D-Wave Quantum (QBTS) Stock: Insiders Sell as Stock Trades Near 52-Week High

TLDR

Table of Contents

D-Wave Quantum Director Roger Biscay sold 112,196 shares worth $1.98 million on May 21-22, 2025
Chairman Steven West sold 311,973 shares worth $5.15 million at $16.504 per share on May 21
Stock traded at $18.76 on Friday, down $0.29, with volume of 148 million shares vs average 42 million
Company beat Q1 earnings expectations with -$0.02 EPS vs -$0.05 forecast and $15M revenue vs $10.5M estimate
Six analysts maintain Buy ratings with consensus price target of $10.17, though stock trades well above targets

D-Wave Quantum insiders have been active sellers in recent days. Two key executives offloaded more than $7 million worth of shares as the quantum computing stock continues trading near its 52-week high.

Director Roger Biscay sold a total of 112,196 shares across two separate transactions. On May 21, he sold 15,675 shares at an average price of $16.58 per share for $259,891.50.

The following day, Biscay sold an additional 96,521 shares at $17.86 per share. This larger transaction netted $1.72 million.

After these sales, Biscay now owns 106,626 shares of D-Wave Quantum stock. The transactions represented a 7.16% decrease in his total holdings.

$QBTS Insider selling in millions pic.twitter.com/VtKWDmVgrw
— Kaydence Carson (@izrbn51862584) May 22, 2025

Chairman Steven West also participated in the insider selling activity. West sold 311,973 shares on May 21 at a weighted average price of $16.504 per share.

This transaction was worth approximately $5.15 million. Despite the large sale, West still maintains a substantial position in the company.

He holds 236,322 shares directly and an additional 24,659 shares indirectly. The combined insider selling totaled $7.13 million across both executives.

Stock Performance Shows Volatility

D-Wave Quantum shares closed Friday at $18.76, down $0.29 from the previous session. The stock has experienced extreme volatility over the past year.

The 52-week trading range spans from a low of $0.75 to a high of $19.77. Friday’s close puts the stock near the upper end of this range.

Trading volume was exceptionally high on Friday. The stock saw 148.4 million shares change hands compared to its average daily volume of 42.5 million shares.

The company carries a market capitalization of $5.46 billion. Its price-to-earnings ratio stands at -44.65, reflecting the company’s current unprofitability.

Technical indicators show momentum in the stock. The 50-day moving average sits at $8.76, while the 200-day moving average is $6.70.

Earnings Beat Expectations

D-Wave Quantum reported first-quarter earnings on May 8 that exceeded analyst expectations. The company posted a loss of $0.02 per share, beating the consensus estimate of -$0.05.

Revenue also surpassed forecasts, coming in at $15 million versus the expected $10.5 million. This represented strong top-line growth for the quantum computing company.

For the full year, analysts predict D-Wave will post an earnings per share loss of $0.41. The company continues to invest heavily in research and development.

Wall Street analysts remain bullish on the stock despite the recent insider selling. Six research firms currently rate D-Wave Quantum as a Buy.

Benchmark raised its price target from $8 to $14 following the earnings report. Needham increased its target from $8.50 to $13.

B. Riley and Roth MKM have also raised their price objectives in recent months. The consensus analyst price target stands at $10.17.

This target represents a discount to current trading levels. The stock has gained 206.2% over the past three months.

Institutional investors have been adding to their positions. Russell Investments boosted its stake by 133.9% in the first quarter.

The recent insider selling occurred as D-Wave launched its Advantage2 quantum computer system. This new product offers improvements in performance, connectivity, and energy efficiency compared to previous generations.

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