Ieq Capital LLC Makes New Investment in IonQ, Inc. $IONQ

Ieq Capital LLC acquired a new position in shares of IonQ, Inc. (NYSE:IONQ - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,133 shares of the company's stock, valued at approximately $202,000.

Several other large investors have also modified their holdings of the stock. Stifel Financial Corp purchased a new position in IonQ in the fourth quarter valued at approximately $378,000. Mercer Global Advisors Inc. ADV purchased a new position in IonQ in the fourth quarter valued at approximately $474,000. Ameriprise Financial Inc. purchased a new position in IonQ in the fourth quarter valued at approximately $29,519,000. BNP Paribas Financial Markets purchased a new position in IonQ in the fourth quarter valued at approximately $1,545,000. Finally, Captrust Financial Advisors raised its holdings in IonQ by 118.5% in the fourth quarter. Captrust Financial Advisors now owns 43,547 shares of the company's stock valued at $1,819,000 after buying an additional 23,620 shares during the period. 41.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at IonQ

In other news, Director Kathryn K. Chou sold 6,789 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $43.14, for a total transaction of $292,877.46. Following the completion of the sale, the director owned 60,839 shares of the company's stock, valued at approximately $2,624,594.46. This trade represents a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas G. Kramer sold 64,578 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $41.82, for a total transaction of $2,700,651.96. Following the sale, the chief financial officer directly owned 473,302 shares of the company's stock, valued at $19,793,489.64. The trade was a 12.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,264,924 shares of company stock worth $363,562,481 over the last three months. 5.20% of the stock is owned by corporate insiders.

IonQ Trading Down 2.0%

NYSE:IONQ traded down $0.83 during trading hours on Monday, hitting $40.97. The stock had a trading volume of 10,450,151 shares, compared to its average volume of 14,617,339. IonQ, Inc. has a 1-year low of $6.54 and a 1-year high of $54.74. The business has a 50 day simple moving average of $41.97 and a two-hundred day simple moving average of $34.61. The company has a market cap of $12.16 billion, a PE ratio of -20.38 and a beta of 2.54.

IonQ (NYSE:IONQ - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.70) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.57). IonQ had a negative return on equity of 67.11% and a negative net margin of 885.21%.The company had revenue of $20.69 million for the quarter, compared to analyst estimates of $17.23 million. During the same period in the previous year, the business posted ($0.18) EPS. The firm's quarterly revenue was up 81.6% compared to the same quarter last year. Research analysts expect that IonQ, Inc. will post -0.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Needham & Company LLC restated a "buy" rating on shares of IonQ in a report on Monday, August 4th. Oppenheimer assumed coverage on shares of IonQ in a report on Wednesday, July 30th. They issued an "outperform" rating on the stock. Cantor Fitzgerald began coverage on shares of IonQ in a report on Wednesday, July 2nd. They issued an "overweight" rating and a $45.00 price target on the stock. Sanford C. Bernstein began coverage on shares of IonQ in a research report on Wednesday, July 30th. They issued a "market perform" rating for the company. Finally, DA Davidson downgraded shares of IonQ from a "buy" rating to a "neutral" rating and set a $35.00 price objective for the company. in a research report on Thursday, August 7th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $46.78.

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.