Altshuler Shaham Ltd Makes New Investment in IonQ, Inc. $IONQ

Altshuler Shaham Ltd purchased a new position in IonQ, Inc. (NYSE:IONQ) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 21,000 shares of the company’s stock, valued at approximately $942,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lauer Wealth LLC boosted its holdings in IonQ by 5.3% in the 4th quarter. Lauer Wealth LLC now owns 5,107 shares of the company’s stock worth $229,000 after acquiring an additional 255 shares during the period. Beaird Harris Wealth Management LLC raised its position in shares of IonQ by 117.4% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of IonQ by 50.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 831 shares of the company’s stock valued at $36,000 after purchasing an additional 279 shares in the last quarter. Letson Investment Management Inc. raised its position in shares of IonQ by 2.6% in the 4th quarter. Letson Investment Management Inc. now owns 12,619 shares of the company’s stock valued at $566,000 after purchasing an additional 319 shares in the last quarter. Finally, Ameriflex Group Inc. raised its position in shares of IonQ by 485.7% in the 3rd quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock valued at $25,000 after purchasing an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 41.42% of the company’s stock.

Insiders Place Their Bets

In other IonQ news, insider Robert T. Cardillo sold 3,773 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $49.90, for a total value of $188,272.70. Following the sale, the insider directly owned 139,967 shares of the company’s stock, valued at $6,984,353.30. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is owned by corporate insiders.

IonQ Trading Down 2.1%

IONQ stock opened at $54.90 on Thursday. The firm has a market cap of $20.49 billion, a P/E ratio of -196.06 and a beta of 3.18. IonQ, Inc. has a 12-month low of $25.89 and a 12-month high of $84.64. The stock’s 50 day simple moving average is $51.90 and its 200 day simple moving average is $44.84.

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

Trending Headlines about IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ introduced Clavis XG Multiplex, a new quantum key distribution product aimed at making quantum security more practical and scalable for metro fiber networks, which could support future enterprise adoption. Article Title
• Positive Sentiment: A Zacks analyst note highlighted IonQ’s commercialization momentum, including a presold 256-qubit system and cost-discipline efforts, reinforcing the company’s growth narrative despite heavy R&D spending. Article Title
• Positive Sentiment: Rosenblatt reiterated a Buy rating and $100 price target, signaling that some Wall Street analysts still see substantial upside. Article Title
• Neutral Sentiment: The Motley Fool noted IonQ remains a sector leader with record revenue growth and a large backlog, but it still trades at a premium valuation, which can keep volatility high. Article Title
• Negative Sentiment: Shares fell alongside other quantum computing names as the sector’s recent rally reversed, suggesting some of the decline is driven by profit-taking and broader sentiment toward the group. Article Title
• Negative Sentiment: Investor attention also remains on IonQ’s losses and heavy R&D spending, which continue to weigh on profitability despite strong revenue growth. Article Title

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Morgan Stanley set a $48.50 target price on IonQ in a research report on Thursday, May 7th. DA Davidson cut their target price on IonQ from $55.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. Needham & Company LLC cut their target price on IonQ from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Jefferies Financial Group set a $85.00 target price on IonQ in a research report on Thursday, May 7th. Finally, Weiss Ratings raised IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Ten 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. Based on data from MarketBeat.com, IonQ currently has an average rating of “Moderate Buy” and a consensus target price of $68.63.

IonQ 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. 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.