26,875 Shares in IonQ, Inc. $IONQ Purchased by M&T Bank Corp

Key Points

• M&T Bank Corp opened a new position in IonQ by purchasing 26,875 shares in Q4, valued at about $1.206 million.
• IonQ reported strong revenue momentum—2025 revenue rose ~202% to roughly $130M and management guided to about $225–245M for 2026—while securing traction with DARPA participation and a Florida quantum‑safe network corridor.
• Insider activity was mixed: Robert T. Cardillo sold 5,165 shares while director William J. Teuber Jr. bought 3,000; insiders own 5.20% of the stock and institutional investors hold 41.42%, though the company remains unprofitable and volatile.

M&T Bank Corp acquired a new position in shares of IonQ, Inc. (NYSE:IONQ - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 26,875 shares of the company's stock, valued at approximately $1,206,000.

A number of other hedge funds have also modified their holdings of IONQ. Stone House Investment Management LLC grew its stake in IonQ by 700.0% in the third quarter. Stone House Investment Management LLC now owns 400 shares of the company's stock valued at $25,000 after purchasing an additional 350 shares in the last quarter. Ameriflex Group Inc. grew its stake in IonQ by 485.7% in the third 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. Financial Consulate Inc. bought a new position in IonQ in the third quarter valued at approximately $29,000. UMB Bank n.a. bought a new position in IonQ in the third quarter valued at approximately $31,000. Finally, Beaird Harris Wealth Management LLC grew its stake in IonQ by 117.4% in the third 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. 41.42% of the stock is currently owned by institutional investors.

Key IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ and Florida LambdaRail agreed to deploy a quantum‑safe network corridor across Florida, moving from trials toward live production use — a concrete commercial customer application that highlights near‑term cybersecurity revenue potential. Florida Quantum Corridor
• Positive Sentiment: IonQ is participating in DARPA’s HARQ program, reinforcing its government / defense credentials and validating its technology with a high‑profile R&D partner — a credibility boost that can support future contract revenue. HARQ Program Involvement
• Positive Sentiment: Revenue momentum remains strong: 2025 revenue grew ~202% to ~$130M and management guided to roughly $225–245M for 2026, indicating rapid top‑line growth that underpins long‑term upside if margins improve. Revenue Growth & Guidance
• Positive Sentiment: Wedbush and other commentators note recent fundamental developments that support a more constructive long‑term view, helping explain the recent momentum into which some investors are now taking profits. Wedbush Commentary
• Neutral Sentiment: Analyst comparisons ahead of Q1 show IonQ with stronger revenue visibility versus some peers (e.g., D‑Wave), which is a positive relative signal but not an outright catalyst by itself. Pre‑Q1 Comparison
• Neutral Sentiment: High recent retail and institutional attention has driven volatility — a reminder that momentum can amplify moves in either direction absent fresh earnings or contract news. Investor Attention
• Negative Sentiment: Shares have pulled back after a big run — articles note daily declines and describe short‑term selling/mean‑reversion as investors lock in gains; IonQ’s high beta amplifies these moves. Daily Decline Coverage
• Negative Sentiment: Despite growth, IonQ remains unprofitable and trades at a rich valuation — some commentary highlights that rivals or industry leaders (favored by big investors) may attract capital away from smaller quantum names. These concerns keep downside risk if execution slips. Competitive/Valuation Concerns

Insider Buying and Selling

In related news, insider Robert T. Cardillo sold 5,165 shares of IonQ stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $39.44, for a total transaction of $203,707.60. Following the completion of the sale, the insider directly owned 112,291 shares of the company's stock, valued at approximately $4,428,757.04. This trade represents a 4.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William J. Teuber, Jr. purchased 3,000 shares of the company's stock in a transaction that occurred on Friday, February 27th. The shares were purchased at an average cost of $38.38 per share, with a total value of $115,140.00. Following the completion of the acquisition, the director owned 9,413 shares in the company, valued at $361,270.94. The trade was a 46.78% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders sold 8,581 shares of company stock valued at $316,156. Insiders own 5.20% of the company's stock.

IonQ Trading Down 2.3%

NYSE:IONQ opened at $42.08 on Thursday. The stock has a market cap of $15.43 billion, a P/E ratio of -16.90 and a beta of 2.80. The stock has a 50 day simple moving average of $35.11 and a 200 day simple moving average of $44.45. IonQ, Inc. has a 1-year low of $25.89 and a 1-year high of $84.64.

Analyst Upgrades and Downgrades

IONQ has been the subject of a number of analyst reports. Morgan Stanley set a $37.00 price target on IonQ in a research note on Thursday, February 26th. Weiss Ratings restated a "sell (d-)" rating on shares of IonQ in a research note on Tuesday, April 21st. Cantor Fitzgerald restated an "overweight" rating on shares of IonQ in a research note on Monday, February 9th. Needham & Company LLC decreased their price target on IonQ from $80.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $100.00 price target on shares of IonQ in a research note on Thursday, February 26th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, IonQ currently has an average rating of "Moderate Buy" and a consensus price target of $68.25.

About IonQ

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.

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