On June 15, 2026, Rohit Ghai, a director at D-Wave Quantum Inc., executed a sale of 13,518 shares of the company's common stock. The transaction resulted in proceeds totaling approximately $357,054. The shares were sold at prices ranging from $25.68 to $27.1178 per share, with a weighted average sale price of $26.4133. This sale was conducted automatically under a Rule 10b5-1 trading plan that Ghai adopted on June 13, 2025.
Following this transaction, Ghai directly owns 23,617 shares of D-Wave Quantum common stock. This total includes 9,357 unvested restricted stock units. The stock currently trades at $23.97, which is down from the director's sale price. However, shares have delivered a 54% return over the past year. According to InvestingPro analysis, QBTS appears overvalued at current levels and trades with high volatility, reflected in its beta of 2.06.
In recent developments, D-Wave Quantum has made significant announcements regarding its future roadmap. The company unveiled its gate-model quantum computing roadmap, aiming for 100 logical qubits by 2032. A 17-physical-qubit system is expected in 2026. This announcement coincided with Mizuho raising its price target for D-Wave Quantum to $35, maintaining an Outperform rating. Rosenblatt also reiterated its Buy rating with a $43 price target following the company's inaugural Analyst Day. During this event, D-Wave presented its quantum annealing and gate-based solutions.
Additionally, Stifel reiterated its Buy rating with a $35 price target after D-Wave's 2026 Investor Day presentation. The company emphasized its transition to a full-stack, dual platform quantum computing company. D-Wave also defended its claims of quantum computational supremacy amidst a simulation debate. The company asserted that recent classical simulation work did not replicate the results of its peer-reviewed study. These developments reflect the company's ongoing efforts to advance its quantum computing capabilities and strategic positioning in the market.