14,580 Shares in D-Wave Quantum Inc. (NYSE:QBTS) Acquired by Bravias Capital Group LLC

Bravias Capital Group LLC acquired a new stake in D-Wave Quantum Inc. (NYSE:QBTS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,580 shares of the company’s stock, valued at approximately $122,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Penserra Capital Management LLC grew its holdings in D-Wave Quantum by 23.0% in the third quarter. Penserra Capital Management LLC now owns 4,485,777 shares of the company’s stock valued at $4,409,000 after purchasing an additional 839,942 shares during the last quarter. State Street Corp boosted its position in shares of D-Wave Quantum by 0.9% in the 3rd quarter. State Street Corp now owns 2,020,977 shares of the company’s stock worth $1,986,000 after buying an additional 17,225 shares in the last quarter. Barclays PLC grew its stake in D-Wave Quantum by 298.3% in the 3rd quarter. Barclays PLC now owns 120,029 shares of the company’s stock valued at $117,000 after acquiring an additional 89,894 shares during the last quarter. Geode Capital Management LLC increased its holdings in D-Wave Quantum by 33.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,555,927 shares of the company’s stock valued at $2,513,000 after acquiring an additional 645,039 shares in the last quarter. Finally, Silverleafe Capital Partners LLC acquired a new position in D-Wave Quantum during the fourth quarter worth about $820,000. 42.47% of the stock is owned by institutional investors and hedge funds.

D-Wave Quantum Stock Down 1.3 %

QBTS stock opened at $5.49 on Monday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -13.07 and a beta of 1.10. D-Wave Quantum Inc. has a 52-week low of $0.75 and a 52-week high of $11.41. The stock’s fifty day simple moving average is $6.66 and its 200-day simple moving average is $3.56.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. B. Riley increased their price target on shares of D-Wave Quantum from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Roth Mkm increased their target price on D-Wave Quantum from $3.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Benchmark reissued a “buy” rating and issued a $8.00 price target on shares of D-Wave Quantum in a report on Tuesday, January 14th. Craig Hallum increased their price objective on D-Wave Quantum from $2.50 to $9.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $2.25 price objective on shares of D-Wave Quantum in a research report on Friday, November 15th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $6.71.

Insiders Place Their Bets

In related news, CEO Alan E. Baratz sold 8,372 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $5.27, for a total value of $44,120.44. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John M. Markovich sold 5,582 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $5.27, for a total transaction of $29,417.14. Following the completion of the sale, the chief financial officer now owns 1,064,556 shares of the company’s stock, valued at approximately $5,610,210.12. The trade was a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,152,665 shares of company stock valued at $92,096,075. Insiders own 7.22% of the company’s stock.

About D-Wave Quantum

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.