D-Wave quantum director West sells $2.6m in shares

Published 15/08/2025, 22:22
D-Wave quantum director West sells $2.6m in shares

Director Steven M. West of D-Wave Quantum Inc. (NYSE: QBTS), a quantum computing company with an impressive market capitalization of $5.8 billion and extraordinary 1,835% return over the past year, sold a total of 144,000 shares of common stock on August 13, 2025. The sales, executed in two separate transactions, totaled approximately $2.6 million.

The first transaction involved the sale of 119,000 shares at a price of $18.06 per share, while the second transaction saw 25,000 shares sold at a weighted average price of $18.176. The price for the second transaction ranged from $18.17 to $18.19. The company maintains strong fundamentals with an impressive 82.46% gross profit margin.

Following the transactions, West directly owns 139,018 shares, which includes 19,837 unvested restricted stock units. West also indirectly owns 24,659 shares through Emerging Company Partners LLC, an entity controlled by West. According to InvestingPro analysis, QBTS is currently trading above its Fair Value, with 14 additional key insights available to subscribers.

In other recent news, D-Wave Quantum Inc. reported its second-quarter earnings for fiscal year 2025, revealing a larger-than-anticipated loss per share. The company posted an earnings per share of -$0.08, which missed the forecasted -$0.05. However, D-Wave Quantum’s revenue reached $3.1 million, surpassing expectations of $2.59 million. In other developments, the company announced an 83% increase in bookings for its annealing quantum computing technology in the Asia Pacific region over the past year. Benchmark reiterated its Buy rating on D-Wave Quantum, citing strong momentum in technology, customer growth, and financial performance. Piper Sandler raised its price target for the company from $13.00 to $22.00, maintaining an Overweight rating. This decision was influenced by D-Wave’s slightly better-than-expected June quarter earnings and the availability of its Advantage2 system. These developments reflect the company’s ongoing progress in the quantum computing sector.

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