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D-Wave Quantum Falls as Quantum Stocks Weaken on Sector Pressure

Investivoq PriceTracker

D-Wave Quantum (QBTS) is down 5.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a broader selloff across quantum-computing stocks rather than company-specific bad news from D-Wave itself. Investors seemed to turn cautious after a large all-stock acquisition announced by a sector peer raised fresh dilution and valuation concerns across the group, which could be pulling QBTS lower in sympathy.

Details:

  • Another publicly traded quantum company traded sharply lower after unveiling a roughly $1.3 billion all-stock acquisition, and other pure-play quantum names fell alongside it during the same session.
  • D-Wave had disclosed a product milestone on October 1, 2026, launching a beta program for its gate-model quantum computing simulator, so today’s decline does not appear tied to a negative company filing or operational setback.
  • QBTS also remains a highly shorted stock, with short interest around 19% of float based on the latest published data, which can amplify downside moves when sentiment turns against speculative growth shares.
  • This could also be because investors are reassessing funding needs and rich valuations across early-stage quantum companies, especially when broader risk appetite weakens.

    • Sources:

    SEC, MarketBeat, TipRanks

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $QBTS Insider Trading Activity

    QBTS Insider Trades

    $QBTS insiders have traded $QBTS stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.

    Here’s a breakdown of recent trading of $QBTS stock by insiders over the last 6 months:

    • ALAN E BARATZ (President & CEO) sold 687,627 shares for an estimated $17,967,693
    • JOHN M. MARKOVICH (Chief Financial Officer) has made 0 purchases and 7 sales selling 628,752 shares for an estimated $16,785,833.
    • DIANE NGUYEN (EVP, Chief Legal Officer & GC) sold 40,000 shares for an estimated $1,000,560
    • SOPHIE C AMES (Exec. Vice President & CHRO) has made 0 purchases and 3 sales selling 29,165 shares for an estimated $554,524.
    • ROHIT GHAI sold 13,518 shares for an estimated $357,054
    • JOHN D DILULLO has made 0 purchases and 2 sales selling 8,950 shares for an estimated $211,609.

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $QBTS Hedge Fund Activity

    We have seen 340 institutional investors add shares of $QBTS stock to their portfolio, and 171 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • NORGES BANK added 4,318,454 shares (+2715.9%) to their portfolio in Q2 2026, for an estimated $103,599,711
    • HRT FINANCIAL LP removed 3,359,551 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $80,595,628
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 3,284,474 shares (+inf%) to their portfolio in Q2 2026, for an estimated $78,794,531
    • BLACKROCK, INC. added 2,993,471 shares (+9.9%) to their portfolio in Q2 2026, for an estimated $71,813,369
    • JPMORGAN CHASE & CO added 2,744,938 shares (+inf%) to their portfolio in Q2 2026, for an estimated $65,851,062
    • DEFIANCE ETFS, LLC added 2,570,193 shares (+751.8%) to their portfolio in Q2 2026, for an estimated $61,658,930
    • JANE STREET GROUP, LLC removed 2,368,927 shares (-99.4%) from their portfolio in Q2 2026, for an estimated $56,830,558

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $QBTS Analyst Ratings

    Wall Street analysts have issued reports on $QBTS in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Needham issued a "Buy" rating on 05/13/2026

    To track analyst ratings and price targets for $QBTS, check out Investivoq's $QBTS forecast page.

    $QBTS Price Targets

    Multiple analysts have issued price targets for $QBTS recently. We have seen 7 analysts offer price targets for $QBTS in the last 6 months, with a median target of $40.0.

    Here are some recent targets:

    • Vijay Rakesh from Mizuho set a target price of $35.0 on 06/15/2026
    • John McPeake from Rosenblatt set a target price of $43.0 on 06/11/2026
    • N. Quinn Bolton from Needham set a target price of $40.0 on 06/02/2026
    • Craig Ellis from B. Riley Securities set a target price of $40.0 on 06/02/2026
    • Suji Desilva from Roth Capital set a target price of $40.0 on 06/02/2026
    • Troy Jensen from Cantor Fitzgerald set a target price of $40.0 on 05/13/2026
    • Kingsley Crane from Canaccord Genuity set a target price of $41.0 on 05/13/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.