Nguyen Diane of D-Wave Quantum sells $1.25 million in QBTS stock

Published 15/08/2025, 02:12
Nguyen Diane of D-Wave Quantum sells $1.25 million in QBTS stock

Diane Nguyen, EVP, Chief Legal Officer & GC of D-Wave Quantum Inc (NYSE:QBTS), sold 69,870 shares of common stock on August 13, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales were executed at prices ranging from $18.113 to $18.54, resulting in total proceeds of approximately $1.25 million.

Specifically, Nguyen sold 25,634 shares at a weighted average price of $18.113, and 39,010 shares at a weighted average price of $18.181. An additional 4,626 shares were sold at a weighted average price of $18.54.

On the same day, Nguyen also acquired a total of 79,841 shares of D-Wave Quantum common stock through the exercise of stock options at prices ranging from $0.91 to $2.10, for a total value of $121266. She also disposed of 2,459 shares to cover tax obligations at a price of $18.51, for a total value of $45516.

Following these transactions, Nguyen directly owns 612,173 shares of D-Wave Quantum Inc.

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, with an EPS of -$0.08 compared to the forecasted -$0.05. Despite this earnings miss, the company achieved a significant revenue beat, reporting $3.1 million in revenue against expectations of $2.59 million. Additionally, D-Wave announced an 83% increase in bookings for its annealing quantum computing technology in the Asia Pacific region over the past 12 months. Piper Sandler raised its price target for D-Wave Quantum to $22.00 from $13.00, maintaining an Overweight rating, citing the company’s better-than-expected June quarter earnings and the traction gained from its Advantage2 system. Benchmark reiterated a Buy rating with a $20.00 price target, highlighting the company’s strong momentum in technology, customer growth, and financial performance. These developments underline D-Wave’s expanding influence and leadership in the quantum computing sector.

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