D-Wave Quantum Executive Liquidates $2.5 Million in Stock Amid Rally

Shares of quantum computing firm D-Wave Quantum Inc. continued their remarkable ascent, closing Friday’s session with a 7.7% gain at $17.79. Trading activity surged to nearly 59.5 million shares, significantly above average volumes. This impressive performance provided an opportunity for Chief Financial Officer John Markovich to execute a substantial sale of his equity holdings.

Major Insider Transaction Executed

Corporate filings reveal that between September 10th and 12th, Markovich disposed of 150,000 shares at prices ranging from $16.30 to $17.50 per share, generating approximately $2.5 million in proceeds. Concurrently, he exercised options to acquire an equivalent number of shares at just $0.92 per share—a common practice among executives managing their compensation packages.

Following these transactions, Markovich retains direct ownership of 1,599,511 shares alongside 812,837 unvested restricted stock units. The sales occurred as the stock traded near its 52-week peak of $20.56, achieved earlier this year.

The company’s equity has delivered extraordinary returns, appreciating more than 1,550% over the past twelve months—a performance that stands out even within the high-growth technology sector.

Strong Financial Position Supports Growth Ambitions

D-Wave’s financial health appears robust, with the company reporting approximately $819 million in liquid assets at the conclusion of Q2 2025. This represents a staggering 1,900% increase compared to the previous year’s position. This substantial war chest provides significant flexibility for advancing research initiatives, accelerating development projects, and pursuing strategic acquisitions.

Should investors sell immediately? Or is it worth buying D-Wave Quantum?

The company’s second-quarter financial results demonstrated strong commercial progress, with revenue climbing 42% year-over-year to reach $3.1 million. This figure exceeded analyst expectations of $2.59 million. While the loss per share of $0.08 was slightly wider than the projected $0.05 loss, the revenue growth indicates expanding market adoption of the company’s quantum computing solutions.

Strategic Appointments and Product Development

In early September, D-Wave strengthened its leadership team with the appointment of Stan Black as Chief Information Security Officer. The company simultaneously launched new developer tools designed to accelerate innovation in quantum artificial intelligence applications.

D-Wave’s Advantage2 quantum system represents cutting-edge technology, featuring over 4,400 qubits with 20-way connectivity. The commercial adoption of this technology continues to accelerate through the Leap cloud service, which has processed more than 20.6 million problems to date—marking a 134% increase in just six months.

Analyst Community Maintains Positive Outlook

Wall Street analysts remain broadly optimistic about D-Wave’s prospects, with price targets ranging from $20 to $30 per share. The majority of research firms maintain buy recommendations on the stock. Piper Sandler recently raised its price objective from $13 to $22, while Benchmark reaffirmed its positive rating.

The company’s growing roster of enterprise clients—including Ford, GE Vernova, and Nikon—suggests successful transition from pure research to commercial application. The next significant test for the company will come with the release of Q3 financial results in early November.