<div id="readability-page-1"><p>D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report) CEO Alan E. Baratz sold 845,813 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $17.00, for a total value of $14,378,821.00. Following the completion of the transaction, the chief executive officer now owns 2,866,412 shares of the company's stock, valued at approximately $48,729,004. This trade represents a 22.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.</p><div><p><span></span><span>Get <strong>D-Wave Quantum</strong> alerts:</span></p></div><h2>D-Wave Quantum Stock Up 24.2%</h2><ul><li>Quantum Quandary: Is D-Wave a Calculated Play or Leap of Faith?</li></ul><p>Shares of NYSE QBTS traded up $3.71 during midday trading on Thursday, reaching $19.07. 240,821,781 shares of the stock were exchanged, compared to its average volume of 41,712,270. The firm has a 50-day simple moving average of $8.44 and a two-hundred day simple moving average of $6.41. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of -45.40 and a beta of 0.90. D-Wave Quantum Inc. has a twelve month low of $0.75 and a twelve month high of $19.67. </p><p>D-Wave Quantum (NYSE:QBTS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.03. The business had revenue of $15.00 million during the quarter, compared to analyst estimates of $10.50 million.  Research analysts expect that  D-Wave Quantum Inc. will post -0.41 EPS for the current fiscal year. </p><h2>Analysts Set New Price Targets</h2><ul><li>How Does D-Wave Stack Up Against Quantum Competitors?</li></ul><p>A number of analysts recently commented on QBTS shares. Roth Mkm upped their price objective on D-Wave Quantum from $7.00 to $10.00 and gave the company a &#34;buy&#34; rating in a research report on Friday, March 14th. Needham &amp; Company LLC lifted their price target on shares of D-Wave Quantum from $8.50 to $13.00 and gave the company a &#34;buy&#34; rating in a report on Friday, May 9th. Benchmark lifted their price objective on shares of D-Wave Quantum from $8.00 to $14.00 and gave the stock a &#34;buy&#34; rating in a research note on Monday, May 12th. Finally, B. Riley increased their price target on D-Wave Quantum from $11.00 to $12.00 and gave the company a &#34;buy&#34; rating in a report on Friday, March 14th. Six research analysts have rated the stock with a buy rating,  According to MarketBeat.com, the company  has an average rating of &#34;Buy&#34; and a consensus price target of $10.17.</p><p><b>View Our Latest Research Report on QBTS</b></p><h2>Institutional Inflows and Outflows</h2><ul><li>MarketBeat Week in Review – 05/12 - 05/16</li></ul><p>Several large investors have recently modified their holdings of QBTS. Fourth Dimension Wealth LLC purchased a new stake in shares of  D-Wave Quantum in the fourth quarter valued at approximately $26,000.  PNC Financial Services Group Inc. acquired a new position in  D-Wave Quantum in the fourth quarter valued at $38,000.  Russell Investments Group Ltd. increased its position in  D-Wave Quantum by 133.9% during the first quarter. Russell Investments Group Ltd. now owns 5,528 shares of the company's stock worth $42,000 after purchasing an additional 3,165 shares during the last quarter.  Signaturefd LLC increased its position in  D-Wave Quantum by 106.1% during the 1st quarter. Signaturefd LLC now owns 5,771 shares of the company's stock worth $44,000 after purchasing an additional 2,971 shares in the last quarter.  Finally, Amalgamated Bank boosted its position in shares of  D-Wave Quantum by 107.8% in the first quarter. Amalgamated Bank now owns 6,296 shares of the company's stock worth $48,000 after buying an additional 3,266 shares during the period. Institutional investors and hedge funds own  42.47% of the company's stock. </p><h2>D-Wave Quantum Company Profile</h2> (Get Free Report)<p>D-Wave Quantum Inc develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.</p><h2>Read More</h2><ul><li>Five stocks we like better than D-Wave Quantum</li><li>Best ESG Stocks: 11 Best Stocks for ESG Investing</li><li>Turbulence for Joby Shares: What's Behind the Recent Dip?</li><li>What Does a Gap Up Mean in Stocks? How to Play the Gap</li><li>Why Carnival Could Be the Ultimate Non-Tech Growth Stock</li><li>Health Care Stocks Explained: Why You Might Want to Invest</li><li>Super Micro Computer Stock Clears New Path Higher on Saudi Orders</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVFCVFM?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVFCVFM"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in D-Wave Quantum Right Now?</h2><p>Before you consider D-Wave Quantum, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and D-Wave Quantum wasn't on the list.</p><p>While D-Wave Quantum currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

QBTS

<p>D-Wave Quantum Inc. CEO Alan E. Baratz sold 845,813 shares at $17.00 each, totaling $14,378,821, reducing his stake by 22.78%. Post-sale, he holds 2,866,412 shares valued at approximately $48.7 million. The transaction was disclosed to the SEC. D-Wave's stock rose 24.2% to $19.07, with analysts maintaining a "buy" rating and raising price targets, reflecting positive sentiment in the market.</p>

D-Wave Quantum Inc. (NYSE:QBTS) CEO Alan E. Baratz Sells 845,813 Shares