27,193 Shares in D-Wave Quantum Inc. (NYSE:QBTS) Bought by Veracity Capital LLC

Veracity Capital LLC bought a new position in shares of D-Wave Quantum Inc. (NYSE:QBTS) in the 4th quarter, HoldingsChannel.com reports. The firm bought 27,193 shares of the company’s stock, valued at approximately $228,000.

Other institutional investors have also added to or reduced their stakes in the company. Traynor Capital Management Inc. bought a new stake in shares of D-Wave Quantum during the 4th quarter valued at about $219,000. Arkadios Wealth Advisors purchased a new stake in D-Wave Quantum in the fourth quarter valued at approximately $162,000. Sovereign Financial Group Inc. purchased a new stake in D-Wave Quantum in the fourth quarter valued at approximately $179,000. Silverleafe Capital Partners LLC bought a new stake in D-Wave Quantum during the fourth quarter valued at approximately $820,000. Finally, Barclays PLC grew its stake in D-Wave Quantum by 298.3% in the 3rd quarter. Barclays PLC now owns 120,029 shares of the company’s stock worth $117,000 after buying an additional 89,894 shares in the last quarter. 42.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Benchmark reaffirmed a “buy” rating and set a $8.00 price objective on shares of D-Wave Quantum in a report on Tuesday, January 14th. B. Riley lifted their price target on D-Wave Quantum from $4.50 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Craig Hallum increased their price objective on D-Wave Quantum from $2.50 to $9.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Roth Mkm boosted their target price on D-Wave Quantum from $3.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $2.25 price target on shares of D-Wave Quantum in a research report on Friday, November 15th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, D-Wave Quantum has a consensus rating of “Buy” and an average target price of $6.38.

D-Wave Quantum Price Performance

NYSE QBTS opened at $6.10 on Friday. D-Wave Quantum Inc. has a 1-year low of $0.71 and a 1-year high of $11.41. The stock has a 50-day moving average of $5.56 and a 200-day moving average of $2.62.

Insiders Place Their Bets

In other D-Wave Quantum news, major shareholder Sector Pension Investme Public sold 643,866 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $4.87, for a total transaction of $3,135,627.42. Following the completion of the sale, the insider now owns 18,730,193 shares of the company’s stock, valued at $91,216,039.91. This represents a 3.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 20,138,711 shares of company stock valued at $92,022,537 in the last ninety days. Company insiders own 7.22% of the company’s stock.

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.