D-Wave Quantum Inc. (NYSE: QBTS) has been attracting significant attention from institutional investors, with Jones Financial Companies Lllp notably increasing its position in the company by a staggering 341.7% during the fourth quarter. According to the latest Form 13F filing with the Securities & Exchange Commission, Jones Financial now holds 23,688 shares of D-Wave Quantum, worth approximately $199,000.
Institutional Investments on the Rise
Beyond Jones Financial, several other major institutional players have been increasing their stakes in D-Wave Quantum. UNICOM Systems Inc. made a substantial new investment worth $20.26 million in the fourth quarter, signaling strong confidence in the quantum computing firm’s future prospects.
Penserra Capital Management LLC also bolstered its position in the company, increasing its holdings by 23% during the third quarter to reach 4,485,777 shares, valued at approximately $4.41 million. Additionally, Geode Capital Management LLC increased its position by 33.8%, acquiring an additional 645,039 shares, bringing its total holdings to 2,555,927 shares valued at $2.51 million.
Other noteworthy investors include Oppenheimer & Co. Inc. and Silverleafe Capital Partners LLC, both of which established new positions in D-Wave Quantum during the fourth quarter, with investments of $1.06 million and $820,000, respectively. In total, institutional investors now own 42.47% of the company’s stock, underscoring growing market confidence in D-Wave Quantum’s potential.
Bullish Analyst Ratings Fuel Positive Sentiment
Wall Street analysts have been largely bullish on D-Wave Quantum, with multiple firms issuing buy ratings and significantly increasing their price targets.
- Benchmark reiterated a “buy” rating and set an $8.00 price target on the stock in a January 14th report.
- Needham & Company LLC maintained its “buy” rating and a $2.25 price target in November.
- Roth Mkm raised its price target from $3.00 to $7.00 in December while affirming a “buy” rating.
- Craig Hallum followed suit, increasing its target from $2.50 to $9.00 on December 20th.
- B. Riley upped its price target from $9.00 to $11.00 in a report on February 14th.
With six analysts rating the stock as a “buy,” D-Wave Quantum currently holds a consensus price target of $6.71, based on data from MarketBeat.com. This suggests significant upside potential for investors looking to capitalize on the rapidly expanding quantum computing sector.
Why Investors Are Watching D-Wave Quantum
As quantum computing continues to gain traction, companies like D-Wave Quantum are positioned at the forefront of this technological revolution. With growing institutional support, favorable analyst ratings, and increasing investor interest, QBTS remains a stock to watch in 2025. Investors seeking exposure to cutting-edge quantum computing advancements may find D-Wave Quantum an attractive addition to their portfolios.
