William Teuber, Jr. Acquires 3,000 Shares of IonQ (NYSE:IONQ) Stock

IonQ, Inc. (NYSE:IONQGet Free Report) Director William Teuber, Jr. acquired 3,000 shares of IonQ stock in a transaction dated Friday, February 27th. The stock was 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 owned 9,413 shares of the company’s stock, valued at approximately $361,270.94. The trade was a 46.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

IonQ Stock Down 6.3%

IonQ stock opened at $38.30 on Friday. The stock has a 50-day moving average price of $42.58 and a 200 day moving average price of $50.33. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of -15.38 and a beta of 2.63. IonQ, Inc. has a 52 week low of $17.88 and a 52 week high of $84.64.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on IONQ shares. Jefferies Financial Group started coverage on shares of IonQ in a research note on Tuesday, December 16th. They issued a “buy” rating and a $100.00 price objective on the stock. Wedbush began coverage on shares of IonQ in a report on Wednesday, December 17th. They issued an “outperform” rating and a $60.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 price target on shares of IonQ in a research report on Thursday. JPMorgan Chase & Co. reduced their price objective on IonQ from $47.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Benchmark decreased their price objective on IonQ from $75.00 to $65.00 and set a “buy” rating for the company in a report on Thursday. 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.45.

Check Out Our Latest Report on IONQ

More IonQ News

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Hedge Funds Weigh In On IonQ

Large investors have recently bought and sold shares of the business. Archer Investment Corp grew its holdings in IonQ by 119.3% in the second quarter. Archer Investment Corp now owns 592 shares of the company’s stock valued at $25,000 after purchasing an additional 322 shares during the period. Stone House Investment Management LLC lifted its position in shares of IonQ by 700.0% during the 3rd 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 in the last quarter. Ameriflex Group Inc. lifted its position in shares of IonQ by 485.7% during the 3rd quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock valued at $25,000 after buying an additional 340 shares in the last quarter. Hilltop National Bank grew its stake in IonQ by 112.5% in the 3rd quarter. Hilltop National Bank now owns 425 shares of the company’s stock valued at $26,000 after acquiring an additional 225 shares during the period. Finally, Accent Capital Management LLC increased its holdings in IonQ by 171.8% in the 4th quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock worth $26,000 after acquiring an additional 371 shares in the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.

About IonQ

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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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