Granahan Investment Management LLC Has $4.21 Million Stock Position in IonQ, Inc. $IONQ

Key Points

• Granahan Investment Management increased its IonQ stake by 36.8% in the first quarter, ending with 146,012 shares worth about $4.21 million.
• Several other institutional investors also added or opened positions, and 41.42% of IonQ’s stock is now held by institutional investors and hedge funds.
• Despite generally bullish analyst coverage and some positive quantum-computing news, IonQ remains a volatile stock: insiders sold shares recently, and the company still reported a loss on earnings even as revenue jumped sharply year over year.

Granahan Investment Management LLC increased its holdings in IonQ, Inc. (NYSE:IONQ - Free Report) by 36.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,012 shares of the company's stock after acquiring an additional 39,290 shares during the period. Granahan Investment Management LLC's holdings in IonQ were worth $4,210,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new position in IonQ during the 1st quarter valued at about $3,967,000. MWA Asset Management purchased a new stake in shares of IonQ in the first quarter worth approximately $32,000. Himension Capital Singapore PTE. LTD. lifted its position in shares of IonQ by 30.0% in the first quarter. Himension Capital Singapore PTE. LTD. now owns 14,117 shares of the company's stock worth $407,000 after purchasing an additional 3,260 shares in the last quarter. ABN Amro Investment Solutions boosted its holdings in shares of IonQ by 2.5% during the first quarter. ABN Amro Investment Solutions now owns 12,314 shares of the company's stock worth $355,000 after purchasing an additional 295 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of IonQ by 50.6% during the first 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 during the period. 41.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at IonQ

In other news, insider John W. Raymond sold 3,815 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 $209,863.15. Following the transaction, the insider owned 80,148 shares in the company, valued at $4,408,941.48. This represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gabrielle B. Toledano sold 2,757 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 $151,662.57. Following the transaction, the director owned 11,154 shares in the company, valued at $613,581.54. This represents a 19.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 13,102 shares of company stock valued at $701,489. 0.55% of the stock is currently owned by insiders.

IonQ News Roundup

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Several recent articles argue IonQ remains one of the most compelling quantum computing names, citing its technology leadership and potential as a pioneer in the space. Got $1,000? This Under-the-Radar Quantum Computing Pioneer Could Be a Brilliant Buy
• Positive Sentiment: Wall Street’s generally bullish stance on IonQ is supporting the stock, with coverage suggesting analysts still view it favorably despite debate over how reliable those ratings are. Is It Worth Investing in IonQ (IONQ) Based on Wall Street's Bullish Views?
• Positive Sentiment: New research from IonQ and QuantumBasel on quantum AI workloads highlighted a potential energy-efficiency advantage over classical GPU approaches, which could strengthen the investment case if the technology proves commercially useful. IonQ (IONQ) Says Quantum AI Research Cuts Energy Use Beyond 34 Qubits
• Neutral Sentiment: Multiple comparisons with QBTS ahead of Q2 earnings keep IonQ in focus, but the discussion is mainly about relative positioning and commercial momentum rather than a clear catalyst by itself. IONQ or QBTS: Which Quantum Stock Should You Buy Ahead of Q2 Earnings?
• Neutral Sentiment: Broader market commentary continues to frame IonQ as part of a volatile quantum “bubble,” with extreme valuations and limited revenues keeping sentiment mixed and the stock vulnerable to swings. The Quantum Bubble Is Real Enough to Take Seriously (IONQ)
• Negative Sentiment: Some market commentary warns that quantum stocks like IonQ have fallen sharply from highs and remain expensive relative to fundamentals, which is weighing on investor sentiment despite ongoing enthusiasm. The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence (IONQ)

Analyst Ratings Changes

IONQ has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective 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. Wedbush reissued an "outperform" rating and set a $60.00 target price on shares of IonQ in a research note on Monday, May 4th. Morgan Stanley set a $48.50 price target on shares of IonQ in a report on Thursday, May 7th. Jefferies Financial Group set a $85.00 price target on shares of IonQ in a research note on Thursday, May 7th. Finally, Northland Securities increased their price objective on IonQ from $55.00 to $70.00 and gave the stock an "outperform" rating in a report on Monday, June 22nd. Ten 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 MarketBeat.com, IonQ currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.88.

IonQ Stock Performance

Shares of NYSE IONQ opened at $32.81 on Friday. The stock has a market cap of $12.25 billion, a price-to-earnings ratio of -117.17 and a beta of 3.23. The business has a 50 day simple moving average of $52.54 and a 200 day simple moving average of $44.15. IonQ, Inc. has a 52 week low of $25.89 and a 52 week high of $84.64.

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

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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