D-Wave Quantum CFO Sells 200,000 Shares

John Markovich, the Chief Financial Officer of D-Wave Quantum Inc., sold 200,000 shares of the company on June 15, 2026. The shares were sold at an average price of $25.715, totaling approximately $5.14 million. This transaction was not part of a prearranged trading plan.

Insider Buying and Selling at D-Wave Quantum Inc.

On the same day, several other executives at D-Wave Quantum Inc. also sold shares. Rohit Ghai sold 13,518 shares at $26.41 under a planned transaction. John Markovich had another sale of 10,584 shares at $23.37. Stanley Black, Diane Nguyen, and Sophie Ames also sold smaller amounts of shares, all at the price of $23.37.

Other Institutional Activity in D-Wave Quantum

Institutional investors have been active in D-Wave Quantum. BlackRock, Inc. increased its holdings by 1,955,487 shares, ending with 30,153,928 shares valued at about $435.1 million. Vanguard Portfolio Management LLC added 20,793,131 shares, resulting in the same number of shares valued at approximately $300 million. Vanguard Capital Management LLC also acquired 15,851,525 shares worth around $228.7 million. UBS Group AG reduced its holdings by 393,859 shares to 9,869,575 shares, valued at $142.4 million. Geode Capital Management, LLC increased its position by 645,018 shares to 9,039,744 shares, valued at $131.9 million.

D-Wave Quantum Inc. Stock Snapshot

Shares of NYSE:QBTS traded near $26.26. D-Wave Quantum Inc. has a market cap of about $9.73 billion. The company is not currently profitable, reflected in its negative forward P/E ratio. The stock's beta is 2.055, indicating higher volatility compared to the market. It has a 52-week range between $12.75 and $46.75. The 50-day moving average is $21.90, while the 200-day moving average is $23.74.

Analysts Set New Price Targets

On June 15, 2026, Mizuho maintained its buy rating with a $35 price target for D-Wave Quantum. Earlier, on June 2, B. Riley Securities and Roth Capital both maintained buy ratings with a $40 target. Canaccord Genuity and Rosenblatt also kept buy ratings with targets of $41 and $43, respectively. The consensus among analysts is a strong buy, with an average target price of $36.84 from 15 analysts.

About D-Wave Quantum Inc.

D-Wave Quantum Inc. is a technology company specializing in quantum computing systems, software, and services. Headquartered in Palo Alto, California, the company develops quantum computers like the Advantage and Advantage 2, along with Ocean, a suite of open-source tools, and Leap, a cloud-based quantum service. Led by CEO Dr. Alan E. Baratz, D-Wave employs 382 people and offers solutions for logistics, drug discovery, and industrial design.

Bottom Line

John Markovich's recent sale of D-Wave Quantum shares adds to a series of insider transactions on June 15. While insider selling can be routine, investors often watch these moves closely. D-Wave's stock remains volatile, with a high beta and a wide 52-week range, attracting attention from institutional investors and analysts alike. As always, 13F filings and insider trades are backward-looking and may not reflect current positions.