D-Wave Quantum Inc. $QBTS Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in shares of D-Wave Quantum Inc. (NYSE:QBTS – Free Report) by 37.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 155,532 shares of the company’s stock after selling 94,855 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in D-Wave Quantum were worth $4,074,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ancora Advisors LLC acquired a new position in shares of D-Wave Quantum during the third quarter valued at approximately $30,000. Financial Consulate Inc. acquired a new position in shares of D-Wave Quantum during the third quarter valued at approximately $31,000. Kelleher Financial Advisors acquired a new position in shares of D-Wave Quantum during the third quarter valued at approximately $40,000. Valley National Advisers Inc. raised its holdings in shares of D-Wave Quantum by 222.2% during the fourth quarter. Valley National Advisers Inc. now owns 1,595 shares of the company’s stock valued at $41,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of D-Wave Quantum by 1,754.0% during the third quarter. Larson Financial Group LLC now owns 1,854 shares of the company’s stock valued at $46,000 after acquiring an additional 1,754 shares during the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Northland Securities assumed coverage on D-Wave Quantum in a report on Monday, April 20th. They set a “market perform” rating and a $22.00 target price for the company. Benchmark reaffirmed a “buy” rating and issued a $35.00 price target on shares of D-Wave Quantum in a report on Friday, January 23rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $43.00 price target on shares of D-Wave Quantum in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of D-Wave Quantum in a report on Friday, March 27th. Finally, Wall Street Zen cut D-Wave Quantum from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Fourteen analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.53.

View Our Latest Research Report on QBTS

Insiders Place Their Bets

In related news, CFO John M. Markovich sold 10,706 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $17.63, for a total value of $188,746.78. Following the completion of the transaction, the chief financial officer directly owned 1,451,427 shares in the company, valued at approximately $25,588,658.01. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rohit Ghai sold 10,000 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $17.62, for a total value of $176,200.00. Following the completion of the transaction, the director owned 27,778 shares of the company’s stock, valued at $489,448.36. The trade was a 26.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 31,776 shares of company stock valued at $574,571. 3.20% of the stock is currently owned by insiders.

D-Wave Quantum Price Performance

NYSE:QBTS opened at $18.34 on Thursday. D-Wave Quantum Inc. has a one year low of $6.52 and a one year high of $46.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 42.25 and a current ratio of 42.38. The stock has a market cap of $6.78 billion, a PE ratio of -16.67 and a beta of 1.78. The stock has a 50 day moving average price of $17.42 and a 200 day moving average price of $23.65.

D-Wave Quantum (NYSE:QBTS – Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 58.58%. The company had revenue of $2.75 million during the quarter, compared to analyst estimates of $3.74 million. The firm’s revenue was up 21.7% compared to the same quarter last year. Equities research analysts expect that D-Wave Quantum Inc. will post -0.44 EPS for the current fiscal year.

About D-Wave Quantum

(Free Report)

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.

Featured Articles

• Five stocks we like better than D-Wave Quantum

Want to see what other hedge funds are holding QBTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D-Wave Quantum Inc. (NYSE:QBTS – Free Report).