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D-Wave Quantum beat earnings estimates in Q3, saw revenue surge 105.6%, and stock rose despite insider sales.
D-Wave Quantum (QBTS) reported better-than-expected Q3 earnings, posting a loss of $0.05 per share versus a $0.07 estimate, and revenue of $3.74 million, up 105.6% year-over-year.
The stock rose to $29.56 amid insider sales, including CEO Alan Baratz reducing his stake by 1.11%.
Institutional ownership stands at 42.47%, and analysts maintain a "Moderate Buy" rating with a $26.17 target, while Rosenblatt raised its price target to $40.00.
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D-Wave Quantum superó las estimaciones de ganancias en el tercer trimestre, vio un aumento de los ingresos del 105.6%, y las acciones subieron a pesar de las ventas internas.