D-WAVE QUANTUM ($QBTS) posted quarterly earnings results for Q4 2025 on Thursday, February 26th. The company reported earnings of -$0.12 per share, missing estimates of -$0.07 by $0.05. The company also reported revenue of $2,750,000, missing estimates of $3,842,197 by $-1,092,197.
You can see Quiver Quantitative's $QBTS stock page to track data on insider trading, hedge fund activity, congressional trading, and more.
D-WAVE QUANTUM Insider Trading Activity
D-WAVE QUANTUM insiders have traded $QBTS stock on the open market 29 times in the past 6 months. Of those trades, 1 have been purchases and 28 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) has made 0 purchases and 5 sales selling 1,834,484 shares for an estimated $53,439,914.
- JOHN M. MARKOVICH (Chief Financial Officer) has made 0 purchases and 11 sales selling 776,795 shares for an estimated $18,512,637.
- DIANE NGUYEN (EVP, Chief Legal Officer & GC) has made 0 purchases and 7 sales selling 72,333 shares for an estimated $2,247,229.
- ROHIT GHAI has made 0 purchases and 2 sales selling 20,000 shares for an estimated $422,161.
- JOHN D DILULLO has made 0 purchases and 2 sales selling 16,000 shares for an estimated $362,321.
- KIRSTJEN NIELSEN sold 7,000 shares for an estimated $158,340
- STEVEN M WEST purchased 82 shares for an estimated $1,794
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
D-WAVE QUANTUM Hedge Fund Activity
We have seen 286 institutional investors add shares of D-WAVE QUANTUM stock to their portfolio, and 243 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- D. E. SHAW & CO., INC. removed 13,555,579 shares (-99.3%) from their portfolio in Q4 2025, for an estimated $354,478,390
- MORGAN STANLEY removed 3,789,768 shares (-59.8%) from their portfolio in Q4 2025, for an estimated $99,102,433
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added 3,192,533 shares (+136842.4%) to their portfolio in Q4 2025, for an estimated $83,484,737
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 3,099,209 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $76,581,454
- PRICE T ROWE ASSOCIATES INC /MD/ removed 3,037,038 shares (-66.3%) from their portfolio in Q4 2025, for an estimated $79,418,543
- GOLDMAN SACHS GROUP INC added 2,685,980 shares (+311.6%) to their portfolio in Q4 2025, for an estimated $70,238,377
- DRIEHAUS CAPITAL MANAGEMENT LLC removed 2,443,818 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $63,905,840
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
D-WAVE QUANTUM Analyst Ratings
Wall Street analysts have issued reports on $QBTS in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Rosenblatt issued a "Buy" rating on 01/28/2026
- Wedbush issued a "Outperform" rating on 12/17/2025
- Mizuho issued a "Outperform" rating on 12/11/2025
- Benchmark issued a "Buy" rating on 11/10/2025
- Cantor Fitzgerald issued a "Overweight" rating on 11/07/2025
- Canaccord Genuity issued a "Buy" rating on 11/07/2025
To track analyst ratings and price targets for D-WAVE QUANTUM, check out Quiver Quantitative's $QBTS forecast page.
D-WAVE QUANTUM Price Targets
Multiple analysts have issued price targets for $QBTS recently. We have seen 10 analysts offer price targets for $QBTS in the last 6 months, with a median target of $42.0.
Here are some recent targets:
- N. Quinn Bolton from Needham set a target price of $48.0 on 01/29/2026
- John McPeake from Rosenblatt set a target price of $43.0 on 01/28/2026
- David Williams from Benchmark set a target price of $35.0 on 01/23/2026
- Antoine Legault from Wedbush set a target price of $35.0 on 12/17/2025
- Kevin Garrigan from Jefferies set a target price of $45.0 on 12/16/2025
- Vijay Rakesh from Mizuho set a target price of $46.0 on 12/11/2025
- Mark Lipacis from Evercore ISI Group set a target price of $44.0 on 12/03/2025
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
