Missile defense collaboration: Social media has lit up with praise for D-Wave Quantum's partnership with Anduril and Davidson Technologies, showcased at Qubits 2026, where their hybrid quantum solver delivered 10 times faster results in missile defense simulations compared to classical methods. The trial demonstrated 9% to 12% better threat mitigation, enabling interception of 45 to 60 additional missiles in a 500-missile scenario, fueling talks of quantum's national security edge.
Commercial deals surge: Buzz intensifies around landmark agreements, including a $20 million sale of an Advantage2 quantum computer to Florida Atlantic University and a $10 million two-year Quantum Computing as a Service contract with a Fortune 100 company. These pacts signal robust revenue acceleration and D-Wave's dual annealing-gate model gaining traction across enterprises and academia.
Analyst and sector optimism: Quantum stocks like QBTS are compressing tightly, hinting at impending breakouts, with unanimous buy ratings from analysts projecting substantial upside. Though some note technical breakdowns, the narrative centers on D-Wave's leadership in optimization and defense applications amid growing government interest.
Note: This discussion summary was generated from an AI condensation of post data.
D-Wave Quantum Insider Trading Activity
D-Wave Quantum insiders have traded $QBTS stock on the open market 33 times in the past 6 months. Of those trades, 1 have been purchases and 32 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 9 sales selling 140,152 shares for an estimated $3,477,874.
- 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.
- 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
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
D-Wave Quantum Revenue
D-Wave Quantum had revenues of $3.7M in Q3 2025. This is an increase of 99.95% from the same period in the prior year.
You can track QBTS financials on Quiver Quantitative's QBTS stock page.
D-Wave Quantum Hedge Fund Activity
We have seen 294 institutional investors add shares of D-Wave Quantum stock to their portfolio, and 192 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- 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
- 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
- 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
- GOLDMAN SACHS GROUP INC added 2,685,980 shares (+311.6%) to their portfolio in Q4 2025, for an estimated $70,238,377
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.
