XTX Topco Ltd Has $111,000 Position in D-Wave Quantum Inc. (NYSE:QBTS)

XTX Topco Ltd trimmed its holdings in D-Wave Quantum Inc. (NYSE:QBTS) by 20.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,016 shares of the company’s stock after selling 29,832 shares during the quarter. XTX Topco Ltd owned about 0.06% of D-Wave Quantum worth $111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp boosted its stake in D-Wave Quantum by 0.9% during the third quarter. State Street Corp now owns 2,020,977 shares of the company’s stock worth $1,986,000 after acquiring an additional 17,225 shares in the last quarter. Instrumental Wealth LLC grew its stake in shares of D-Wave Quantum by 85.9% in the 2nd quarter. Instrumental Wealth LLC now owns 54,240 shares of the company’s stock valued at $62,000 after buying an additional 25,067 shares during the period. Thoroughbred Financial Services LLC bought a new stake in D-Wave Quantum in the 2nd quarter valued at about $45,000. SG Americas Securities LLC acquired a new position in D-Wave Quantum during the 3rd quarter worth approximately $42,000. Finally, Bogart Wealth LLC bought a new position in D-Wave Quantum in the third quarter worth approximately $49,000. Institutional investors own 42.47% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Sector Pension Investme Public sold 643,866 shares of D-Wave Quantum stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $4.87, for a total transaction of $3,135,627.42. Following the sale, the insider now directly owns 18,730,193 shares in the company, valued at $91,216,039.91. The trade was a 3.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.22% of the company’s stock.

D-Wave Quantum Price Performance

QBTS opened at $6.44 on Friday. D-Wave Quantum Inc. has a fifty-two week low of $0.68 and a fifty-two week high of $10.50. The company’s 50-day moving average is $2.64 and its 200 day moving average is $1.59. The firm has a market capitalization of $1.44 billion, a P/E ratio of -15.33 and a beta of 1.79.

Analyst Upgrades and Downgrades

QBTS has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $2.25 target price on shares of D-Wave Quantum in a research report on Friday, November 15th. Benchmark upped their price objective on shares of D-Wave Quantum from $3.00 to $8.00 and gave the stock a “buy” rating in a report on Friday. Craig Hallum lifted their price objective on shares of D-Wave Quantum from $2.50 to $9.00 and gave the company a “buy” rating in a report on Friday. B. Riley upped their target price on shares of D-Wave Quantum from $3.75 to $4.50 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Roth Mkm lifted their price target on D-Wave Quantum from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, D-Wave Quantum currently has a consensus rating of “Buy” and a consensus target price of $5.63.

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.