64,423 Shares in IonQ, Inc. $IONQ Purchased by Timothy G. Youngquist 2020 Irrevocable Trust

Timothy G. Youngquist 2020 Irrevocable Trust bought a new stake in IonQ, Inc. (NYSE:IONQ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 64,423 shares of the company’s stock, valued at approximately $3,431,000. IonQ makes up 0.7% of Timothy G. Youngquist 2020 Irrevocable Trust’s portfolio, making the stock its 13th largest holding.

A number of other large investors have also recently bought and sold shares of IONQ. Swedbank AB bought a new stake in IonQ during the fourth quarter worth $2,708,000. Jefferies Financial Group Inc. acquired a new stake in IonQ in the fourth quarter valued at $3,271,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of IonQ by 96.5% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 125,556 shares of the company’s stock valued at $3,620,000 after acquiring an additional 61,656 shares during the period. ProShare Advisors LLC grew its position in shares of IonQ by 30.3% in the 4th quarter. ProShare Advisors LLC now owns 62,184 shares of the company’s stock valued at $2,790,000 after acquiring an additional 14,465 shares during the period. Finally, Simplicity Wealth LLC acquired a new position in shares of IonQ during the 2nd quarter worth about $981,000. Institutional investors and hedge funds own 41.42% of the company’s stock.

Insider Buying and Selling

In related news, Director Gabrielle B. Toledano sold 2,757 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.01, for a total transaction of $151,662.57. Following the completion of the sale, the director owned 11,154 shares of the company’s stock, valued at $613,581.54. This represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kathryn K. Chou sold 2,757 shares of the stock in a transaction dated 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 in the company, valued at $3,444,692.16. The trade was a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,329 shares of company stock valued at $513,216 over the last quarter. 0.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on IONQ. Weiss Ratings restated a “sell (d+)” rating on shares of IonQ in a research note on Friday, August 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $70.00 price objective on shares of IonQ in a report on Thursday, August 6th. Rosenblatt Securities reissued a “buy” rating and issued a $100.00 price objective on shares of IonQ in a research report on Thursday, August 6th. Jefferies Financial Group set a $75.00 target price on shares of IonQ in a research note on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of IonQ from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.92.

IonQ Trading Down 5.8%

Shares of IONQ stock opened at $44.12 on Wednesday. The stock has a market cap of $16.81 billion, a P/E ratio of -9.47 and a beta of 3.28. The stock has a 50 day simple moving average of $45.22 and a 200 day simple moving average of $43.15. IonQ, Inc. has a 1 year low of $25.89 and a 1 year high of $84.64.

IonQ (NYSE:IONQ) last released its earnings results on Wednesday, August 5th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.23. The firm had revenue of $80.05 million during the quarter, compared to the consensus estimate of $66.47 million. IonQ had a negative return on equity of 22.29% and a negative net margin of 553.27%.The company’s revenue was up 286.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.70) EPS. Analysts forecast that IonQ, Inc. will post -2.86 EPS for the current year.

More IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Expanded Canadian access: IonQ and CMC Microsystems signed a memorandum of understanding to integrate IonQ’s commercial trapped-ion quantum systems into Canada’s FABrIC Quantum Computing Sandbox. The agreement is expected to give Canadian researchers and businesses cloud access to IonQ technology, potentially supporting customer adoption and future revenue. IonQ and CMC Microsystems Announce Collaboration to Expand Cloud Quantum Computing Access in Canada
• Positive Sentiment: Networking and security initiatives: Alliances with Sandia National Laboratories and EPB are broadening IonQ’s focus beyond quantum computing hardware into utility-scale systems, quantum communications and security-related applications. The EPB collaboration includes work at the Tennessee Quantum Communications Research Center and a commercial quantum-memory deployment. Why Is IonQ Pushing Deeper Into Quantum Networking And Security?
• Positive Sentiment: Improving operating momentum: IonQ’s second-quarter results featured substantially higher revenue and a raised 2026 outlook. Coverage also characterized IonQ as one of the stronger performers among smaller quantum-computing companies, which supports the investment case relative to some rivals. Two Quantum Computing Stocks Are Starting to Pull Ahead of the Pack
• Neutral Sentiment: Wide valuation range: Analyst commentary presents an $82 bullish scenario and a $26 bearish scenario, highlighting the uncertainty around IonQ’s commercialization pace, competitive position and long-term financial performance. IonQ Stock Prediction: $82 Bull Case vs $26 Bear Case
• Negative Sentiment: Profit-taking and valuation concerns: IonQ’s stock had risen about 16% since its second-quarter earnings release, prompting debate over whether investors should lock in gains. Despite strong revenue growth, the company remains unprofitable, so a premium valuation leaves the shares vulnerable to pullbacks if execution or growth expectations weaken. IonQ Stock Up 16% Since Q2 Earnings: Should You Buy or Book Profits?

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.