Hamilton Lane Advisors LLC Sells 65,000 Shares of IonQ, Inc. $IONQ

Key Points

• Hamilton Lane Advisors LLC cut its stake in IonQ by 25% (sold 65,000 shares), leaving it with 195,000 shares worth about $8.75 million and making IonQ its 7th largest holding (≈4.8% of the firm's portfolio).
• Insiders have been net sellers recently—John W. Raymond sold 2,800 shares and Robert T. Cardillo sold 5,165, with insiders offloading 8,581 shares in the last 90 days and now owning 5.20% of the company.
• Analysts maintain a "Moderate Buy" consensus on IonQ with an average price target of $69.45, while the stock traded around $29.33 and has a 52‑week range of $18.81–$84.64.

Hamilton Lane Advisors LLC cut its holdings in shares of IonQ, Inc. (NYSE:IONQ - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 195,000 shares of the company's stock after selling 65,000 shares during the period. IonQ makes up approximately 4.8% of Hamilton Lane Advisors LLC's investment portfolio, making the stock its 7th largest holding. Hamilton Lane Advisors LLC owned 0.06% of IonQ worth $8,750,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IONQ. Hilltop National Bank lifted its position in IonQ by 112.5% in the 3rd quarter. Hilltop National Bank now owns 425 shares of the company's stock valued at $26,000 after acquiring an additional 225 shares in the last quarter. International Assets Investment Management LLC increased its holdings in IonQ by 4.3% during the 3rd quarter. International Assets Investment Management LLC now owns 5,679 shares of the company's stock worth $349,000 after purchasing an additional 235 shares in the last quarter. Lauer Wealth LLC increased its holdings in IonQ by 5.5% during the 3rd quarter. Lauer Wealth LLC now owns 4,852 shares of the company's stock worth $298,000 after purchasing an additional 255 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of IonQ by 11.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,480 shares of the company's stock valued at $153,000 after purchasing an additional 261 shares during the period. Finally, Beaird Harris Wealth Management LLC raised its stake 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 during the period. 41.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IONQ has been the subject of several recent research reports. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of IonQ in a research report on Monday, February 9th. Wall Street Zen raised IonQ from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. 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 note on Thursday, February 26th. Mizuho started coverage on IonQ in a research report on Thursday, December 11th. They set an "outperform" rating and a $90.00 price target for the company. Finally, Wedbush started coverage on shares of IonQ in a research note on Wednesday, December 17th. They set an "outperform" rating and a $60.00 price target for the company. Nine analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, IonQ currently has an average rating of "Moderate Buy" and a consensus price target of $69.45.

Insider Activity at IonQ

In related news, insider John W. Raymond sold 2,800 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $33.34, for a total transaction of $93,352.00. Following the completion of the transaction, the insider directly owned 83,963 shares of the company's stock, valued at approximately $2,799,326.42. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert T. Cardillo sold 5,165 shares of the firm's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $39.44, for a total value of $203,707.60. Following the completion of the transaction, the insider owned 112,291 shares of the company's stock, valued at approximately $4,428,757.04. This represents a 4.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over 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 Price Performance

Shares of NYSE IONQ opened at $29.33 on Friday. The stock has a market capitalization of $10.75 billion, a price-to-earnings ratio of -11.78 and a beta of 2.80. The business has a 50-day moving average of $34.43 and a 200-day moving average of $48.55. IonQ, Inc. has a fifty-two week low of $18.81 and a fifty-two week high of $84.64.

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.

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