Nebula Research & Development LLC Takes Position in IonQ, Inc. (NYSE:IONQ)

Nebula Research & Development LLC acquired a new position in IonQ, Inc. (NYSE:IONQ) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 27,005 shares of the company’s stock, valued at approximately $1,128,000.

A number of other institutional investors have also recently bought and sold shares of the business. PDS Planning Inc increased its holdings in shares of IonQ by 2.6% in the 4th quarter. PDS Planning Inc now owns 11,829 shares of the company’s stock valued at $494,000 after purchasing an additional 300 shares during the period. Mariner LLC increased its stake in IonQ by 0.6% in the 4th quarter. Mariner LLC now owns 54,479 shares of the company’s stock valued at $2,276,000 after buying an additional 350 shares during the period. Allworth Financial LP lifted its position in IonQ by 15.2% in the 4th quarter. Allworth Financial LP now owns 2,753 shares of the company’s stock worth $116,000 after buying an additional 363 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of IonQ by 73.2% during the 4th quarter. GAMMA Investing LLC now owns 1,136 shares of the company’s stock valued at $47,000 after buying an additional 480 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of IonQ by 421.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the company’s stock valued at $27,000 after acquiring an additional 501 shares in the last quarter. 41.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Thomas G. Kramer sold 11,712 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $18.57, for a total value of $217,491.84. Following the completion of the sale, the chief financial officer now directly owns 944,510 shares in the company, valued at approximately $17,539,550.70. The trade was a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Rima Alameddine sold 1,407 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $21.20, for a total transaction of $29,828.40. Following the completion of the transaction, the executive now owns 592,615 shares in the company, valued at $12,563,438. The trade was a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,033,166 shares of company stock worth $38,059,593. 11.60% of the stock is currently owned by insiders.

IonQ Stock Performance

IONQ opened at $28.93 on Friday. The company has a market cap of $6.45 billion, a PE ratio of -35.72 and a beta of 2.50. The stock has a 50-day moving average of $24.73 and a 200-day moving average of $29.40. IonQ, Inc. has a 52-week low of $6.22 and a 52-week high of $54.74.

Analyst Upgrades and Downgrades

IONQ has been the subject of several recent research reports. The Goldman Sachs Group increased their price objective on IonQ from $16.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Benchmark reduced their price target on IonQ from $45.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $54.00 price objective on shares of IonQ in a report on Thursday, February 27th. Finally, DA Davidson reduced their target price on shares of IonQ from $50.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.80.

About IonQ

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.