5,909 Shares in IonQ, Inc. $IONQ Acquired by Rathbones Group PLC

Rathbones Group PLC acquired a new stake in shares of IonQ, Inc. (NYSE:IONQ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,909 shares of the company’s stock, valued at approximately $254,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake in shares of IonQ by 4.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,882 shares of the company’s stock worth $296,000 after purchasing an additional 306 shares in the last quarter. Prospera Financial Services Inc grew its position in IonQ by 0.8% in the second quarter. Prospera Financial Services Inc now owns 42,286 shares of the company’s stock worth $1,817,000 after acquiring an additional 320 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of IonQ by 1.8% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 21,118 shares of the company’s stock worth $907,000 after purchasing an additional 378 shares during the last quarter. Spire Wealth Management raised its holdings in shares of IonQ by 58.0% during the 2nd quarter. Spire Wealth Management now owns 1,090 shares of the company’s stock valued at $47,000 after purchasing an additional 400 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in shares of IonQ by 61.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 1,308 shares of the company’s stock valued at $56,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 41.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Benchmark increased their price objective on IonQ from $55.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Sanford C. Bernstein started coverage on IonQ in a report on Wednesday, July 30th. They set a “market perform” rating on the stock. Wolfe Research initiated coverage on shares of IonQ in a research note on Wednesday, July 30th. They issued a “peer perform” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of IonQ in a report on Wednesday, October 8th. Finally, Morgan Stanley lifted their target price on shares of IonQ from $32.00 to $58.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, IonQ has an average rating of “Hold” and a consensus price target of $68.11.

Insider Buying and Selling at IonQ

In related news, CEO Masi Niccolo De sold 16,120 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $44.40, for a total value of $715,728.00. Following the sale, the chief executive officer owned 1,181,186 shares of the company’s stock, valued at $52,444,658.40. The trade was a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Rima Alameddine sold 19,976 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $44.40, for a total transaction of $886,934.40. Following the transaction, the executive owned 532,616 shares of the company’s stock, valued at approximately $23,648,150.40. This represents a 3.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 113,622 shares of company stock worth $4,931,896 in the last 90 days. 5.20% of the stock is currently owned by insiders.

IonQ Trading Down 1.8%

Shares of IONQ stock opened at $54.39 on Wednesday. IonQ, Inc. has a 12 month low of $17.88 and a 12 month high of $84.64. The company has a market capitalization of $18.90 billion, a P/E ratio of -10.17 and a beta of 2.59. The stock has a 50 day moving average of $62.09 and a two-hundred day moving average of $47.54.

IonQ (NYSE:IONQ) last issued its earnings results on Wednesday, November 5th. The company reported ($3.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($3.14). The firm had revenue of $39.87 million during the quarter, compared to analyst estimates of $26.99 million. IonQ had a negative net margin of 1,836.32% and a negative return on equity of 127.06%. The business’s revenue for the quarter was up 221.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.24) earnings per share. IonQ has set its FY 2025 guidance at EPS. Sell-side analysts predict that IonQ, Inc. will post -0.86 earnings per share for the current fiscal year.

IonQ Company Profile

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.