2,191 Shares in IonQ, Inc. $IONQ Purchased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of IonQ, Inc. (NYSE:IONQ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,191 shares of the company’s stock, valued at approximately $94,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Close Asset Management Ltd bought a new position in shares of IonQ in the first quarter worth about $35,000. SVB Wealth LLC bought a new position in shares of IonQ in the first quarter worth about $35,000. Huntington National Bank lifted its holdings in shares of IonQ by 2,034.0% in the second quarter. Huntington National Bank now owns 1,003 shares of the company’s stock worth $43,000 after acquiring an additional 956 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of IonQ in the second quarter worth about $46,000. Finally, Spire Wealth Management lifted its holdings in shares of IonQ by 58.0% in the second quarter. Spire Wealth Management now owns 1,090 shares of the company’s stock worth $47,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 41.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on IONQ shares. B. Riley increased their target price on shares of IonQ from $75.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Cantor Fitzgerald increased their target price on shares of IonQ from $45.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, September 15th. Sanford C. Bernstein began coverage on shares of IonQ in a report on Wednesday, July 30th. They issued a “market perform” rating for the company. Zacks Research downgraded IonQ from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Finally, 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 note on Monday, September 15th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $61.44.

Insider Buying and Selling at IonQ

In other IonQ news, insider Paul T. Dacier sold 4,175 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $44.40, for a total transaction of $185,370.00. Following the completion of the sale, the insider owned 114,454 shares of the company’s stock, valued at approximately $5,081,757.60. This represents a 3.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Rima Alameddine sold 19,976 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $44.40, for a total transaction of $886,934.40. Following the sale, the executive directly owned 532,616 shares of the company’s stock, valued at $23,648,150.40. This represents a 3.61% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 113,622 shares of company stock worth $4,931,896. Company insiders own 5.20% of the company’s stock.

IonQ Stock Performance

NYSE:IONQ opened at $55.38 on Thursday. The company has a market capitalization of $19.24 billion, a PE ratio of -27.55 and a beta of 2.59. The company has a 50 day simple moving average of $61.00 and a two-hundred day simple moving average of $46.56. IonQ, Inc. has a fifty-two week low of $15.85 and a fifty-two week high of $84.64.

IonQ (NYSE:IONQ) last released its earnings results on Wednesday, August 6th. The company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.57). The firm had revenue of $20.69 million for the quarter, compared to analyst estimates of $17.23 million. IonQ had a negative net margin of 885.21% and a negative return on equity of 67.11%. The business’s revenue for the quarter was up 81.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.18) EPS. Research analysts predict that IonQ, Inc. will post -0.86 EPS for the current year.

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.