The dollar amounts are immaterial relative to the $9.4B market cap and both sellers are non-CEO/CFO executives, consistent with routine diversification or tax-planning sales. The cluster does not alter the Q1 earnings narrative (record bookings vs GAAP revenue decline). The upcoming Investor Day (June 1, 2026) is a more significant near-term catalyst. Do not read into these sales as a bearish signal.
Price Chart
Executive Summary
Two senior executives (EVP/Chief Legal Officer and EVP/CHRO) sold a combined $1.44M worth of QBTS stock at $19-$25 per share over two days. The sales occurred 10 days after the company reported an 81% YoY revenue decline in Q1 2026 ($2.9M vs $15.0M), despite record bookings of $33.4M. At a $9.4B market cap, the sales represent roughly 0.015% of market value — well below the 0.1% materiality threshold, making this a routine liquidity/vesting event.
Key Financial Metrics
Key Facts
- Two insiders sold a combined $1.44M in open-market transactions over 2 days
- Sellers are the EVP/Chief Legal Officer (40K shares at $25.01) and EVP/CHRO (23K shares at $18.98)
- Sales occurred 10 days after Q1 2026 earnings: revenue down 81% YoY, but record Bookings of $33.4M
- Total cluster value is ~0.015% of the $9.4B market cap — insignificant relative to company size
- Both sellers are executive-level but neither is CEO or CFO — less informative per literature
- Prior insider activity (30d) shows $1.4M in sells — this cluster doubles that but remains noisy
Financial Impact
Total insider sales of $1.44M, representing ~0.015% of market cap
Risk Factors
- Insider sales may accelerate if the stock continues to rally from $19 to $25 within the cluster window
- The Q1 revenue decline (81% YoY) remains a fundamental headwind despite bookings strength
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-QBTS-1779482357883 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 8-K | $16.41 $17.11 | ▲ +4.27% | ▲ +3.45% | $16.34 (−0.40%) |
Sep 8, 2026 24d ago | 8-K | $17.67 $16.83 | ▼ −4.75% | ▼ −4.09% | $16.34 (−7.50%) |
Aug 25, 2026 5w ago | 8-K | $17.51 $16.49 | ▼ −5.83% | ▼ −5.71% | $16.34 (−6.65%) |
Aug 18, 2026 6w ago | 8-K | $19.53 $19.35 | ▼ −0.92% | ▼ −0.72% | $16.34 (−16.31%) |
Aug 17, 2026 6w ago | 8-K | $20.87 $18.68 | ▼ −10.49% | ▼ −9.30% | $16.34 (−21.68%) |
Aug 6, 2026 8w ago | 8-K | $19.41 $20.90 | ▲ +7.70% | ▲ +6.49% | $16.34 (−15.77%) |
Aug 3, 2026 8w ago | 8-K | $19.98 $16.21 | ▼ −18.87% | ▼ −20.90% | $16.34 (−18.19%) |
Jul 27, 2026 9w ago | 8-K | $19.51 $18.08 | ▼ −7.33% | ▼ −8.40% | $16.34 (−16.22%) |
Jul 24, 2026 10w ago | 8-K | $16.21 $17.98 | ▲ +10.92% | ▲ +10.55% | $16.34 (+0.83%) |
Jul 14, 2026 11w ago | 8-K | $18.95 $16.72 | ▼ −11.77% | ▼ −10.47% | $16.34 (−13.75%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access