
D-Wave issued a press release defending its peer-reviewed quantum supremacy result against recent cl
May 26, 2026
NEUTRAL CLUSTER 3/10
Two senior executives (EVP/Chief Legal Officer and EVP/CHRO) sold a combined $1.44M worth of QBTS st
May 22, 2026
BULLISH 8-K 7/10
D-Wave Quantum signed a non-binding Letter of Intent for $100 million in proposed CHIPS Act funding
May 21, 2026
MIXED 8-K 6/10
D-Wave Quantum reported Q1 2026 revenue of $2.9M, down 81% YoY from $15.0M which included a $12.6M s
May 12, 2026
NEUTRAL 8-K 2/10
D-Wave Quantum amended CEO Alan Baratz's employment agreement, raising his base salary to $700,000 a
May 4, 2026
NEUTRAL CLUSTER 3/10
Two C-suite executives at D-Wave Quantum Inc. (QBTS) sold shares in the open market on March 13, 202
Mar 17, 2026
BULLISH INST-CLUSTER 6/10
Three major passive institutional investors — Morgan Stanley, Wells Fargo, and Schwab — significantl
Feb 28, 2026
BULLISH 8-K 8/10
D-Wave Quantum reported a transformative year with FY2025 revenue up 179% YoY to $24.6M and gross pr
Feb 26, 2026

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Current analyst consensus: Strong Buy (86% buy). Based on 22 analysts: 5 strong buy, 14 buy, 3 hold, 0 sell, 0 strong sell.

Analyst Price Targets

$36.44 mean target +52.8% upside Strong Buy (1.33)
$19.58 Low $45.00 High
MetricValue
Current Price$23.85
Target Low$19.58
Target Mean$36.44
Target Median$40.00
Target High$45.00
# Analysts15
RecommendationStrong Buy (1.33)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-06-30
$-0.09 $-0.13 $-0.04 -13.4% -6.2% 2↑ 6↓ $0.0B 32.4% 14
Next Q
2026-09-30
$-0.08 $-0.12 $-0.02 -67.7% +1.9% 2↑ 4↓ $0.0B 269.6% 13
Current FY
2026-12-31
$-0.31 $-0.49 $-0.19 -18.7% +5.4% 6↑ 3↓ $0.0B 72.5% 15
Next FY
2027-12-31
$-0.38 $-0.60 $-0.30 -24.6% -4.0% 4↑ 3↓ $0.1B 100.9% 15

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$-0.091
7d ago$-0.088-0.003
30d ago$-0.085-0.005
60d ago$-0.085-0.005
90d ago$-0.085-0.006
11 analyst firms have rated this stock: 0 upgrades, 0 downgrades, 3 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
Jun 2, 2026 B. Riley Securities MAINTAIN Buy Buy
Jun 2, 2026 Roth Capital MAINTAIN Buy Buy
Jun 2, 2026 Rosenblatt MAINTAIN Buy Buy
Jun 2, 2026 Needham REITERATE Buy Buy
May 13, 2026 Canaccord Genuity MAINTAIN Buy Buy
May 13, 2026 Rosenblatt MAINTAIN Buy Buy
May 13, 2026 Cantor Fitzgerald REITERATE Overweight Overweight
May 13, 2026 Mizuho MAINTAIN Outperform Outperform
May 13, 2026 Needham REITERATE Buy Buy
Feb 27, 2026 Mizuho MAINTAIN Outperform Outperform
Feb 27, 2026 Evercore ISI Group MAINTAIN Outperform Outperform
Feb 27, 2026 Roth Capital MAINTAIN Buy Buy
Feb 26, 2026 Needham MAINTAIN Buy Buy
Jan 29, 2026 Needham REITERATE Buy Buy
Jan 28, 2026 Rosenblatt MAINTAIN Buy Buy
Jan 23, 2026 Benchmark REITERATE Buy Buy
Jan 22, 2026 Needham REITERATE Buy Buy
Jan 8, 2026 Rosenblatt MAINTAIN Buy Buy
Jan 7, 2026 Rosenblatt MAINTAIN Buy Buy
Dec 17, 2025 Wedbush INITIATE Outperform
Dec 16, 2025 Jefferies INITIATE Buy
Dec 11, 2025 Mizuho INITIATE Outperform

