27,500 Shares in IonQ, Inc. $IONQ Purchased by Polianta Ltd

Polianta Ltd acquired a new position in IonQ, Inc. (NYSE:IONQFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 27,500 shares of the company’s stock, valued at approximately $1,233,000.

Several other large investors have also modified their holdings of the business. Stone House Investment Management LLC grew its stake in shares of IonQ by 700.0% during the third quarter. Stone House Investment Management LLC now owns 400 shares of the company’s stock valued at $25,000 after buying an additional 350 shares during the last quarter. Ameriflex Group Inc. raised its holdings in shares of IonQ by 485.7% in the third quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock worth $25,000 after buying an additional 340 shares during the period. Hilltop National Bank lifted its stake in shares of IonQ by 112.5% during the 3rd quarter. Hilltop National Bank now owns 425 shares of the company’s stock worth $26,000 after acquiring an additional 225 shares during the last quarter. Financial Consulate Inc. bought a new stake in shares of IonQ during the 3rd quarter worth approximately $29,000. Finally, UMB Bank n.a. purchased a new position in IonQ during the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 41.42% of the company’s stock.

IonQ Stock Down 3.4%

Shares of NYSE:IONQ opened at $26.58 on Tuesday. The business’s 50 day moving average is $36.04 and its 200 day moving average is $49.23. The stock has a market cap of $9.75 billion, a P/E ratio of -10.68 and a beta of 2.61. IonQ, Inc. has a 52-week low of $18.81 and a 52-week high of $84.64.

IonQ News Summary

Here are the key news stories impacting IonQ this week:

Insiders Place Their Bets

In related news, insider Robert T. Cardillo sold 5,165 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $39.44, for a total value of $203,707.60. Following the completion of the sale, the insider directly owned 112,291 shares of the company’s stock, valued at $4,428,757.04. This represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John W. Raymond sold 2,800 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $33.34, for a total transaction of $93,352.00. Following the transaction, the insider owned 83,963 shares in the company, valued at approximately $2,799,326.42. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 8,581 shares of company stock worth $316,156. 5.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on IonQ from $47.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. DA Davidson lowered 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. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price target on shares of IonQ in a report on Thursday, February 26th. Wall Street Zen raised shares of IonQ from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Needham & Company LLC decreased their price objective 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. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.45.

Get Our Latest Research Report on IonQ

IonQ 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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