1 week Ago By Defense World Staff
Bank of Montreal Can acquired a new stake in shares of D-Wave Quantum Inc. (NYSE:QBTS – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,242 shares of the company’s stock, valued at approximately $111,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Envestnet Asset Management Inc. bought a new stake in D-Wave Quantum in the fourth quarter worth $264,000.
Arete Wealth Advisors LLC lifted its holdings in shares of D-Wave Quantum by 1,300.0% in the 4th quarter. Arete Wealth Advisors LLC now owns 227,798 shares of the company’s stock worth $1,913,000 after acquiring an additional 211,527 shares during the last quarter.
Geode Capital Management LLC boosted its stake in shares of D-Wave Quantum by 16.4% during the 4th quarter. Geode Capital Management LLC now owns 2,974,395 shares of the company’s stock worth $24,992,000 after purchasing an additional 418,468 shares during the period.
Hall Kathryn A. bought a new position in D-Wave Quantum during the 4th quarter valued at about $329,000. Finally, Blair William & Co.
IL grew its holdings in D-Wave Quantum by 29.9% during the 4th quarter. Blair William & Co.
IL now owns 27,935 shares of the company’s stock valued at $235,000 after purchasing an additional 6,435 shares during the last quarter. 42.47% of the stock is owned by hedge funds and other institutional investors.
D-Wave Quantum Trading Up 2.4 %Shares of D-Wave Quantum stock opened at $7.53 on Friday.
The stock’s fifty day moving average price is $7.04 and its 200-day moving average price is $5.33.
The firm has a market cap of $2.19 billion, a P/E ratio of -17.93 and a beta of 0.
88. D-Wave Quantum Inc. has a 12 month low of $0.
75 and a 12 month high of $11.95. D-Wave Quantum (NYSE:QBTS – Get Free Report) last posted its earnings results on Thursday, March 13th.
The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.
28). The business had revenue of $2.31 million for the quarter, compared to analyst estimates of $2.
23 million. Analysts forecast that D-Wave Quantum Inc. will post -0.
41 earnings per share for the current year. Wall Street Analyst Weigh InSeveral brokerages have recently weighed in on QBTS. B.
Riley increased their price target on D-Wave Quantum from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, March 14th.
Benchmark reiterated a “buy” rating and issued a $8.00 target price on shares of D-Wave Quantum in a research note on Friday, March 14th. Needham & Company LLC reiterated a “buy” rating and set a $8.
50 target price on shares of D-Wave Quantum in a research report on Wednesday, April 2nd. Finally, Roth Mkm upped their price target on shares of D-Wave Quantum from $7.00 to $10.
00 and gave the stock a “buy” rating in a report on Friday, March 14th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $8.42.
Check Out Our Latest Stock Report on QBTSD-Wave Quantum Profile (Free Report)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.Read MoreFive stocks we like better than D-Wave QuantumP/E Ratio Calculation: How to Assess StocksMarkets Think Robinhood Earnings Could Send the Stock UpConsumer Discretionary Stocks ExplainedChurchill Downs Stock: Could Tariff Fears Dampen Derby Gains?The Significance of Brokerage Rankings in Stock SelectionAT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround.
