IonQ, Rigetti and D-Wave Insiders Sell $863 Million as Quantum Valuations Reach 542 Times Sales
Updated
Updated · The Motley Fool · Aug 24
IonQ, Rigetti and D-Wave Insiders Sell $863 Million as Quantum Valuations Reach 542 Times Sales
1 articles · Updated · The Motley Fool · Aug 24
Summary
$863 million in net insider sales over three years hit IonQ, Rigetti and D-Wave, with IonQ accounting for $457.2 million, D-Wave $331.3 million and Rigetti $74 million.
Insider buying was almost absent in the same period—$3.32 million at IonQ, zero at Rigetti and just $1,795 at D-Wave—undercutting confidence from those closest to the businesses.
The selling comes after quantum stocks posted gains of up to 6,200% over the trailing year, a run that has pushed valuations to 59 times sales for IonQ, 398 for Rigetti and 542 for D-Wave.
Some sales may reflect tax obligations tied to stock compensation, but the report argues the combination of heavy selling, scant buying and immature quantum technology raises bubble-risk concerns.