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 202651430086%
May 1, 202651430086%
Apr 1, 202651420090%
Mar 1, 202651511091%
Feb 1, 202651411090%
Jan 1, 202651411090%
Strong BuyBuyHoldSellStrong Sell

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

51°
Neutral
Bearish Neutral Bullish
33 mentions 8 bullish 7 bearish 30 time periods

Reddit Sentiment History

DateMentionsSentimentBullishBearishThreads
May 31, 2026156° Neutral001
May 31, 2026156° Neutral001
May 30, 2026150° Neutral001
May 30, 2026150° Neutral001
May 28, 2026140° Cool011
May 28, 2026140° Cool011
May 27, 2026150° Neutral001
May 27, 2026150° Neutral001
May 22, 2026140° Cool011
May 22, 2026140° Cool011
May 22, 2026150° Neutral001
May 22, 2026150° Neutral001
May 22, 2026140° Cool011
May 22, 2026150° Neutral001
May 22, 2026156° Neutral001
May 22, 2026156° Neutral001
May 21, 2026140° Cool011
May 21, 2026140° Cool011
May 21, 2026156° Neutral001
May 21, 2026156° Neutral001
May 21, 2026160° Warm101
May 21, 2026250° Neutral002
May 21, 2026250° Neutral002
May 19, 2026160° Warm101
May 19, 2026160° Warm101
May 12, 2026160° Warm101
May 12, 2026160° Warm101
May 5, 2026160° Warm101
May 5, 2026160° Warm101
Apr 29, 2026258° Warm102

