IonQ (NYSE:IONQ) Stock Price Down 7.6% on Insider Selling

Shares of IonQ, Inc. (NYSE:IONQ) were down 7.6% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $52.36 and last traded at $53.4590. Approximately 24,631,469 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 26,562,250 shares. The stock had previously closed at $57.85.

Specifically, Director Gabrielle B. Toledano sold 2,757 shares of IonQ stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.01, for a total value of $151,662.57. Following the completion of the transaction, the director directly owned 11,154 shares in the company, valued at approximately $613,581.54. This trade represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John W. Raymond sold 3,815 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $55.01, for a total value of $209,863.15. Following the sale, the insider owned 80,148 shares in the company, valued at $4,408,941.48. The trade was a 4.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other news, Director Kathryn K. Chou sold 2,757 shares of IonQ stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $55.02, for a total value of $151,690.14. Following the completion of the transaction, the director owned 62,608 shares in the company, valued at approximately $3,444,692.16. This trade represents a 4.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IONQ shares. Weiss Ratings raised IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. DA Davidson decreased their price objective on shares of IonQ from $55.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, February 26th. Rosenblatt Securities reiterated a “buy” rating and set a $100.00 target price on shares of IonQ in a research note on Thursday, June 11th. Needham & Company LLC dropped their target price on shares of IonQ from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Jefferies Financial Group set a $85.00 price target on shares of IonQ in a research report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.88.

Key IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Trump’s executive orders on quantum computing could boost IonQ through federal funding, government partnerships, and accelerated adoption of post-quantum cryptography. Article link
• Positive Sentiment: Northland Securities raised its price target on IonQ to $70 and reiterated an outperform rating, reinforcing bullish analyst sentiment. Article link
• Positive Sentiment: IonQ’s Q1 revenue growth remains a major long-term positive, with revenue up more than eightfold year over year and management raising full-year guidance. Article link
• Positive Sentiment: Recent articles highlight strong investor interest in quantum stocks overall, which keeps IonQ in the center of the sector’s momentum trade. Article link
• Neutral Sentiment: Coverage comparing IonQ with other quantum names suggests investors are still sorting winners from losers in the sector, which adds debate but not a clear near-term fundamental change. Article link
• Negative Sentiment: Several reports warned that IonQ’s valuation remains rich and that rising costs, execution risk, and macro pressure could limit near-term upside. Article link
• Negative Sentiment: Recent insider sales by multiple directors and an executive may be weighing on sentiment, even though the transactions were relatively small. Article link

IonQ Stock Performance

The stock has a market capitalization of $19.95 billion, a P/E ratio of -190.92 and a beta of 3.18. The stock has a 50 day moving average of $54.19 and a 200 day moving average of $45.10.

IonQ (NYSE:IONQ) last issued its earnings results on Wednesday, May 6th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.08). The company had revenue of $64.67 million during the quarter, compared to analyst estimates of $49.75 million. IonQ had a negative return on equity of 23.20% and a net margin of 174.88%.IonQ’s quarterly revenue was up 754.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.14) earnings per share. On average, research analysts anticipate that IonQ, Inc. will post -2.26 EPS for the current fiscal year.

Institutional Trading of IonQ

Large investors have recently modified their holdings of the company. Ameriflex Group Inc. boosted its holdings in shares of IonQ by 485.7% in the third quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock valued at $25,000 after acquiring an additional 340 shares in the last quarter. Accent Capital Management LLC raised its holdings in IonQ by 171.8% during the fourth quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock worth $26,000 after purchasing an additional 371 shares in the last quarter. Fortitude Family Office LLC raised its holdings in IonQ by 3,800.0% during the fourth quarter. Fortitude Family Office LLC now owns 624 shares of the company’s stock worth $28,000 after purchasing an additional 608 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in IonQ by 216.5% in the first quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company’s stock worth $28,000 after purchasing an additional 656 shares during the period. Finally, PeakShares LLC bought a new position in IonQ during the 1st quarter valued at $29,000. Institutional investors and hedge funds own 41.42% of the company’s stock.

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. 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.