John Raymond Sells 2,800 Shares of IonQ (NYSE:IONQ) Stock

IonQ, Inc. (NYSE:IONQGet Free Report) insider John Raymond sold 2,800 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $33.34, for a total value of $93,352.00. Following the transaction, the insider owned 83,963 shares of the company’s stock, valued at $2,799,326.42. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

IonQ Price Performance

Shares of IONQ stock opened at $33.04 on Monday. The business’s 50 day simple moving average is $40.13 and its 200 day simple moving average is $50.13. IonQ, Inc. has a one year low of $18.81 and a one year high of $84.64. The stock has a market capitalization of $12.11 billion, a PE ratio of -13.27 and a beta of 2.61.

Institutional Trading of IonQ

Hedge funds have recently modified their holdings of the stock. TD Waterhouse Canada Inc. boosted its stake in IonQ by 28.4% during the second quarter. TD Waterhouse Canada Inc. now owns 1,008 shares of the company’s stock worth $40,000 after acquiring an additional 223 shares in the last quarter. Hilltop National Bank grew its holdings in IonQ by 112.5% in the third quarter. Hilltop National Bank now owns 425 shares of the company’s stock worth $26,000 after purchasing an additional 225 shares during the period. International Assets Investment Management LLC increased its stake in IonQ by 4.3% in the third quarter. International Assets Investment Management LLC now owns 5,679 shares of the company’s stock valued at $349,000 after purchasing an additional 235 shares in the last quarter. Lauer Wealth LLC increased its stake in IonQ by 5.5% in the third quarter. Lauer Wealth LLC now owns 4,852 shares of the company’s stock valued at $298,000 after purchasing an additional 255 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of IonQ by 11.8% during the third quarter. GAMMA Investing LLC now owns 2,480 shares of the company’s stock valued at $153,000 after purchasing an additional 261 shares during the period. Institutional investors own 41.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IONQ. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of IonQ in a research note on Thursday, January 22nd. JPMorgan Chase & Co. lowered their target price on shares of IonQ from $47.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. DA Davidson dropped their target price on shares of IonQ from $55.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, February 26th. Needham & Company LLC cut their price target on shares of IonQ from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Wall Street Zen upgraded IonQ from a “sell” rating to a “hold” rating in a report on Saturday. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, IonQ has a consensus rating of “Moderate Buy” and an average target price of $69.45.

Read Our Latest Analysis on IONQ

IonQ News Roundup

Here are the key news stories impacting IonQ this week:

IonQ Company Profile

(Get 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.

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Insider Buying and Selling by Quarter for IonQ (NYSE:IONQ)

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