IonQ, Inc. $IONQ Stock Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its IonQ stake by 60.7% in the second quarter, selling 35,681 shares and retaining 23,085 shares valued at approximately $1.23 million.
• Institutional ownership remains significant at 41.42%, with some investors—including Amundi and HighTower Advisors—adding shares while others opened new positions. IonQ insider John Raymond also sold 2,407 shares in September.
• IonQ reported stronger-than-expected quarterly results, including $80.05 million in revenue, up 286.7% year over year, but remains unprofitable. Analysts have a “Moderate Buy” consensus and an average price target of $64.18, while investors continue to weigh the company’s technological progress against its high valuation and losses.

Corient Private Wealth LP reduced its stake in shares of IonQ, Inc. (NYSE:IONQ - Free Report) by 60.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,085 shares of the company's stock after selling 35,681 shares during the period. Corient Private Wealth LP's holdings in IonQ were worth $1,230,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Amundi lifted its stake in IonQ by 15.5% during the 2nd quarter. Amundi now owns 1,070,703 shares of the company's stock valued at $57,026,000 after acquiring an additional 143,714 shares during the period. HighTower Advisors LLC raised its holdings in shares of IonQ by 27.4% during the second quarter. HighTower Advisors LLC now owns 88,142 shares of the company's stock worth $4,694,000 after purchasing an additional 18,953 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of IonQ during the second quarter worth $10,819,000. Carlson Financial Inc. acquired a new position in IonQ during the second quarter valued at $366,000. Finally, Ameritas Advisory Services LLC purchased a new stake in IonQ in the second quarter valued at $335,000. 41.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at IonQ

In related news, insider John Raymond sold 2,407 shares of IonQ stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $37.21, for a total value of $89,564.47. Following the completion of the sale, the insider owned 77,741 shares in the company, valued at approximately $2,892,742.61. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.55% of the company's stock.

IonQ Stock Performance

Shares of IonQ stock opened at $45.57 on Friday. The firm has a market capitalization of $17.36 billion, a price-to-earnings ratio of -9.78 and a beta of 3.30. IonQ, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $84.64. The stock has a 50 day moving average of $39.77 and a 200 day moving average of $44.02.

IonQ (NYSE:IONQ - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.23. The business had revenue of $80.05 million for the quarter, compared to analyst estimates of $66.47 million. IonQ had a negative return on equity of 22.29% and a negative net margin of 553.27%.The company's quarterly revenue was up 286.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.70) EPS. Analysts forecast that IonQ, Inc. will post -2.11 EPS for the current year.

Trending Headlines about IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ’s demonstration of real-time quantum error correction is being viewed as an important step toward fault-tolerant and commercially useful quantum computing. The technology could help address one of the industry’s biggest barriers to adoption. IonQ Removes Major Quantum Barrier
• Positive Sentiment: NVIDIA is working with IonQ to integrate quantum systems with advanced AI infrastructure, adding credibility and visibility to IonQ’s commercialization efforts. The partnership has helped fuel investor interest in the stock. Why IonQ Stock Is Up Today
• Positive Sentiment: IonQ secured a contract to deliver its Superion 256-qubit trapped-ion quantum computer to Florida International University. The deployment would be the first sale of the platform in Florida and expands IonQ’s on-premises academic customer base. IonQ’s Superion 256 Platform Selected by Florida International University
• Neutral Sentiment: Analyst and investor commentary is split: IonQ’s technical progress strengthens its long-term opportunity, but meaningful revenue from broad commercial adoption may take time. The company’s investment case therefore depends heavily on execution and progress toward commercialization. Can IonQ’s AI Breakthrough Drive Revenue?
• Negative Sentiment: Quantum-computing shares have begun giving back part of their sharp rally, as traders take profits and question whether current valuations adequately reflect near-term fundamentals. IonQ remains unprofitable, making the stock particularly sensitive to changes in sentiment and interest rates. Quantum Computing Stocks Tumble After Stunning Rally
• Negative Sentiment: Critics argue that IonQ’s substantial losses and speculative valuation could outweigh the near-term impact of its breakthroughs. The company’s recent revenue growth is encouraging, but investors still need evidence that technical advances will translate into recurring, profitable sales. IonQ: Nvidia QPU Catalyst Isn’t Enough

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Northland Securities raised their target price on IonQ from $55.00 to $70.00 and gave the stock an "outperform" rating in a report on Monday, June 22nd. Rosenblatt Securities reaffirmed a "buy" rating and set a $100.00 price objective on shares of IonQ in a research note on Wednesday, September 9th. Benchmark reaffirmed a "buy" rating and set a $60.00 target price on shares of IonQ in a report on Thursday, August 6th. Wall Street Zen cut shares of IonQ from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 8th. Finally, B. Riley Financial reissued a "buy" rating on shares of IonQ in a report on Wednesday, September 9th. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.18.

IonQ Company Profile

IonQ, Inc is a quantum computing company that develops and commercializes quantum computers based on trapped-ion technology. Its systems are designed to perform specialized computations that may be difficult for classical computers, with potential applications in areas such as optimization, materials science, drug discovery, artificial intelligence and financial modeling.

The company provides access to its quantum processors through cloud platforms, including Amazon Web Services' Amazon Braket, Microsoft Azure Quantum and Google Cloud.

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