D-Wave Quantum (NASDAQ:QBTS) Shares Down 4.8% – Here’s What Happened

02 Oct 2026, 21:21 by Tristan Rich · The Markets Daily

D-Wave Quantum Inc. (NASDAQ:QBTS – Get Free Report)’s stock price fell 4.8% during trading on Friday. The stock traded as low as $15.74 and last traded at $15.77. Approximately 19,953,670 shares changed hands during trading, a decline of 26% from the average session volume of 26,872,602 shares. The stock had previously closed at $16.56.

Analysts Set New Price Targets

A number of brokerages have weighed in on QBTS. Canaccord Genuity Group set a $35.00 target price on shares of D-Wave Quantum in a research note on Thursday, August 6th. Weiss Ratings raised D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 28th. Roth Capital restated a “buy” rating and issued a $30.00 price target on shares of D-Wave Quantum in a research note on Thursday, August 6th. Wedbush initiated coverage on D-Wave Quantum in a research note on Monday, August 3rd. They set an “outperform” rating and a $40.00 price objective for the company. Finally, Wall Street Zen upgraded D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.27.

Check Out Our Latest Research Report on QBTS

D-Wave Quantum Price Performance

The stock has a market capitalization of $5.83 billion, a P/E ratio of -22.21 and a beta of 2.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 20.42 and a current ratio of 20.55. The firm has a fifty day moving average price of $18.15 and a two-hundred day moving average price of $19.82.

D-Wave Quantum (NASDAQ:QBTS – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The business had revenue of $3.08 million during the quarter, compared to the consensus estimate of $4.03 million. D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%.The firm’s revenue was down 0.6 on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.08) earnings per share. As a group, analysts expect that D-Wave Quantum Inc. will post -0.46 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Sophie Ames sold 3,070 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $16.95, for a total value of $52,036.50. Following the transaction, the vice president directly owned 589,009 shares of the company’s stock, valued at approximately $9,983,702.55. The trade was a 0.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On D-Wave Quantum

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of D-Wave Quantum in the second quarter worth $795,206,000. Clear Street Group Inc. grew its stake in D-Wave Quantum by 40.4% during the fourth quarter. Clear Street Group Inc. now owns 4,281,254 shares of the company’s stock valued at $111,955,000 after acquiring an additional 1,232,106 shares in the last quarter. Bank of America Corp DE bought a new stake in D-Wave Quantum in the 2nd quarter valued at $104,183,000. Goldman Sachs Group Inc. increased its holdings in D-Wave Quantum by 311.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,548,013 shares of the company’s stock valued at $92,781,000 after acquiring an additional 2,685,980 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in D-Wave Quantum by 52.6% in the 2nd quarter. Van ECK Associates Corp now owns 2,339,788 shares of the company’s stock worth $56,132,000 after purchasing an additional 806,835 shares in the last quarter. Institutional investors own 42.47% of the company’s stock.

D-Wave Quantum Company Profile

(Get Free Report)

D-Wave Quantum Inc is a quantum-computing company that develops and delivers quantum systems, software and cloud-based services for commercial, government and research customers. The company focuses on quantum annealing, an approach designed to address complex optimization problems, and is also developing gate-model quantum-computing capabilities.