Cross Staff Investments Inc purchased a new stake in shares of IonQ, Inc. (NYSE:IONQ – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $215,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of IONQ. GAMMA Investing LLC raised its holdings in IonQ by 4,683.1% during the 1st quarter. GAMMA Investing LLC now owns 54,336 shares of the company’s stock valued at $1,199,000 after buying an additional 53,200 shares during the period. Farther Finance Advisors LLC raised its holdings in IonQ by 780.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,461 shares of the company’s stock valued at $34,000 after buying an additional 1,295 shares during the period. SG Americas Securities LLC raised its holdings in IonQ by 60.2% during the 1st quarter. SG Americas Securities LLC now owns 12,818 shares of the company’s stock valued at $283,000 after buying an additional 4,818 shares during the period. Janney Montgomery Scott LLC raised its holdings in IonQ by 32.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,476 shares of the company’s stock valued at $606,000 after buying an additional 6,717 shares during the period. Finally, Kingswood Wealth Advisors LLC raised its holdings in IonQ by 91.5% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 9,385 shares of the company’s stock valued at $207,000 after buying an additional 4,485 shares during the period. Hedge funds and other institutional investors own 41.42% of the company’s stock.
IonQ Trading Down 8.5%
IONQ opened at $70.88 on Friday. IonQ, Inc. has a 12-month low of $9.62 and a 12-month high of $82.97. The business’s fifty day simple moving average is $53.00 and its 200-day simple moving average is $41.47. The company has a market capitalization of $21.04 billion, a price-to-earnings ratio of -35.26 and a beta of 2.60.
Analysts Set New Price Targets
Several equities analysts have commented on the company. Zacks Research downgraded IonQ from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Oppenheimer assumed coverage on IonQ in a research report on Wednesday, July 30th. They issued an “outperform” rating on the stock. Benchmark upped their price objective on IonQ from $55.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Needham & Company LLC upped their price objective on IonQ from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Finally, DA Davidson downgraded IonQ from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a research report on Thursday, August 7th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, IonQ currently has a consensus rating of “Hold” and a consensus target price of $58.33.
Check Out Our Latest Research Report on IONQ
Insider Activity
In related news, CEO Masi Niccolo De sold 16,120 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $44.40, for a total transaction of $715,728.00. Following the completion of the sale, the chief executive officer directly owned 1,181,186 shares in the company, valued at $52,444,658.40. This represents a 1.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul T. Dacier sold 4,175 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $44.40, for a total value of $185,370.00. Following the sale, the insider owned 114,454 shares of the company’s stock, valued at $5,081,757.60. This trade represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 178,876 shares of company stock worth $7,930,390 over the last ninety days. 5.20% of the stock is currently owned by corporate insiders.
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.
Featured Stories
- Five stocks we like better than IonQ
- Earnings Per Share Calculator: How to Calculate EPS
- 3 Heavily Shorted Stocks That Could Pop on Rate Cuts
- EV Stocks and How to Profit from Them
- Broadcom Gets Second $420 Target as CPO Win Boosts Outlook
- What is the Hang Seng index?
- PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can
Want to see what other hedge funds are holding IONQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IonQ, Inc. (NYSE:IONQ – Free Report).
Receive News & Ratings for IonQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IonQ and related companies with MarketBeat.com's FREE daily email newsletter.