QBTS rises as quantum policy tailwinds add to D-Wave momentum

D-Wave Quantum (QBTS) is up 7.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a broader rally in quantum-computing stocks after new U.S. executive actions aimed at accelerating quantum development. Investors also appear to be leaning on D-Wave’s own recent technology updates and earlier signs of commercial traction, which have kept the stock tied closely to sector sentiment.

Details:

U.S. policy news on June 23 highlighted a push to speed quantum-computing development, which likely lifted sentiment across the group and benefited QBTS.

D-Wave announced on June 18 a forthcoming gate-model quantum simulator for error-aware programming, with customer access scheduled to begin in September 2026.

Earlier this month, D-Wave outlined a gate-model roadmap targeting 100 logical qubits by 2032, giving investors a clearer long-term product narrative.

In its latest quarterly release, D-Wave disclosed record bookings of $33.4 million and a cash and marketable securities balance of about $588 million, reinforcing the company’s ability to fund its roadmap.

Sources:

D-Wave, SEC, Semafor

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 insiders have traded $QBTS stock on the open market 22 times in the past 6 months. Of those trades, 0 have been purchases and 22 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 2 sales selling 722,640 shares for an estimated $18,950,238.
JOHN M. MARKOVICH (Chief Financial Officer) has made 0 purchases and 9 sales selling 648,637 shares for an estimated $17,232,141.
DIANE NGUYEN (EVP, Chief Legal Officer & GC) has made 0 purchases and 5 sales selling 68,502 shares for an estimated $1,777,836.
ROHIT GHAI has made 0 purchases and 2 sales selling 23,518 shares for an estimated $533,222.
SOPHIE C AMES (Exec. Vice President & CHRO) has made 0 purchases and 2 sales selling 26,095 shares for an estimated $502,482.
JOHN D DILULLO has made 0 purchases and 2 sales selling 15,850 shares for an estimated $335,906.

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

$QBTS Hedge Fund Activity

We have seen 252 institutional investors add shares of $QBTS stock to their portfolio, and 301 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
MAREX GROUP PLC removed 3,599,466 shares (-78.4%) from their portfolio in Q1 2026, for an estimated $51,940,294
HRT FINANCIAL LP added 3,359,551 shares (+inf%) to their portfolio in Q1 2026, for an estimated $48,478,320
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 3,192,837 shares (-99.9%) from their portfolio in Q1 2026, for an estimated $46,072,637
DRIEHAUS CAPITAL MANAGEMENT LLC removed 2,443,818 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $63,905,840
JANE STREET GROUP, LLC added 2,369,236 shares (+18135.6%) to their portfolio in Q1 2026, for an estimated $34,188,075
VOLORIDGE INVESTMENT MANAGEMENT, LLC added 2,124,315 shares (+inf%) to their portfolio in Q1 2026, for an estimated $30,653,865

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

$QBTS Analyst Ratings

Wall Street analysts have issued reports on $QBTS in the last several months. We have seen 2 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
Rosenblatt issued a "Buy" rating on 01/28/2026

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

$QBTS Price Targets

Multiple analysts have issued price targets for $QBTS recently. We have seen 9 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 Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.