IonQ, Inc. (NYSE:IONQ) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in shares of IonQ, Inc. (NYSE:IONQ - Free Report) by 14.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,695 shares of the company's stock after acquiring an additional 8,677 shares during the quarter. Vontobel Holding Ltd.'s holdings in IonQ were worth $1,560,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. ORG Partners LLC boosted its holdings in shares of IonQ by 348.0% in the first quarter. ORG Partners LLC now owns 1,120 shares of the company's stock valued at $26,000 after purchasing an additional 870 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of IonQ by 421.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the company's stock worth $27,000 after buying an additional 501 shares during the period. Measured Risk Portfolios Inc. purchased a new stake in shares of IonQ in the 4th quarter worth $27,000. TD Waterhouse Canada Inc. purchased a new stake in shares of IonQ in the 4th quarter worth $33,000. Finally, Future Financial Wealth Managment LLC lifted its holdings in shares of IonQ by 50.0% in the 1st quarter. Future Financial Wealth Managment LLC now owns 1,500 shares of the company's stock worth $33,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 41.42% of the company's stock.

Analyst Ratings Changes

IONQ has been the subject of a number of research reports. DA Davidson lowered their price objective on shares of IonQ from $50.00 to $35.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Benchmark upped their price objective on shares of IonQ from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday. Morgan Stanley upped their price target on shares of IonQ from $29.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price target on shares of IonQ in a research report on Wednesday, June 11th. Finally, Cantor Fitzgerald assumed coverage on IonQ in a report on Wednesday, July 2nd. They set an "overweight" rating and a $45.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.43.

Insider Buying and Selling

In other IonQ news, Director Kathryn K. Chou sold 5,000 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $46.18, for a total value of $230,900.00. Following the completion of the transaction, the director owned 67,628 shares of the company's stock, valued at approximately $3,123,061.04. This trade represents a 6.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas G. Kramer sold 72,000 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $42.26, for a total transaction of $3,042,720.00. Following the completion of the transaction, the chief financial officer directly owned 646,516 shares of the company's stock, valued at approximately $27,321,766.16. This represents a 10.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,094,201 shares of company stock valued at $355,891,729 in the last 90 days. 5.20% of the stock is owned by insiders.

IonQ Stock Performance

NYSE:IONQ traded up $0.14 during midday trading on Tuesday, reaching $45.34. 21,571,970 shares of the stock traded hands, compared to its average volume of 19,670,649. IonQ, Inc. has a 12-month low of $6.22 and a 12-month high of $54.74. The business has a 50-day moving average of $38.06 and a two-hundred day moving average of $33.97. The stock has a market capitalization of $11.86 billion, a PE ratio of -30.43 and a beta of 2.55.

IonQ (NYSE:IONQ - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.14. IonQ had a negative return on equity of 63.35% and a negative net margin of 753.20%. The firm had revenue of $7.57 million during the quarter, compared to analyst estimates of $7.51 million. During the same quarter in the prior year, the business posted ($0.19) EPS. The business's revenue for the quarter was down .2% compared to the same quarter last year. Research analysts anticipate that IonQ, Inc. will post -0.86 earnings per share for the current year.

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.