Lansforsakringar Fondforvaltning AB publ Acquires Shares of 98,702 IonQ, Inc. $IONQ

Lansforsakringar Fondforvaltning AB publ bought a new position in IonQ, Inc. (NYSE:IONQFree Report) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 98,702 shares of the company’s stock, valued at approximately $2,846,000.

Several other institutional investors have also made changes to their positions in IONQ. Lauer Wealth LLC raised its holdings in shares of IonQ by 5.3% during the fourth quarter. Lauer Wealth LLC now owns 5,107 shares of the company’s stock valued at $229,000 after acquiring an additional 255 shares during the period. Beaird Harris Wealth Management LLC boosted its stake in IonQ by 117.4% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock worth $31,000 after purchasing an additional 270 shares during the period. EverSource Wealth Advisors LLC boosted its stake in IonQ by 50.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 831 shares of the company’s stock worth $36,000 after purchasing an additional 279 shares during the period. Letson Investment Management Inc. grew its position in IonQ by 2.6% during the 4th quarter. Letson Investment Management Inc. now owns 12,619 shares of the company’s stock worth $566,000 after purchasing an additional 319 shares in the last quarter. Finally, 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 purchasing an additional 340 shares in the last quarter. 41.42% of the stock is owned by hedge funds and other institutional investors.

Key IonQ News

Here are the key news stories impacting IonQ this week:

Insider Activity

In related news, insider John W. Raymond sold 3,815 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.01, for a total value of $209,863.15. Following the transaction, the insider directly owned 80,148 shares in the company, valued at approximately $4,408,941.48. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kathryn K. Chou sold 2,757 shares of IonQ stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.02, for a total transaction of $151,690.14. Following the completion of the transaction, the director owned 62,608 shares in the company, valued at $3,444,692.16. This trade represents a 4.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 13,102 shares of company stock valued at $701,489. 0.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IONQ. Jefferies Financial Group set a $85.00 target price on shares of IonQ in a research note on Thursday, May 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 target price on shares of IonQ in a research report on Thursday, June 11th. JPMorgan Chase & Co. lifted their price target on IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Northland Securities upped their price target on IonQ from $55.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, June 22nd. Finally, Wall Street Zen raised IonQ from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, IonQ has an average rating of “Moderate Buy” and an average price target of $69.88.

Get Our Latest Stock Report on IONQ

IonQ Stock Performance

Shares of IONQ stock opened at $49.14 on Friday. The stock’s 50 day simple moving average is $55.58 and its 200 day simple moving average is $45.06. IonQ, Inc. has a twelve month low of $25.89 and a twelve month high of $84.64. The company has a market capitalization of $18.34 billion, a price-to-earnings ratio of -175.50 and a beta of 3.23.

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

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.

Read More

Want to see what other hedge funds are holding IONQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IonQ, Inc. (NYSE:IONQFree Report).

Institutional Ownership by Quarter for IonQ (NYSE:IONQ)

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