Brevan Howard Capital Management LP Buys Shares of 187,269 IonQ, Inc. $IONQ

Brevan Howard Capital Management LP bought a new position in IonQ, Inc. (NYSE:IONQFree Report) in the third quarter, HoldingsChannel reports. The institutional investor bought 187,269 shares of the company’s stock, valued at approximately $11,517,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IONQ. Stone House Investment Management LLC boosted its position in shares of IonQ by 700.0% during the third quarter. Stone House Investment Management LLC now owns 400 shares of the company’s stock valued at $25,000 after buying an additional 350 shares during the last quarter. Ameriflex Group Inc. raised its position in IonQ by 485.7% in the 3rd quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock worth $25,000 after buying an additional 340 shares during the last quarter. Hilltop National Bank raised its position in IonQ by 112.5% in the 3rd quarter. Hilltop National Bank now owns 425 shares of the company’s stock worth $26,000 after buying an additional 225 shares during the last quarter. Financial Consulate Inc. bought a new position in IonQ during the 3rd quarter valued at about $29,000. Finally, UMB Bank n.a. bought a new position in IonQ during the 3rd quarter valued at about $31,000. 41.42% of the stock is owned by institutional investors.

Insider Buying and Selling at IonQ

In related news, Director William J. Teuber, Jr. acquired 3,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were purchased at an average price of $38.38 per share, with a total value of $115,140.00. Following the completion of the purchase, the director directly owned 9,413 shares of the company’s stock, valued at $361,270.94. This represents a 46.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathryn K. Chou sold 5,000 shares of IonQ stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director directly owned 60,839 shares in the company, valued at approximately $3,346,145. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 10,781 shares of company stock valued at $497,804. Company insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

IONQ has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of IonQ from a “sell” rating to a “hold” rating in a research note on Saturday. Morgan Stanley set a $37.00 price objective on shares of IonQ in a research report on Thursday, February 26th. Wedbush started coverage on shares of IonQ in a report on Wednesday, December 17th. They issued an “outperform” rating and a $60.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of IonQ in a research report on Thursday, January 22nd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $100.00 target price on shares of IonQ in a research note on Thursday, February 26th. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.45.

View Our Latest Research Report on IONQ

IonQ News Roundup

Here are the key news stories impacting IonQ this week:

IonQ Price Performance

NYSE:IONQ opened at $33.04 on Friday. IonQ, Inc. has a one year low of $18.81 and a one year high of $84.64. The business has a fifty day moving average price of $40.13 and a 200-day moving average price of $50.07. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of -13.27 and a beta of 2.61.

IonQ Profile

(Free Report)

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. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.

See Also

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Institutional Ownership by Quarter for IonQ (NYSE:IONQ)

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