2 weeks Ago By Defense World Staff
Rhumbline Advisers purchased a new stake in D-Wave Quantum Inc. ( NYSE:QBTS – Free Report ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 81,152 shares of the company’s stock, valued at approximately $93,000.
A number of other hedge funds have also recently made changes to their positions in QBTS. Instrumental Wealth LLC boosted its stake in D-Wave Quantum by 85.9% in the second quarter.
Instrumental Wealth LLC now owns 54,240 shares of the company’s stock worth $62,000 after buying an additional 25,067 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of D-Wave Quantum in the second quarter worth about $251,000. Baader Bank Aktiengesellschaft bought a new stake in shares of D-Wave Quantum in the 2nd quarter valued at about $28,000.
Virtu Financial LLC boosted its holdings in D-Wave Quantum by 217.0% during the 1st quarter. Virtu Financial LLC now owns 124,689 shares of the company’s stock valued at $254,000 after acquiring an additional 85,351 shares during the period.
Finally, Carroll Investors Inc grew its position in D-Wave Quantum by 44.7% during the 1st quarter. Carroll Investors Inc now owns 30,485 shares of the company’s stock worth $62,000 after acquiring an additional 9,415 shares during the last quarter.
42.47% of the stock is currently owned by hedge funds and other institutional investors. D-Wave Quantum Price Performance Shares of QBTS opened at $0.
97 on Tuesday. The company has a 50-day simple moving average of $0.96 and a two-hundred day simple moving average of $1.
27. The firm has a market capitalization of $196.11 million, a PE ratio of -1.
84 and a beta of 0.98. D-Wave Quantum Inc.
has a one year low of $0.57 and a one year high of $2.44.
Analyst Upgrades and Downgrades A number of research firms recently commented on QBTS. Needham & Company LLC lowered their price target on shares of D-Wave Quantum from $2.50 to $2.
25 and set a “buy” rating for the company in a report on Friday, August 9th. B. Riley started coverage on shares of D-Wave Quantum in a report on Thursday, July 25th.
They set a “buy” rating and a $3.00 target price for the company. Westpark Capital restated a “buy” rating and set a $3.
00 price target on shares of D-Wave Quantum in a report on Friday, August 9th. Benchmark lowered their price target on D-Wave Quantum from $4.00 to $3.
00 and set a “buy” rating for the company in a research report on Monday, August 12th. Finally, Roth Mkm cut their price objective on D-Wave Quantum from $3.00 to $2.
00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $2.
54. Check Out Our Latest Stock Report on D-Wave Quantum D-Wave Quantum Company Profile ( Free Report ) 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.
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