California Public Employees Retirement System Decreases Stake in IonQ, Inc. $IONQ

California Public Employees Retirement System reduced its holdings in shares of IonQ, Inc. (NYSE:IONQ) by 25.1% during the first quarter, HoldingsChannel reports. The firm owned 421,295 shares of the company’s stock after selling 141,544 shares during the period. California Public Employees Retirement System’s holdings in IonQ were worth $12,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Accent Capital Management LLC raised its position 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 buying an additional 371 shares during the last quarter. Fortitude Family Office LLC grew its stake in shares of IonQ by 3,800.0% in the fourth quarter. Fortitude Family Office LLC now owns 624 shares of the company’s stock worth $28,000 after acquiring an additional 608 shares during the period. PeakShares LLC purchased a new position in shares of IonQ during the first quarter valued at approximately $29,000. Beaird Harris Wealth Management LLC lifted its position in IonQ by 117.4% during the third quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock valued at $31,000 after purchasing an additional 270 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in IonQ by 50.5% in the second quarter. EverSource Wealth Advisors LLC now owns 831 shares of the company’s stock worth $36,000 after purchasing an additional 279 shares during the last quarter. 41.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Robert T. Cardillo sold 3,773 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $49.90, for a total transaction of $188,272.70. Following the sale, the insider owned 139,967 shares of the company’s stock, valued at $6,984,353.30. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John W. Raymond sold 3,815 shares of IonQ stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.01, for a total value of $209,863.15. Following the completion of the transaction, the insider owned 80,148 shares in the company, valued at $4,408,941.48. This trade represents a 4.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 13,102 shares of company stock valued at $701,489. Company insiders own 0.55% of the company’s stock.

Key Stories Impacting IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Several recent articles argue IonQ remains one of the most compelling quantum computing names, citing its technology leadership and potential as a pioneer in the space. Got $1,000? This Under-the-Radar Quantum Computing Pioneer Could Be a Brilliant Buy
• Positive Sentiment: Wall Street’s generally bullish stance on IonQ is supporting the stock, with coverage suggesting analysts still view it favorably despite debate over how reliable those ratings are. Is It Worth Investing in IonQ (IONQ) Based on Wall Street’s Bullish Views?
• Positive Sentiment: New research from IonQ and QuantumBasel on quantum AI workloads highlighted a potential energy-efficiency advantage over classical GPU approaches, which could strengthen the investment case if the technology proves commercially useful. IonQ (IONQ) Says Quantum AI Research Cuts Energy Use Beyond 34 Qubits
• Neutral Sentiment: Multiple comparisons with QBTS ahead of Q2 earnings keep IonQ in focus, but the discussion is mainly about relative positioning and commercial momentum rather than a clear catalyst by itself. IONQ or QBTS: Which Quantum Stock Should You Buy Ahead of Q2 Earnings?
• Neutral Sentiment: Broader market commentary continues to frame IonQ as part of a volatile quantum “bubble,” with extreme valuations and limited revenues keeping sentiment mixed and the stock vulnerable to swings. The Quantum Bubble Is Real Enough to Take Seriously (IONQ)
• Negative Sentiment: Some market commentary warns that quantum stocks like IonQ have fallen sharply from highs and remain expensive relative to fundamentals, which is weighing on investor sentiment despite ongoing enthusiasm. The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence (IONQ)

IonQ Stock Performance

Shares of IONQ opened at $32.81 on Friday. The stock has a market capitalization of $12.25 billion, a PE ratio of -117.17 and a beta of 3.23. IonQ, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $84.64. The company has a 50 day moving average price of $52.54 and a 200-day moving average price of $44.15.

IonQ (NYSE:IONQ) last announced its earnings results on Wednesday, May 6th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.08). IonQ had a net margin of 174.88% and a negative return on equity of 23.20%. The company had revenue of $64.67 million for the quarter, compared to the consensus estimate of $49.75 million. During the same period last year, the business posted ($0.14) EPS. The firm’s revenue was up 754.7% compared to the same quarter last year. Equities research analysts forecast that IonQ, Inc. will post -2.26 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Jefferies Financial Group set a $85.00 target price on shares of IonQ in a research report on Thursday, May 7th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price target on shares of IonQ in a report on Thursday, June 11th. Weiss Ratings upgraded IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of IonQ in a report on Monday, May 4th. Finally, Wall Street Zen upgraded IonQ from a “strong sell” rating to a “sell” rating in a research report on Saturday. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.88.

IonQ 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.