Stanley Black Offloads Shares in D-Wave Quantum

On June 15, 2026, Stanley Black, the Executive Vice President and Chief Information Security Officer of D-Wave Quantum Inc. (NYSE:QBTS), sold 1,535 shares of the company. The shares were sold at an average price of $23.37, totaling approximately $35,872.95. This transaction was not part of a pre-planned trading program.

Insider Buying and Selling at D-Wave Quantum Inc.

Alongside Stanley Black's transaction, other insiders at D-Wave Quantum Inc. also reported sales on the same day. John Markovich, the Chief Financial Officer, sold two batches of shares totaling 210,584 at prices of $23.37 and $25.71. Diane Nguyen, EVP and Chief Legal Officer, sold 3,191 shares, and Sophie Ames, EVP and CHRO, sold 1,544 shares, both at $23.37 per share. Rohit Ghai also sold 13,518 shares, though his sale was part of a planned transaction.

Other Institutional Activity in D-Wave Quantum

In institutional activity, BlackRock, Inc. added 1,955,487 shares to its holdings, bringing its total to 30,153,928 shares valued at about $435.1 million. Vanguard Portfolio Management LLC established a new position with 20,793,131 shares worth approximately $300.0 million. UBS Group AG reduced its stake by 393,859 shares, leaving it with 9,869,575 shares valued at $142.4 million. Geode Capital Management, LLC increased its position by 645,018 shares to a total of 9,039,744 shares, valued at $131.9 million.

D-Wave Quantum Inc. Stock Up 40.9%

Shares of D-Wave Quantum Inc. are trading around $26.26. The company has a market capitalization of about $9.73 billion. D-Wave Quantum has a forward P/E ratio that is not meaningful due to its lack of profitability. The stock's beta is 2.055, indicating higher volatility compared to the market. Over the past 52 weeks, the share price has ranged from $12.75 to $46.75, with a 50-day moving average of $21.90 and a 200-day moving average of $23.74.

Analysts Set New Price Targets

Analysts have maintained a strong buy consensus for D-Wave Quantum Inc. On June 15, 2026, Mizuho maintained its buy rating with a price target of $35.0. Earlier in June, B. Riley Securities and Roth Capital both maintained buy ratings with targets of $40.0. The average price target among 15 analysts is approximately $36.84, with the highest target being $45.0 and the lowest at $19.58.

About D-Wave Quantum

D-Wave Quantum Inc. is a technology company based in Palo Alto, California, specializing in quantum computing systems, software, and services. Founded in 1999, the company offers a variety of quantum computing solutions including the Advantage and Ocean tools, as well as cloud services like Leap. D-Wave's technology is used across various industries for tasks such as logistics optimization and drug discovery. Dr. Alan E. Baratz serves as the company's CEO, and it employs around 382 people.

Bottom Line

Stanley Black's recent sale of D-Wave Quantum shares is part of broader insider activity at the company. Investors often track insider transactions to gauge management's sentiment. D-Wave Quantum's stock remains volatile, and analyst ratings suggest a strong buy outlook, reflecting optimism about its quantum computing advancements. As always, insider transactions are historical and may not reflect current positions.