Recent Reddit Threads

r/stocks Neutral 7d 11h ago
Quantinuum IPO June 4
▲ 1 💬 0 ⚡ 0.5
r/wallstreetbets Bearish 16d 3h ago
QBTS RISKY PLAY
▲ 1 💬 0 ⚡ 0.5
r/wallstreetbets Neutral 10d 21h ago
Quantum QBTS
▲ 1 💬 0 ⚡ 0.5
r/stocks Bearish 15d 6h ago
Quantum stocks are sham / don't buy the pop today.
▲ 1 💬 0 ⚡ 0.5
r/stocks Neutral 1mo ago
Quantum Computing stocks: IONQ, RGTI, QBTS, QUBT
▲ 1 💬 1 ⚡ 0.5
r/wallstreetbets Neutral 15d 7h ago
$35k QBTS yolo
▲ 1 💬 0 ⚡ 0.5
r/investing Bullish 1mo ago
Quantum Computing themes are up today
▲ 1 💬 0 ⚡ 0.5
r/stocks Bullish 1mo ago
Quantum Computing theme up 8.48% today,here's what's actually driving it
▲ 1 💬 0 ⚡ 0.5
r/stocks Bullish 1mo ago
Quantum Computing stocks: IONQ, RGTI, QBTS, QUBT
▲ 1 💬 0 ⚡ 0.5
r/wallstreetbets Neutral 16d 13h ago
IBM, GFS, RGTI, QBTS, INFQ stocks soar after Trump admin’s $2B quantum funding
▲ 1 💬 0 ⚡ 0.5
r/wallstreetbets Neutral 15d 10h ago
QBTS
▲ 1 💬 0 ⚡ 0.5
r/stocks Neutral 15d 12h ago
$ZENA Quantum Stock… yes QBTS and RGTI are going to fly!
▲ 1 💬 1 ⚡ 0.5
r/investing Bullish 18d 7h ago
Market Finally Feels Alive Again
▲ 1 💬 0 ⚡ 0.5
r/investing Neutral 16d 9h ago
I bought 2,200 shares of QBTS last week.
▲ 1 💬 1 ⚡ 0.5
r/stocks Neutral 6d 11h ago
I am a 17yr old trying to invest
▲ 1 💬 1 ⚡ 0.5
r/options Bearish 2mo ago
Merrill giving me grief blocking trades
▲ 1 💬 0 ⚡ 0.5
r/wallstreetbets Bearish 15d 9h ago
I heckin love corruption thanks Trump - QBTS
▲ 1 💬 0 ⚡ 0.5
Jun 4, 2026
short_volume
Short Volume: QBTS — 55.2% short (8.1M / 14.6M)
Short: 8,070,143 | Exempt: 54,762 | TRF Vol: 14,618,262 | Short Ratio: 55.2% | Off-exchange volume (dark pool + OTC)
May 28, 2026
short_volume
Short Volume: QBTS — 57.5% short (13.0M / 22.7M)
Short: 13,029,990 | Exempt: 79,831 | TRF Vol: 22,666,099 | Short Ratio: 57.5% | Off-exchange volume (dark pool + OTC)
May 21, 2026
short_volume
Short Volume: QBTS — 55.1% short (23.1M / 42.0M)
Short: 23,142,727 | Exempt: 162,572 | TRF Vol: 41,976,018 | Short Ratio: 55.1% | Off-exchange volume (dark pool + OTC)
May 20, 2026
short_volume
Short Volume: QBTS — 57.6% short (5.3M / 9.2M)
Short: 5,293,164 | Exempt: 40,304 | TRF Vol: 9,183,527 | Short Ratio: 57.6% | Off-exchange volume (dark pool + OTC)
May 19, 2026
short_volume
Short Volume: QBTS — 59.6% short (5.4M / 9.1M)
Short: 5,403,361 | Exempt: 26,199 | TRF Vol: 9,070,880 | Short Ratio: 59.6% | Off-exchange volume (dark pool + OTC)
May 18, 2026
short_volume
Short Volume: QBTS — 58.5% short (6.1M / 10.5M)
Short: 6,146,744 | Exempt: 50,646 | TRF Vol: 10,500,493 | Short Ratio: 58.5% | Off-exchange volume (dark pool + OTC)
May 15, 2026
short_volume
Short Volume: QBTS — 62.8% short (5.9M / 9.4M)
Short: 5,879,429 | Exempt: 29,762 | TRF Vol: 9,366,187 | Short Ratio: 62.8% | Off-exchange volume (dark pool + OTC)
May 13, 2026
short_volume
Short Volume: QBTS — 61.1% short (7.3M / 11.9M)
Short: 7,272,695 | Exempt: 632,894 | TRF Vol: 11,904,528 | Short Ratio: 61.1% | Off-exchange volume (dark pool + OTC)
May 12, 2026
earnings_calendar
QBTS Q1 2026 Earnings Scheduled — 2026-05-12
May 12, 2026
short_volume
Short Volume: QBTS — 57.2% short (9.7M / 17.0M)
Short: 9,745,806 | Exempt: 493,113 | TRF Vol: 17,048,293 | Short Ratio: 57.2% | Off-exchange volume (dark pool + OTC)
May 11, 2026
short_volume
Short Volume: QBTS — 62.0% short (10.0M / 16.1M)
Short: 9,957,840 | Exempt: 91,971 | TRF Vol: 16,068,691 | Short Ratio: 62.0% | Off-exchange volume (dark pool + OTC)
May 8, 2026
short_volume
Short Volume: QBTS — 59.7% short (5.5M / 9.2M)
Short: 5,509,506 | Exempt: 49,338 | TRF Vol: 9,228,921 | Short Ratio: 59.7% | Off-exchange volume (dark pool + OTC)
May 8, 2026
short_interest
FTD: QBTS — 40,493 shares ($0.9M) failed to deliver
Settlement: 20260508, Price: $21.99, FTD Value: $890,441.07, DWAVE QUANTUM INC COM(DE)
May 7, 2026
short_volume
Short Volume: QBTS — 59.7% short (6.6M / 11.1M)
Short: 6,623,367 | Exempt: 28,363 | TRF Vol: 11,091,291 | Short Ratio: 59.7% | Off-exchange volume (dark pool + OTC)
May 7, 2026
short_interest
FTD: QBTS — 335,879 shares ($8.0M) failed to deliver
Settlement: 20260507, Price: $23.83, FTD Value: $8,003,996.57, DWAVE QUANTUM INC COM(DE)