First Trust Advisors LP Sells 94,519 Shares of IonQ, Inc. $IONQ

First Trust Advisors LP reduced its holdings in IonQ, Inc. (NYSE:IONQ) by 60.6% in the 1st quarter, Holdings Channel reports. The fund owned 61,351 shares of the company’s stock after selling 94,519 shares during the quarter. First Trust Advisors LP’s holdings in IonQ were worth $1,769,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of IONQ. Himension Capital Singapore PTE. LTD. lifted its holdings in shares of IonQ by 30.0% during the 1st quarter. Himension Capital Singapore PTE. LTD. now owns 14,117 shares of the company’s stock valued at $407,000 after purchasing an additional 3,260 shares in the last quarter. ABN Amro Investment Solutions grew its position in shares of IonQ by 2.5% in the 1st quarter. ABN Amro Investment Solutions now owns 12,314 shares of the company’s stock valued at $355,000 after purchasing an additional 295 shares during the period. PNC Financial Services Group Inc. increased its stake in IonQ by 50.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 21,269 shares of the company’s stock worth $613,000 after purchasing an additional 7,145 shares in the last quarter. MWA Asset Management bought a new stake in IonQ during the 1st quarter worth approximately $32,000. Finally, Hollencrest Capital Management raised its holdings in IonQ by 163.7% during the 1st quarter. Hollencrest Capital Management now owns 2,927 shares of the company’s stock worth $84,000 after buying an additional 1,817 shares during the period. Institutional investors and hedge funds own 41.42% of the company’s stock.

More IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Record quarterly results and raised outlook: IonQ reported second-quarter revenue of approximately $80.1 million, up 287% year over year and above expectations. The company also raised its 2026 revenue outlook to $280 million–$290 million, reinforcing the view that demand is accelerating. IONQ Q2 Earnings Miss Estimates, Revenues Beat, Stock Rises
• Positive Sentiment: Defense business is expanding: DARPA awarded IonQ a $28 million contract extension, with a potential additional $30 million option, to produce 125 next-generation optical atomic clocks. Separately, IonQ’s Capella space division won an NRO contract for commercial synthetic-aperture-radar data supporting national-security missions. These awards add revenue visibility and strengthen IonQ’s government customer base. DARPA Selects IonQ to Produce Next-Generation Atomic Clocks
• Positive Sentiment: Strategic growth initiatives gained attention: The $1.8 billion SkyWater Technology acquisition is supporting IonQ’s vertically integrated quantum roadmap, including a planned 256-qubit system. Reported remaining performance obligations reached $485 million, while new grid, networking and cybersecurity projects broaden the company’s commercial opportunity. IonQ Sparks a Quantum Grid Revolution
• Positive Sentiment: Analyst sentiment remains bullish: Benchmark, Needham, Cantor Fitzgerald and Rosenblatt reaffirmed positive ratings, with price targets ranging from $60 to $100, helping support the rebound in speculative quantum stocks.
• Neutral Sentiment: IonQ remains a high-volatility, unprofitable growth stock. Analysts see substantial long-term upside if quantum adoption reaches commercial milestones, but the shares are still well below their 52-week high and the company continues to post significant losses. What Sent IonQ Shares Surging and Whether the Momentum Can Last
• Negative Sentiment: IonQ filed a prospectus supplement related to a secondary share resale, which could increase the available share supply and create dilution or selling-pressure concerns. Investors are also still mindful of the stock’s 31.6% July decline and the risk that enthusiasm may fade if quantum commercialization takes longer than expected. IonQ Files Prospectus Supplement for Secondary Share Resale

Insider Activity

In related news, Director Gabrielle B. Toledano sold 2,757 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.01, for a total transaction of $151,662.57. Following the completion of the transaction, the director owned 11,154 shares in the company, valued at approximately $613,581.54. This represents a 19.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $209,863.15. Following the completion of the transaction, the insider directly owned 80,148 shares of the company’s stock, valued at approximately $4,408,941.48. This trade represents a 4.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,329 shares of company stock worth $513,216 over the last ninety days. Insiders own 0.55% of the company’s stock.

IonQ Stock Performance

Shares of IonQ stock opened at $44.48 on Friday. The business’s 50 day simple moving average is $47.97 and its 200 day simple moving average is $43.32. IonQ, Inc. has a 52-week low of $25.89 and a 52-week high of $84.64. The firm has a market cap of $16.60 billion, a PE ratio of -9.55 and a beta of 3.28.

IonQ (NYSE:IONQ) last released its earnings results on Wednesday, August 5th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.23. IonQ had a negative return on equity of 21.75% and a negative net margin of 553.27%.The firm had revenue of $80.05 million for the quarter, compared to analysts’ expectations of $66.47 million. During the same quarter in the previous year, the business posted ($0.70) EPS. The business’s quarterly revenue was up 286.7% compared to the same quarter last year. As a group, equities research analysts predict that IonQ, Inc. will post -2.26 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on IONQ shares. JPMorgan Chase & Co. lifted their price target on shares of IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Morgan Stanley set a $49.00 price objective on shares of IonQ in a research report on Thursday. Needham & Company LLC restated a “buy” rating and set a $65.00 price objective on shares of IonQ in a report on Thursday. Jefferies Financial Group set a $75.00 price objective on shares of IonQ in a research report on Thursday. Finally, Benchmark reaffirmed a “buy” rating and issued a $60.00 target price on shares of IonQ in a research note on Thursday. Nine research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.92.

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. 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.