Forsta AP Fonden Purchases New Holdings in IonQ, Inc. $IONQ

Forsta AP Fonden bought a new position in IonQ, Inc. (NYSE:IONQFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 122,312 shares of the company’s stock, valued at approximately $5,488,000.

A number of other institutional investors also recently modified their holdings of the stock. Lauer Wealth LLC boosted its stake in shares of IonQ by 5.3% during the 4th quarter. Lauer Wealth LLC now owns 5,107 shares of the company’s stock valued at $229,000 after buying an additional 255 shares during the period. Beaird Harris Wealth Management LLC boosted its stake in shares of IonQ by 117.4% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock valued at $31,000 after buying an additional 270 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of IonQ by 50.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 831 shares of the company’s stock valued at $36,000 after buying an additional 279 shares during the period. Letson Investment Management Inc. boosted its stake in shares of IonQ by 2.6% during the 4th quarter. Letson Investment Management Inc. now owns 12,619 shares of the company’s stock valued at $566,000 after buying an additional 319 shares during the period. Finally, Uptick Partners LLC boosted its stake in shares of IonQ by 5.8% during the 3rd quarter. Uptick Partners LLC now owns 5,905 shares of the company’s stock valued at $363,000 after buying an additional 326 shares during the period. Institutional investors and hedge funds own 41.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Benchmark decreased their target price on shares of IonQ from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Cantor Fitzgerald reissued an “overweight” rating on shares of IonQ in a research note on Monday, February 9th. Northland Securities assumed coverage on shares of IonQ in a research note on Monday, April 20th. They set an “outperform” rating and a $55.00 target price for the company. Weiss Ratings raised shares of IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $100.00 target price on shares of IonQ in a research note on Thursday, February 26th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, IonQ currently has a consensus rating of “Moderate Buy” and an average price target of $68.63.

Get Our Latest Stock Report on IonQ

Insider Buying and Selling at IonQ

In related news, insider John W. Raymond sold 2,800 shares of IonQ stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $33.34, for a total value of $93,352.00. Following the transaction, the insider owned 83,963 shares in the company, valued at $2,799,326.42. This trade represents a 3.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert T. Cardillo sold 3,773 shares of IonQ stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $49.90, for a total transaction of $188,272.70. Following the completion of the transaction, the insider owned 139,967 shares in the company, valued at $6,984,353.30. This trade represents a 2.62% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 5.20% of the company’s stock.

IonQ Price Performance

Shares of IONQ opened at $69.35 on Tuesday. The company has a market capitalization of $25.89 billion, a PE ratio of -247.68 and a beta of 3.18. IonQ, Inc. has a one year low of $25.89 and a one year high of $84.64. The company’s fifty day moving average price is $44.51 and its 200 day moving average price is $43.66.

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

IonQ Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for IonQ (NYSE:IONQ)

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