IonQ (NYSE:IONQ) Director Sells $151,690.14 in Stock

IonQ, Inc. (NYSE:IONQ) Director Kathryn Chou sold 2,757 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $55.02, for a total transaction of $151,690.14. Following the sale, the director owned 62,608 shares of the company’s stock, valued at $3,444,692.16. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

IonQ Stock Performance

IonQ stock opened at $53.46 on Thursday. The firm has a market cap of $19.95 billion, a price-to-earnings ratio of -190.92 and a beta of 3.18. IonQ, Inc. has a 1 year low of $25.89 and a 1 year high of $84.64. The firm’s 50 day moving average price is $54.67 and its two-hundred day moving average price is $45.09.

IonQ (NYSE:IONQ) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.08). The company had revenue of $64.67 million for the quarter, compared to analyst estimates of $49.75 million. IonQ had a net margin of 174.88% and a negative return on equity of 23.20%. IonQ’s revenue was up 754.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.14) EPS. As a group, equities analysts predict that IonQ, Inc. will post -2.26 EPS for the current fiscal year.

Key Stories Impacting IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Trump’s executive orders on quantum computing and post-quantum cryptography could benefit IonQ by accelerating federal funding, partnerships, and demand for quantum-security solutions. Article link
• Positive Sentiment: Northland Securities raised its price target on IonQ to $70 and kept an outperform rating, reinforcing bullish analyst sentiment. Article link
• Positive Sentiment: IonQ’s recent product momentum and broader growth narrative around networking, sensing, and security continue to attract investor interest. Article link
• Neutral Sentiment: IonQ disclosed insider selling by a director, but the transactions were relatively small and do not by themselves change the company’s operating outlook. Article link
• Negative Sentiment: Recent commentary highlights that IonQ’s valuation remains rich, while rising costs, execution risk, and macro pressure could limit near-term upside. Article link
• Negative Sentiment: Several insiders, including directors, sold shares in recent days, which can add caution even though the sales were not large relative to IonQ’s market value. Article link

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on IONQ shares. Jefferies Financial Group set a $85.00 target price on IonQ in a report on Thursday, May 7th. Morgan Stanley set a $48.50 price objective on IonQ in a report on Thursday, May 7th. Wedbush reaffirmed an “outperform” rating and set a $60.00 price objective on shares of IonQ in a research note on Monday, May 4th. DA Davidson decreased their target price 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. Finally, Benchmark dropped their target price on shares of IonQ from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Ten 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rathbones Group PLC lifted its stake in IonQ by 13.0% in the 1st quarter. Rathbones Group PLC now owns 13,032 shares of the company’s stock worth $376,000 after acquiring an additional 1,500 shares in the last quarter. NewEdge Advisors LLC grew its stake in IonQ by 7.0% during the 1st quarter. NewEdge Advisors LLC now owns 24,747 shares of the company’s stock valued at $713,000 after acquiring an additional 1,612 shares in the last quarter. Asset Dedication LLC grew its stake in IonQ by 1,556.8% during the 1st quarter. Asset Dedication LLC now owns 2,071 shares of the company’s stock valued at $60,000 after acquiring an additional 1,946 shares in the last quarter. Cim Investment Management Inc. acquired a new position in shares of IonQ in the 1st quarter valued at about $481,000. Finally, JTC Employer Solutions Trustee Ltd increased its holdings in shares of IonQ by 62.8% in the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 10,372 shares of the company’s stock valued at $299,000 after purchasing an additional 4,000 shares during the period. Hedge funds and other institutional investors 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.