D-Wave Quantum and Navitas Semiconductor Shares Slip Amid Analyst Downgrades

D-Wave Quantum Inc. (NYSE:QBTS) fell about 1% on Monday, trading as low as $23.52 and ending at $24.44. The stock saw a 13% drop in volume versus its average. Analysts maintain a consensus "Moderate Buy" rating with an average target of $36.80, while insiders have sold roughly 1.36 million shares valued at $35.8 million in the past 90 days. The company reported a quarterly loss of $0.05 per share on revenue of $2.86 million, both below expectations.

Navitas Semiconductor Corp. (NASDAQ:NVTS) slid 1.3% on the same day, reaching $23.70 after a low of $23.00. It recorded an 8% decrease in trading volume. The consensus rating is "Hold" with an average target price of $14.74. Insiders have disposed of about 3.99 million shares worth $116.4 million over the last three months. Navitas posted a quarterly loss of $0.04 per share, revenue of $8.60 million, also missing forecasts.

Both companies are facing analyst scrutiny and significant insider selling while their quarterly earnings showed continued losses and revenue declines, contributing to the recent share price weakness.