QBTS

D-Wave Quantum Inc.

2026-01-16 03:55 PM

-1.10%

D-Wave drifts lower amid wave of insider selling by CEO, CFO, and legal chief

Multiple D-Wave executives sold shares this week: CEO Alan Baratz sold 35,013 shares (~$982K) on January 14th, CFO John Markovich sold 9,179 shares (~$258K) to cover tax obligations, and the EVP/Chief Legal Officer sold ~$704K worth of stock. All sales were conducted under pre-arranged 10b5-1 trading plans, according to SEC filings and MarketBeat.

Analysis

While insider selling under 10b5-1 plans is routine and tax-related, the clustering of three C-suite sales in quick succession can spook retail investors. This follows yesterday's sharp drop and continues the volatility pattern seen this week, with QBTS swinging between +4.6% and -4.7% in recent sessions. The modest decline today suggests the market is digesting the insider activity rather than panicking, and analysts maintain a 'Moderate Buy' rating with a $33.67 target.

Sources

Date: 2026-01-16

Price: $28.50

Type: Stock Specific

Confidence: medium