US stock futures inch lower after Wall St marks fresh records on tech gains
D-Wave Quantum Inc. (NASDAQ:QBTS) Chief Financial Officer John M. Markovich sold 150,000 shares of common stock between September 10 and September 12, 2025. The sales were executed at prices ranging from $16.30 to $17.50, totaling approximately $2,505,000. The transaction comes as QBTS shares have surged over 1,550% in the past year, with the stock currently trading near its 52-week high of $20.56. According to InvestingPro data, analysts maintain a strong buy consensus on the stock, with price targets ranging from $20 to $30.
During the same period, Markovich also exercised options to acquire 150,000 shares of D-Wave Quantum common stock at a price of $0.92 per share, for a total of $138,000. The company maintains a strong financial position, with InvestingPro analysis showing a healthy current ratio of 43 and minimal debt-to-equity of 0.06.
Following these transactions, Markovich directly owns 1,599,511 shares of D-Wave Quantum Inc., which includes 812,837 shares of unvested restricted stock units. He also holds options to purchase 120,826 shares at $0.846, and 707,926 shares at $0.92. Track insider transactions and access comprehensive financial analysis with InvestingPro, featuring detailed reports on 1,400+ US stocks.
In other recent news, D-Wave Quantum Inc. reported its second-quarter earnings for fiscal year 2025, showing a wider-than-expected loss per share. The company posted an earnings per share of -$0.08, missing the forecasted -$0.05. However, D-Wave’s revenue reached $3.1 million, surpassing the expectations of $2.59 million. The company also announced an 83% increase in bookings for its annealing quantum computing technology in the Asia Pacific region over the past 12 months. In terms of analyst perspectives, Benchmark has reiterated its Buy rating on D-Wave Quantum, citing strong momentum across technology, customer, and financial fronts. Piper Sandler raised its price target for D-Wave Quantum to $22.00 from $13.00, maintaining an Overweight rating. This decision was influenced by D-Wave’s June quarter earnings, which came in slightly above expectations. The firm noted that D-Wave is benefiting from the availability of its Advantage2 system and general quantum computing traction.
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