IonQ, Inc. $IONQ Stock Sold by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management cut its IonQ stake by 54.2% in the third quarter, selling 68,077 shares and retaining 57,576 shares valued at about $2.5 million. Institutional investors and hedge funds collectively own 41.42% of the stock.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $60.23, although several firms recently lowered their targets.
• IonQ reported quarterly revenue of $173.83 million, up 336% year over year and above estimates, and beat analysts’ EPS expectations. Shares fell 6.4% on Friday to $28.90.

Pictet Asset Management Holding SA decreased its holdings in shares of IonQ, Inc. (NYSE:IONQ - Free Report) by 54.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,576 shares of the company's stock after selling 68,077 shares during the quarter. Pictet Asset Management Holding SA's holdings in IonQ were worth $2,525,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Parallel Advisors LLC lifted its stake in IonQ by 10.1% in the 3rd quarter. Parallel Advisors LLC now owns 4,511 shares of the company's stock worth $198,000 after purchasing an additional 415 shares in the last quarter. Heritage Family Offices LLP acquired a new stake in shares of IonQ in the 3rd quarter worth $46,000. Kestra Advisory Services LLC raised its stake in IonQ by 9.1% during the third quarter. Kestra Advisory Services LLC now owns 200,889 shares of the company's stock worth $8,811,000 after purchasing an additional 16,839 shares during the period. B&D White Capital Company LLC purchased a new position in IonQ in the third quarter worth approximately $3,439,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of IonQ by 21.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 123,630 shares of the company's stock worth $5,422,000 after purchasing an additional 21,534 shares during the period. 41.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on IONQ shares. Needham & Company LLC cut their price objective on IonQ from $65.00 to $48.00 and set a "buy" rating on the stock in a report on Friday, November 6th. Mizuho reduced their price target on shares of IonQ from $61.00 to $52.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 9th. Benchmark reissued a "buy" rating and issued a $60.00 price objective on shares of IonQ in a research note on Thursday, August 6th. B. Riley Financial dropped their price objective on shares of IonQ from $100.00 to $75.00 and set a "buy" rating for the company in a report on Monday, November 2nd. Finally, Morgan Stanley cut their target price on shares of IonQ from $49.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 15th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, IonQ has an average rating of "Moderate Buy" and an average price target of $60.23.

Insider Activity at IonQ

In other IonQ news, insider John Raymond sold 2,407 shares of IonQ stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $37.21, for a total transaction of $89,564.47. Following the completion of the sale, the insider directly owned 77,741 shares of the company's stock, valued at $2,892,742.61. The trade was a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.55% of the company's stock.

IonQ Stock Down 6.4%

Shares of IONQ stock traded down $1.96 during trading hours on Friday, reaching $28.90. 21,793,838 shares of the stock were exchanged, compared to its average volume of 21,954,904. The business's fifty day moving average is $36.34 and its two-hundred day moving average is $41.23. The firm has a market capitalization of $12.50 billion, a P/E ratio of 107.03 and a beta of 3.32. IonQ, Inc. has a 12-month low of $24.92 and a 12-month high of $73.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.24 and a quick ratio of 10.66.

IonQ (NYSE:IONQ - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.06. IonQ had a net margin of 67.09% and a return on equity of 0.18%. The company had revenue of $173.83 million during the quarter, compared to analysts' expectations of $141.49 million. During the same quarter in the previous year, the business posted ($3.58) EPS. The firm's revenue was up 336.0% on a year-over-year basis. As a group, research analysts expect that IonQ, Inc. will post -2.96 EPS for the current fiscal year.

More IonQ News

Investors following IONQ have been watching these news items:

• Positive Sentiment: IonQ reported third-quarter revenue growth of 336% year over year and raised its 2026 revenue guidance to $505 million–$515 million. One report noted that nearly half of quarterly revenue came from the chip foundry acquired in July, so the growth mix is worth watching. Article: IonQ Is Up 3% in a Week. Is Its “Industry Record” Guidance Really That Good?
• Positive Sentiment: The company reported progress to Stage C of DARPA’s Quantum Benchmarking Initiative, highlighting its “walking cat” fault-tolerant design. The work focuses on validating practical quantum-computing value, including potential national-security and energy applications. Article: IonQ Reaches DARPA Stage C With Its Walking Cat Quantum Design
• Negative Sentiment: Singh’s immediate exit has raised questions about leadership continuity. IonQ shares have declined amid the news, with reports also citing broader tech-market pessimism after Nvidia’s management changes and weak quantum-sector results. Industry concerns about quantum computing’s ability to demonstrate near-term returns may add to pressure. Article: It’s not just Nvidia, IonQ stock is also slipping on leadership shake-up

IonQ Profile

IonQ, Inc. develops quantum computers and related technologies using trapped-ion qubits, which store information in individual charged atoms. The company designs quantum computing hardware and software for applications that may benefit from quantum processing, including optimization, chemistry, and machine learning. IonQ makes its quantum systems available to businesses, government agencies, and researchers through its cloud service and third-party platforms, including Amazon Braket and Microsoft Azure Quantum.

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