Aquatic Capital Management LLC Buys 221,873 Shares of IonQ, Inc. $IONQ

Aquatic Capital Management LLC lifted its position in IonQ, Inc. (NYSE:IONQFree Report) by 9,179.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 224,290 shares of the company’s stock after purchasing an additional 221,873 shares during the quarter. Aquatic Capital Management LLC’s holdings in IonQ were worth $13,794,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Archer Investment Corp grew its stake in IonQ by 119.3% during the second quarter. Archer Investment Corp now owns 592 shares of the company’s stock worth $25,000 after buying an additional 322 shares during the last quarter. Stone House Investment Management LLC boosted its holdings in shares of IonQ by 700.0% in the 3rd quarter. Stone House Investment Management LLC now owns 400 shares of the company’s stock worth $25,000 after acquiring an additional 350 shares in the last quarter. Ameriflex Group Inc. grew its position in IonQ by 485.7% during the 3rd quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock worth $25,000 after acquiring an additional 340 shares during the last quarter. Hilltop National Bank increased its holdings in IonQ by 112.5% during the 3rd quarter. Hilltop National Bank now owns 425 shares of the company’s stock valued at $26,000 after purchasing an additional 225 shares in the last quarter. Finally, Financial Consulate Inc. bought a new position in IonQ in the 3rd quarter valued at $29,000. 41.42% of the stock is owned by institutional investors.

Key IonQ News

Here are the key news stories impacting IonQ this week:

IonQ Price Performance

IONQ opened at $33.04 on Friday. The firm has a 50 day simple moving average of $40.13 and a 200 day simple moving average of $50.07. IonQ, Inc. has a fifty-two week low of $18.81 and a fifty-two week high of $84.64. The company has a market cap of $12.11 billion, a price-to-earnings ratio of -13.27 and a beta of 2.61.

Analysts Set New Price Targets

IONQ has been the subject of a number of research reports. Benchmark lowered their target price on IonQ from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. DA Davidson dropped their target price on shares of IonQ from $55.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Morgan Stanley set a $37.00 target price on shares of IonQ in a research report on Thursday, February 26th. Needham & Company LLC lowered their price target on shares of IonQ from $80.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of IonQ in a report on Monday, February 9th. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.45.

View Our Latest Report on IONQ

Insider Activity

In other IonQ news, Director Kathryn K. Chou sold 5,000 shares of the stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director owned 60,839 shares of the company’s stock, valued at approximately $3,346,145. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William J. Teuber, Jr. bought 3,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were bought at an average price of $38.38 per share, with a total value of $115,140.00. Following the completion of the transaction, the director directly owned 9,413 shares in the company, valued at approximately $361,270.94. This trade represents a 46.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 10,781 shares of company stock valued at $497,804 in the last 90 days. 5.20% of the stock is owned by company insiders.

About IonQ

(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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