Director Rohit Ghai of D-Wave Quantum Inc. (NASDAQ: QBTS) completed an automated sale of 10,000 common shares on March 16, 2026, realizing proceeds of $176,168. The transaction occurred at prices within a band from $17.165 to $18.385, which is close to the company's quoted share price of $17.47 at the time of reporting.
The share disposition was carried out under a pre-existing Rule 10b5-1 trading arrangement that Ghai established on June 13, 2025. After the sale, Ghai retains direct ownership of 27,778 D-Wave shares, a total that includes 14,260 restricted stock units that have not yet vested.
Market performance metrics noted in company trading show the stock has fallen 33% year-to-date, while remaining 56% higher over the trailing 12 months.
Company financials and analyst action
In related corporate disclosures, D-Wave Systems Inc. published its fourth-quarter 2025 financial results, reporting revenue of $2.75 million. That figure represented a shortfall of 26.08% versus the consensus expectation of $3.72 million. The company also reported earnings per share of -$0.09, missing the anticipated -$0.06.
Separately, Evercore ISI revised its price target for D-Wave Quantum Inc. shares downward from $44 to $42 while retaining an Outperform recommendation. The firm described the adjustment as a reassessment of valuation tied to its forward earnings outlook.
Valuation context and research availability
Investment research platform InvestingPro classifies QBTS as currently overvalued based on its Fair Value analysis and includes the stock on its Most Overvalued list. The platform further indicates that a Pro Research Report covering QBTS and more than 1,400 other U.S. equities is available for investors seeking deeper analysis.
Key takeaways
- Director Rohit Ghai executed an automatic sale of 10,000 shares on March 16, 2026, under a Rule 10b5-1 plan adopted June 13, 2025.
- D-Wave reported Q4 2025 revenue of $2.75 million and EPS of -$0.09, missing consensus expectations.
- InvestingPro flags QBTS as overvalued and Evercore ISI trimmed its price target from $44 to $42 while keeping an Outperform rating.
Contextual note
Where the public record is limited to the transaction details, plan adoption date, post-sale holdings, recent quarterly results, and third-party valuation and analyst actions, this report confines itself to those disclosed facts without further inference about motivations or future stock performance.