6 days Ago By Defense World Staff
Sei Investments Co. cut its position in shares of D-Wave Quantum Inc. ( NYSE:QBTS – Free Report ) by 80.
9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,158 shares of the company’s stock after selling 55,834 shares during the period. Sei Investments Co.
’s holdings in D-Wave Quantum were worth $111,000 at the end of the most recent reporting period. A number of other large investors have also modified their holdings of the company. PNC Financial Services Group Inc.
bought a new stake in D-Wave Quantum in the 4th quarter valued at $38,000. Kingsview Wealth Management LLC acquired a new stake in shares of D-Wave Quantum during the 4th quarter valued at about $84,000. Spire Wealth Management bought a new position in D-Wave Quantum during the fourth quarter worth about $90,000.
Vontobel Holding Ltd. acquired a new stake in D-Wave Quantum during the fourth quarter valued at approximately $105,000. Finally, HUB Investment Partners LLC bought a new stake in shares of D-Wave Quantum in the 4th quarter valued at approximately $105,000.
42.47% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades QBTS has been the subject of several analyst reports.
Benchmark restated a “buy” rating and set a $8.00 target price on shares of D-Wave Quantum in a research report on Friday, March 14th. Craig Hallum lifted their price objective on D-Wave Quantum from $2.
50 to $9.00 and gave the company a “buy” rating in a report on Friday, December 20th. Needham & Company LLC reiterated a “buy” rating and set a $8.
50 target price on shares of D-Wave Quantum in a research report on Wednesday, April 2nd. Roth Mkm lifted their price target on shares of D-Wave Quantum from $7.00 to $10.
00 and gave the company a “buy” rating in a report on Friday, March 14th. Finally, B. Riley upped their price objective on shares of D-Wave Quantum from $11.
00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.
com, the stock currently has an average rating of “Buy” and a consensus price target of $8.42. D-Wave Quantum Stock Performance Shares of NYSE:QBTS opened at $7.
25 on Friday. The business has a fifty day moving average of $6.90 and a 200-day moving average of $4.
93. D-Wave Quantum Inc. has a twelve month low of $0.
75 and a twelve month high of $11.95. The firm has a market cap of $2.
11 billion, a PE ratio of -17.25 and a beta of 0.88.
D-Wave Quantum ( NYSE:QBTS – Get Free Report ) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.
09) by ($0.28). The business had revenue of $2.
31 million for the quarter, compared to analysts’ expectations of $2.23 million. On average, analysts anticipate that D-Wave Quantum Inc.
will post -0.41 EPS for the current fiscal year. Insider Buying and Selling at D-Wave Quantum In other news, CFO John M.
Markovich sold 5,582 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $5.27, for a total transaction of $29,417.
14. Following the completion of the transaction, the chief financial officer now directly owns 1,064,556 shares in the company, valued at approximately $5,610,210.12.
The trade was a 0.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .
Also, CEO Alan E. Baratz sold 8,372 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $5.
27, for a total value of $44,120.44. Following the completion of the sale, the chief executive officer now directly owns 2,342,208 shares of the company’s stock, valued at approximately $12,343,436.
16. This trade represents a 0.36 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last ninety days, insiders have sold 7,292,642 shares of company stock worth $29,697,798. Insiders own 7.
22% of the company’s stock. 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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