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PALO ALTO, CA—Alan Baratz, President and CEO of D-Wave Quantum Inc. (NYSE:QBTS), recently sold a significant portion of his holdings in the company. The sale comes as QBTS trades near its 52-week high of $19.52, having delivered an impressive return of over 1,400% in the past year. According to an SEC filing, Baratz sold 845,813 shares of common stock on May 21, 2025, at a price of $17 per share, totaling approximately $14.38 million. This transaction was carried out for financial and tax planning purposes.
In addition to the sale, Baratz exercised stock options to acquire 845,813 shares at a price of $0.91 per share, resulting in a total transaction value of $769,689. Following these transactions, Baratz holds 2,866,412 shares, including 1,281,773 shares of unvested restricted stock units. InvestingPro data shows the company maintains impressive gross profit margins of 83% and holds more cash than debt on its balance sheet.
Earlier, on May 20, 2025, Baratz disposed of 19,023 shares at $13.15 each to satisfy tax withholding requirements, totaling $250,152. The transactions reflect Baratz’s strategic financial management of his holdings in D-Wave Quantum, a key player in the quantum computing industry. According to InvestingPro, which offers comprehensive analysis of over 1,400 stocks, D-Wave’s current valuation appears stretched relative to its Fair Value, with 15+ additional exclusive insights available to subscribers.
In other recent news, D-Wave Quantum Inc. announced the general availability of its Advantage2 quantum computer, a significant milestone in its technology development. This sixth-generation system boasts enhanced qubit connectivity, increased energy scale, reduced noise, and improved coherence, making it suitable for large-scale business applications. The new system is integrated with D-Wave’s Leap cloud service, supporting up to two million variables. Analysts have responded positively, with B.Riley maintaining a Buy rating and a price target of $13, while Benchmark raised its target to $14, citing advancements in operations and a strengthening revenue pipeline. The Advantage2 system has already attracted interest from organizations like Japan Tobacco (OTC:JAPAF) and Los Alamos National Laboratory. D-Wave’s CEO, Dr. Alan Baratz, highlighted the system’s ability to outperform top supercomputers in complex simulations, marking a significant achievement in quantum supremacy. The company plans to expand its fleet of quantum computers globally, with installations at Davidson Technologies and the Jülich Supercomputing Center. These developments underscore D-Wave’s progress in advancing quantum computing technology and its commercial adoption.
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