QBTS
D-Wave Quantum Inc.
NYSE: QBTS · TECHNOLOGY · COMPUTER HARDWARE
$24.69
+7.72% today
Updated 2026-06-18
Market cap
$8.66B
P/E ratio
—
P/S ratio
695.70x
EPS (TTM)
$-1.14
Dividend yield
—
52W range
$13 – $47
Volume
35.3M
D-Wave Quantum Inc. (QBTS) Insider transactions
Net insider activity
Net selling (3,963,947 shares)
Buy transactions
23
Sell transactions
77
All transactions
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 2026-06-09 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 70 | $26.54 | $1857.80 |
| 2026-06-08 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 50,979 | $26.24 | $1.34M |
| 2026-06-08 | BARATZ, ALAN E | Director, President & CEO | Sale | 474,395 | $0.91 | $431699.45 |
| 2026-06-08 | BARATZ, ALAN E | Director, President & CEO | Sale | 213,232 | $0.85 | $180394.27 |
| 2026-06-08 | BARATZ, ALAN E | Director, President & CEO | Sale | 687,627 | $26.13 | $17.97M |
| 2026-06-08 | BARATZ, ALAN E | Director, President & CEO | Buy | 474,395 | $0.91 | $431699.45 |
| 2026-06-08 | BARATZ, ALAN E | Director, President & CEO | Buy | 213,232 | $0.85 | $180394.27 |
| 2026-06-05 | DILULLO, JOHN D | Director | Sale | 7,850 | $24.43 | $191809.26 |
| 2026-06-04 | WEST, STEVEN M | Director | Buy | 9,357 | — | — |
| 2026-06-04 | NIELSEN, KIRSTJEN | Director | Buy | 9,357 | — | — |
| 2026-06-04 | HOLT, SHARON E | Director | Buy | 9,357 | — | — |
| 2026-06-04 | GHAI, ROHIT | Director | Buy | 9,357 | — | — |
| 2026-06-04 | DILULLO, JOHN D | Director | Buy | 9,357 | — | — |
| 2026-06-04 | BISCAY, ROGER | Director | Buy | 9,357 | — | — |
| 2026-06-02 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 2,908 | $31.00 | $90148.00 |
| 2026-05-22 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 207,926 | $0.92 | $191291.92 |
| 2026-05-22 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 120,826 | $0.85 | $102218.80 |
| 2026-05-22 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 328,752 | $27.70 | $9.11M |
| 2026-05-22 | MARKOVICH, JOHN M. | Chief Financial Officer | Buy | 207,926 | $0.92 | $191291.92 |
| 2026-05-22 | MARKOVICH, JOHN M. | Chief Financial Officer | Buy | 120,826 | $0.85 | $102218.80 |
| 2026-05-21 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 40,000 | $25.01 | $1.00M |
| 2026-05-20 | AMES, SOPHIE C | Exec. Vice President & CHRO | Sale | 23,025 | $18.98 | $436933.91 |
| 2026-05-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 2,459 | $22.35 | $54958.65 |
| 2026-05-13 | BARATZ, ALAN E | Director, President & CEO | Sale | 18,542 | $22.35 | $414413.70 |
| 2026-05-13 | AMES, SOPHIE C | Exec. Vice President & CHRO | Sale | 23,850 | $22.35 | $533047.50 |
| 2026-04-30 | BARATZ, ALAN E | Director, President & CEO | Buy | 753,941 | — | — |
| 2026-04-20 | AMES, SOPHIE C | Exec. Vice President & CHRO | Sale | 3,070 | $21.35 | $65548.49 |
| 2026-04-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 4,066 | $14.25 | $57940.50 |
| 2026-04-13 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 8,607 | $14.25 | $122649.75 |
| 2026-04-13 | BARATZ, ALAN E | Director, President & CEO | Sale | 33,778 | $14.25 | $481336.50 |
| 2026-04-13 | AMES, SOPHIE C | Exec. Vice President & CHRO | Sale | 3,180 | $14.25 | $45315.00 |
| 2026-03-16 | GHAI, ROHIT | Director | Sale | 10,000 | $17.62 | $176168.00 |
| 2026-03-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 2,532 | $17.63 | $44633.59 |
| 2026-03-13 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 10,706 | $17.63 | $188723.23 |
| 2026-03-05 | DILULLO, JOHN D | Director | Sale | 8,000 | $18.01 | $144097.60 |
| 2026-02-19 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Buy | 28,068 | — | — |
| 2026-02-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 1,451 | $19.76 | $28671.32 |
| 2026-01-14 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 4,519 | $28.06 | $126813.53 |
| 2026-01-14 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 9,179 | $28.06 | $257583.85 |
| 2026-01-14 | BARATZ, ALAN E | Director, President & CEO | Sale | 35,013 | $28.06 | $982545.31 |
| 2026-01-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 20,000 | $28.86 | $577158.00 |
| 2025-12-22 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 100,000 | $0.92 | $92000.00 |
| 2025-12-22 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 100,000 | $30.03 | $3.00M |
| 2025-12-22 | BARATZ, ALAN E | Director, President & CEO | Sale | 793,712 | $0.91 | $722277.92 |
| 2025-12-22 | BARATZ, ALAN E | Director, President & CEO | Sale | 793,712 | $30.13 | $23.91M |
| 2025-12-15 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 2,733 | $23.89 | $65303.40 |
| 2025-12-15 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 11,562 | $23.89 | $276267.05 |
| 2025-12-15 | GHAI, ROHIT | Director | Sale | 10,000 | $24.28 | $242841.00 |
| 2025-12-05 | DILULLO, JOHN D | Director | Sale | 8,000 | $27.36 | $218889.60 |
| 2025-12-04 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 100,000 | $0.92 | $92000.00 |
| 2025-12-04 | MARKOVICH, JOHN M. | Chief Financial Officer | Buy | 100,000 | $0.92 | $92000.00 |
| 2025-12-03 | NIELSEN, KIRSTJEN | Director | Sale | 7,000 | $22.62 | $158340.00 |
| 2025-12-03 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 100,000 | $0.92 | $92000.00 |
