Earnings Report Reaction: D-Wave Quantum Inc. (QBTS) has been a focal point on X following its recent Q3 2025 earnings report. Despite nearly doubling revenue year-over-year and posting a smaller-than-expected loss, the stock experienced a price dip. Discussions on the platform reflect a split, with some highlighting the growth as a positive sign, while others question the sustainability.
Technology and Contracts Buzz: Recent posts on X also spotlight D-Wave’s advancements, including a €10 million European deal and rumored U.S. government funding. Many users express excitement over the company’s quantum computing innovations, especially in police response optimization. However, skepticism persists, with some debating the practical impact of their technology.
Warrants and Insider Activity: The redemption of public warrants and a recent insider sale have sparked fresh chatter on X. Some see the warrant redemption as a potential catalyst for price recovery, while the insider sale raises eyebrows among cautious investors. The mix of optimism and doubt keeps the conversation lively.
Note: This discussion summary was generated from an AI condensation of post data.
D-Wave Quantum Inc. Insider Trading Activity
D-Wave Quantum Inc. 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 3 sales selling 1,005,759 shares for an estimated $28,544,255.
- JOHN M. MARKOVICH (Chief Financial Officer) has made 0 purchases and 6 sales selling 356,054 shares for an estimated $6,927,166.
- DIANE NGUYEN (EVP, Chief Legal Officer & GC) has made 0 purchases and 8 sales selling 198,662 shares for an estimated $4,318,652.
- STEVEN M WEST has made 1 purchase buying 82 shares for an estimated $1,794 and 2 sales selling 144,000 shares for an estimated $2,603,540.
- ROGER BISCAY sold 106,626 shares for an estimated $1,796,328
- KIRSTJEN NIELSEN has made 0 purchases and 2 sales selling 71,644 shares for an estimated $1,159,373.
- JOHN D DILULLO has made 0 purchases and 4 sales selling 65,000 shares for an estimated $1,046,234.
- ROHIT GHAI has made 0 purchases and 2 sales selling 53,517 shares for an estimated $910,623.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
D-Wave Quantum Inc. Hedge Fund Activity
We have seen 312 institutional investors add shares of D-Wave Quantum Inc. stock to their portfolio, and 147 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VANGUARD GROUP INC added 11,218,255 shares (+41.2%) to their portfolio in Q3 2025, for an estimated $277,203,081
- UBS GROUP AG added 10,205,427 shares (+541.6%) to their portfolio in Q3 2025, for an estimated $252,176,101
- BANK OF AMERICA CORP /DE/ removed 9,325,387 shares (-63.3%) from their portfolio in Q3 2025, for an estimated $230,430,312
- PRICE T ROWE ASSOCIATES INC /MD/ added 3,745,315 shares (+448.3%) to their portfolio in Q3 2025, for an estimated $92,546,733
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 3,099,209 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $76,581,454
- BLACKROCK, INC. added 2,975,256 shares (+12.8%) to their portfolio in Q3 2025, for an estimated $73,518,575
- MAREX GROUP PLC removed 2,843,135 shares (-52.0%) from their portfolio in Q3 2025, for an estimated $70,253,865
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
D-Wave Quantum Inc. Analyst Ratings
Wall Street analysts have issued reports on $QBTS in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Benchmark issued a "Buy" rating on 11/10/2025
- Rosenblatt issued a "Buy" rating on 11/07/2025
- Canaccord Genuity issued a "Buy" rating on 11/07/2025
- Cantor Fitzgerald issued a "Overweight" rating on 11/07/2025
- Piper Sandler issued a "Overweight" rating on 08/08/2025
- Stifel issued a "Buy" rating on 08/05/2025
- B. Riley Securities issued a "Buy" rating on 07/23/2025
To track analyst ratings and price targets for D-Wave Quantum Inc., check out Quiver Quantitative's $QBTS forecast page.
D-Wave Quantum Inc. Price Targets
Multiple analysts have issued price targets for $QBTS recently. We have seen 8 analysts offer price targets for $QBTS in the last 6 months, with a median target of $34.0.
Here are some recent targets:
- David Williams from Benchmark set a target price of $35.0 on 11/10/2025
- Troy Jensen from Cantor Fitzgerald set a target price of $40.0 on 11/07/2025
- Kingsley Crane from Canaccord Genuity set a target price of $41.0 on 11/07/2025
- John McPeake from Rosenblatt set a target price of $40.0 on 11/07/2025
- Craig Ellis from B. Riley Securities set a target price of $33.0 on 09/22/2025
- Harsh Kumar from Piper Sandler set a target price of $13.0 on 08/08/2025
- Ruben Roy from Stifel set a target price of $26.0 on 08/05/2025
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.
