5,444 Shares in IonQ, Inc. $IONQ Bought by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of IonQ, Inc. (NYSE:IONQ) during the 2nd quarter, HoldingsChannel reports. The firm bought 5,444 shares of the company’s stock, valued at approximately $234,000.

Other large investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new position in shares of IonQ in the second quarter valued at about $46,000. Private Trust Co. NA purchased a new stake in IonQ in the second quarter valued at approximately $52,000. Close Asset Management Ltd purchased a new stake in IonQ in the first quarter valued at approximately $35,000. SVB Wealth LLC purchased a new stake in IonQ in the first quarter valued at approximately $35,000. Finally, Golden State Wealth Management LLC boosted its position in IonQ by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,616 shares of the company’s stock valued at $36,000 after buying an additional 808 shares during the last quarter. Hedge funds and other institutional investors own 41.42% of the company’s stock.

Insider Buying and Selling

In other news, CEO Masi Niccolo De sold 16,120 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $44.40, for a total value 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. The trade was a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert T. Cardillo sold 8,773 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $50.52, for a total value of $443,211.96. Following the transaction, the insider owned 37,436 shares in the company, valued at $1,891,266.72. This trade represents a 18.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,398 shares of company stock valued at $5,665,690 in the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wolfe Research assumed coverage on IonQ in a research report on Wednesday, July 30th. They issued a “peer perform” rating on the stock. DA Davidson lowered IonQ from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research report on Thursday, August 7th. Sanford C. Bernstein assumed coverage on IonQ in a research report on Wednesday, July 30th. They issued a “market perform” rating on the stock. Benchmark upped their target price on IonQ from $55.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Finally, Needham & Company LLC upped their target price on IonQ from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, IonQ currently has a consensus rating of “Hold” and a consensus price target of $58.33.

IonQ Stock Performance

IONQ opened at $59.44 on Friday. The company has a fifty day moving average of $57.42 and a two-hundred day moving average of $44.15. The stock has a market capitalization of $17.65 billion, a price-to-earnings ratio of -29.57 and a beta of 2.60. IonQ, Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $84.64.

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

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.