Silverleafe Capital Partners LLC Acquires Shares of 97,634 D-Wave Quantum Inc. (NYSE:QBTS)

Silverleafe Capital Partners LLC acquired a new position in D-Wave Quantum Inc. (NYSE:QBTS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 97,634 shares of the company’s stock, valued at approximately $820,000.

Other large investors have also recently made changes to their positions in the company. Penserra Capital Management LLC grew its position in D-Wave Quantum by 23.0% in the third quarter. Penserra Capital Management LLC now owns 4,485,777 shares of the company’s stock worth $4,409,000 after acquiring an additional 839,942 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of D-Wave Quantum by 33.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,555,927 shares of the company’s stock valued at $2,513,000 after purchasing an additional 645,039 shares during the last quarter. State Street Corp boosted its holdings in shares of D-Wave Quantum by 0.9% in the 3rd quarter. State Street Corp now owns 2,020,977 shares of the company’s stock worth $1,986,000 after purchasing an additional 17,225 shares during the period. Marshall Wace LLP bought a new position in shares of D-Wave Quantum during the 2nd quarter valued at approximately $265,000. Finally, Bank of New York Mellon Corp purchased a new stake in D-Wave Quantum during the 2nd quarter valued at $251,000. 42.47% of the stock is currently owned by institutional investors.

D-Wave Quantum Trading Up 2.5 %

Shares of QBTS traded up $0.23 during trading hours on Monday, hitting $9.37. The company had a trading volume of 64,857,374 shares, compared to its average volume of 63,557,195. D-Wave Quantum Inc. has a one year low of $0.68 and a one year high of $11.41. The company has a market capitalization of $2.52 billion, a PE ratio of -22.31 and a beta of 1.79. The company’s fifty day moving average price is $4.20 and its two-hundred day moving average price is $2.14.

Insider Activity at D-Wave Quantum

In related news, major shareholder Sector Pension Investme Public sold 1,000,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $6.68, for a total transaction of $6,680,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold 10,081,459 shares of company stock valued at $45,337,894 over the last 90 days. Insiders own 7.22% of the company’s stock.

Analysts Set New Price Targets

QBTS has been the topic of a number of analyst reports. B. Riley boosted their price objective on shares of D-Wave Quantum from $3.75 to $4.50 and gave the company a “buy” rating in a research report on Monday, November 25th. Craig Hallum raised their price objective on shares of D-Wave Quantum from $2.50 to $9.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $2.25 target price on shares of D-Wave Quantum in a research note on Friday, November 15th. Benchmark raised their price target on D-Wave Quantum from $3.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Finally, Roth Mkm upped their target price on shares of D-Wave Quantum from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $5.63.

D-Wave Quantum Profile

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.