| 2025-12-03 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 100,000 | $25.05 | $2.50M |
| 2025-11-21 | DILULLO, JOHN D | Director | Sale | 492 | — | — |
| 2025-11-20 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 200,000 | $0.92 | $184000.00 |
| 2025-11-20 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 200,000 | $22.94 | $4.59M |
| 2025-11-18 | WEST, STEVEN M | Director | Buy | 82 | $21.89 | $1794.98 |
| 2025-11-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 20,000 | $23.66 | $473282.00 |
| 2025-11-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 2,803 | $23.17 | $64957.84 |
| 2025-11-13 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 98,060 | $23.17 | $2.27M |
| 2025-11-13 | BARATZ, ALAN E | Director, President & CEO | Sale | 168,102 | $23.17 | $3.90M |
| 2025-11-11 | BARATZ, ALAN E | Director, President & CEO | Sale | 806,288 | $0.91 | $733722.08 |
| 2025-11-11 | BARATZ, ALAN E | Director, President & CEO | Buy | 806,288 | $0.91 | $733722.08 |
| 2025-10-14 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 20,827 | $43.74 | $911043.79 |
| 2025-10-14 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 7,994 | $43.74 | $349684.74 |
| 2025-10-14 | BARATZ, ALAN E | Director, President & CEO | Sale | 31,369 | $43.74 | $1.37M |
| 2025-09-15 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 2,501 | $17.76 | $44417.76 |
| 2025-09-15 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 10,583 | $17.76 | $187954.08 |
| 2025-09-15 | GHAI, ROHIT | Director | Sale | 10,000 | $17.93 | $179320.00 |
| 2025-09-15 | DILULLO, JOHN D | Director | Sale | 8,000 | $17.93 | $143432.00 |
| 2025-09-12 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 50,000 | $0.92 | $46000.00 |
| 2025-09-12 | MARKOVICH, JOHN M. | Chief Financial Officer | Buy | 50,000 | $0.92 | $46000.00 |
| 2025-09-11 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 100,000 | $0.92 | $92000.00 |
| 2025-09-11 | MARKOVICH, JOHN M. | Chief Financial Officer | Buy | 100,000 | $0.92 | $92000.00 |
| 2025-09-11 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 50,000 | $16.30 | $815000.00 |
| 2025-09-10 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 50,000 | $16.30 | $815000.00 |
| 2025-09-05 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 40,758 | $0.92 | $37497.36 |
| 2025-09-05 | MARKOVICH, JOHN M. | Chief Financial Officer | Buy | 40,758 | $0.92 | $37497.36 |
| 2025-08-13 | WEST, STEVEN M | Director | Sale | 119,000 | $18.06 | $2.15M |
| 2025-08-13 | WEST, STEVEN M | Director | Sale | 25,000 | $18.18 | $454400.00 |
| 2025-08-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 40,831 | $2.10 | $85745.10 |
| 2025-08-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 27,668 | $0.91 | $25177.88 |
| 2025-08-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 9,118 | $0.91 | $8297.38 |
| 2025-08-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 2,224 | $0.92 | $2046.08 |
| 2025-08-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Buy | 40,831 | $2.10 | $85745.10 |
| 2025-08-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 39,010 | $18.18 | $709240.81 |
| 2025-08-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Buy | 27,668 | $0.91 | $25177.88 |
| 2025-08-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 25,634 | $18.11 | $464308.64 |
| 2025-08-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Buy | 9,118 | $0.91 | $8297.38 |
| 2025-08-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 4,626 | $18.54 | $85766.04 |
| 2025-08-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Sale | 2,459 | $18.51 | $45516.09 |
| 2025-08-13 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Buy | 2,224 | $0.92 | $2046.08 |
| 2025-08-12 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 100,000 | $0.92 | $92000.00 |
| 2025-08-12 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 100,000 | $18.00 | $1.80M |
| 2025-08-05 | WEST, STEVEN M | Director | Sale | 108,485 | — | — |
| 2025-07-31 | NGUYEN, DIANE | EVP, Chief Legal Officer & GC | Buy | 16,098 | — | — |
| 2025-07-21 | NGUYEN, DIANE | General Counsel | Sale | 4,066 | $18.89 | $76806.74 |
| 2025-07-21 | MARKOVICH, JOHN M. | Chief Financial Officer | Sale | 8,607 | $18.89 | $162586.23 |
| 2025-07-21 | BARATZ, ALAN E | Director, President & CEO | Sale | 33,778 | $18.89 | $638066.42 |
Frequently asked questions
Are QBTS insiders buying or selling?
Over the transactions on record, QBTS insiders have been net sellers, with about $90.73M in stock sold across 77 sales, against 14 open-market purchases.
Does insider selling at QBTS mean the stock will fall?
Not by itself. Most executive selling is pre-scheduled through 10b5-1 plans filed months in advance, and insiders sell for diversification, taxes, and liquidity far more often than out of any view on the price. Insider buying is the stronger signal, especially when several insiders buy around the same time, because there is usually only one reason to put personal cash into the stock.
Which QBTS insiders are selling the most?
Recent selling is concentrated in a few names. BARATZ, ALAN E accounts for the largest share on record, with about $51.73M sold. Selling by one or two individuals matters less than broad selling across the whole leadership team, which is the pattern worth watching.