IonQ (NYSE:IONQ) Shares Up 3.2%

Shares of IonQ Inc (NYSE:IONQ) shot up 3.2% during trading on Friday . The stock traded as high as $13.43 and last traded at $13.40. 11,852 shares traded hands during trading, a decline of 100% from the average session volume of 3,966,486 shares. The stock had previously closed at $12.98.

IONQ has been the topic of several research analyst reports. Benchmark raised their price objective on shares of IonQ from $18.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, November 16th. Craig Hallum lifted their price objective on IonQ from $20.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, November 16th. Finally, The Goldman Sachs Group cut their price objective on IonQ from $28.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, December 17th.

The firm’s 50-day moving average is $19.49.

IonQ (NYSE:IONQ) last announced its quarterly earnings data on Monday, November 15th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $0.23 million during the quarter.

In related news, Director Harry L. You sold 902,360 shares of the firm’s stock in a transaction that occurred on Wednesday, December 8th. The stock was sold at an average price of $21.23, for a total transaction of $19,157,102.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harry L. You sold 1,772,640 shares of IonQ stock in a transaction that occurred on Friday, December 3rd. The shares were sold at an average price of $25.95, for a total value of $46,000,008.00. The disclosure for this sale can be found here.

A hedge fund recently bought a new stake in IonQ stock. DNB Asset Management AS bought a new stake in shares of IonQ Inc (NYSE:IONQ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 48,413 shares of the company’s stock, valued at approximately $809,000. Institutional investors and hedge funds own 39.14% of the company’s stock.

About IonQ (NYSE:IONQ)

IonQ Inc provides quantum system through the cloud on Amazon Braket, Microsoft Azure and Google Cloud, as well as through direct API access. IonQ Inc, formerly known as dMY Technology Group Inc III., is based in COLLEGE PARK, Md.

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