Cookson Peirce & Co. Inc. Has $1.18 Million Stock Holdings in IonQ, Inc. (NYSE:IONQ)

Cookson Peirce & Co. Inc. lowered its stake in shares of IonQ, Inc. (NYSE:IONQ) by 2.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 94,892 shares of the company’s stock after selling 2,701 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in IonQ were worth $1,176,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Harbour Investments Inc. grew its position in IonQ by 193.2% in the 2nd quarter. Harbour Investments Inc. now owns 2,932 shares of the company’s stock valued at $40,000 after purchasing an additional 1,932 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of IonQ by 32.9% in the third quarter. Nisa Investment Advisors LLC now owns 4,038 shares of the company’s stock valued at $60,000 after buying an additional 1,000 shares in the last quarter. FNY Investment Advisers LLC grew its holdings in shares of IonQ by 28.0% during the fourth quarter. FNY Investment Advisers LLC now owns 4,532 shares of the company’s stock valued at $56,000 after buying an additional 990 shares during the last quarter. C M Bidwell & Associates Ltd. increased its position in shares of IonQ by 61.2% during the third quarter. C M Bidwell & Associates Ltd. now owns 4,542 shares of the company’s stock worth $68,000 after acquiring an additional 1,724 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of IonQ by 806.4% in the 3rd quarter. National Bank of Canada FI now owns 6,345 shares of the company’s stock worth $93,000 after acquiring an additional 5,645 shares during the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.

Insider Activity

In other IonQ news, CFO Thomas G. Kramer sold 19,672 shares of IonQ stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $10.20, for a total value of $200,654.40. Following the sale, the chief financial officer now owns 954,224 shares of the company’s stock, valued at $9,733,084.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other IonQ news, CTO Jungsang Kim sold 10,220 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $10.20, for a total transaction of $104,244.00. Following the completion of the transaction, the chief technology officer now directly owns 6,619,941 shares of the company’s stock, valued at $67,523,398.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Thomas G. Kramer sold 19,672 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $10.20, for a total value of $200,654.40. Following the completion of the sale, the chief financial officer now owns 954,224 shares in the company, valued at $9,733,084.80. The disclosure for this sale can be found here. Insiders sold a total of 86,556 shares of company stock valued at $882,871 in the last ninety days. 13.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IONQ shares. The Goldman Sachs Group cut their price target on IonQ from $13.00 to $11.50 and set a “neutral” rating for the company in a research note on Thursday, February 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of IonQ in a research report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, IonQ presently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

IonQ Stock Performance

Shares of IONQ stock opened at $7.52 on Wednesday. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -9.64 and a beta of 2.14. IonQ, Inc. has a 52-week low of $5.29 and a 52-week high of $21.60. The company has a 50-day simple moving average of $9.87 and a two-hundred day simple moving average of $11.53.

IonQ (NYSE:IONQ) last released its earnings results on Wednesday, February 28th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.03. The company had revenue of $6.11 million during the quarter, compared to analyst estimates of $5.70 million. IonQ had a negative return on equity of 28.27% and a negative net margin of 715.77%. On average, sell-side analysts forecast that IonQ, Inc. will post -1.24 EPS for the current fiscal year.

IonQ Company Profile

IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service.