Cookson Peirce & Co. Inc. raised its position in IonQ, Inc. (NYSE:IONQ – Free Report) by 18.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 120,447 shares of the company’s stock after acquiring an additional 18,862 shares during the period. Cookson Peirce & Co. Inc.’s holdings in IonQ were worth $6,415,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of IONQ. Royal Bank of Canada grew its stake in shares of IonQ by 12.5% during the 1st quarter. Royal Bank of Canada now owns 134,176 shares of the company’s stock worth $2,962,000 after acquiring an additional 14,898 shares in the last quarter. Amundi bought a new stake in shares of IonQ in the first quarter worth $630,000. AQR Capital Management LLC boosted its holdings in IonQ by 106.2% during the first quarter. AQR Capital Management LLC now owns 57,305 shares of the company’s stock worth $1,265,000 after purchasing an additional 29,513 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in IonQ by 24.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 450,031 shares of the company’s stock worth $9,932,000 after buying an additional 87,428 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of IonQ by 30.3% during the 1st quarter. Focus Partners Wealth now owns 46,782 shares of the company’s stock worth $1,032,000 after buying an additional 10,881 shares during the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.
Insider Activity at IonQ
In other IonQ news, Director Kathryn K. Chou sold 2,757 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $55.02, for a total transaction of $151,690.14. Following the sale, the director directly owned 62,608 shares of the company’s stock, valued at $3,444,692.16. The trade was a 4.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John W. Raymond sold 3,815 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.01, for a total value of $209,863.15. Following the transaction, the insider owned 80,148 shares of the company’s stock, valued at $4,408,941.48. This trade represents a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,329 shares of company stock worth $513,216 in the last quarter. 0.55% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Report on IONQ
IonQ Stock Performance
IONQ stock opened at $39.18 on Friday. IonQ, Inc. has a 52 week low of $25.89 and a 52 week high of $84.64. The company has a market capitalization of $14.93 billion, a PE ratio of -8.41 and a beta of 3.28. The company’s 50-day simple moving average is $42.75 and its 200 day simple moving average is $43.36.
IonQ (NYSE:IONQ – Get Free Report) 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. On average, analysts forecast that IonQ, Inc. will post -2.86 EPS for the current year.
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. 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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