Quantum Computing Insiders Net Sell $1.02 Billion as 4 Stocks Trade Above 30 Times Sales
Updated
Updated · The Motley Fool · Oct 20
Quantum Computing Insiders Net Sell $1.02 Billion as 4 Stocks Trade Above 30 Times Sales
3 articles · Updated · The Motley Fool · Oct 20
Summary
$1.02 billion in net insider selling has hit four pure-play quantum computing companies since Oct. 16, 2021, led by IonQ at $576.6 million and D-Wave at $331.3 million.
Less than $4.3 million of insider buying over the same five years underpins the warning signal, with Quantum Computing Inc. showing zero purchases and the group's executives largely absent from the buy side.
Those sales come even after the stocks surged over two years—Rigetti up 1,180%, D-Wave 1,030%, Quantum Computing 738% and IonQ 154%—suggesting insiders may see valuations as stretched.
All four companies trade above 30 times trailing 12-month sales, a level the report says has historically flagged bubbles, even as quantum computing's commercial payoff may still be years away.