Quantum Computing Insiders Dump $931 Million in Stock as Valuations Reach 109 to 836 Times Sales
Updated
Updated · The Motley Fool · May 28
Quantum Computing Insiders Dump $931 Million in Stock as Valuations Reach 109 to 836 Times Sales
1 articles · Updated · The Motley Fool · May 28
Summary
$931 million in net insider selling has hit IonQ, Rigetti Computing and D-Wave Quantum since mid-May 2021, a sharp warning from executives and major holders closest to the sector.
IonQ insiders sold about $576 million net, D-Wave nearly $295 million and Rigetti about $60 million, while insider buying over the same period was tiny—$3.35 million, $625,000 and $309,080 respectively.
Those sales come as the three stocks trade at extreme price-to-sales ratios of 109, 836 and 791, levels the report argues are hard to justify for companies still early in commercialization.
Quantum computing enthusiasm has been fueled by forecasts of up to $850 billion in economic value by 2040 and huge stock gains, but the report says the industry still lacks broad adoption and faces the kind of bubble risk seen in past tech manias.