Janus Henderson Group PLC Purchases 15,000 Shares of IonQ, Inc. (NYSE:IONQ)

Janus Henderson Group PLC raised its holdings in IonQ, Inc. (NYSE:IONQ - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,941 shares of the company's stock after purchasing an additional 15,000 shares during the quarter. Janus Henderson Group PLC's holdings in IonQ were worth $3,588,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of IONQ. Gotham Asset Management LLC bought a new stake in shares of IonQ during the fourth quarter valued at approximately $474,000. First Manhattan CO. LLC. bought a new position in IonQ in the 4th quarter valued at $7,415,000. FORA Capital LLC acquired a new stake in shares of IonQ in the 4th quarter valued at $2,996,000. Deutsche Bank AG raised its position in shares of IonQ by 79.4% during the fourth quarter. Deutsche Bank AG now owns 213,911 shares of the company's stock worth $8,935,000 after acquiring an additional 94,650 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of IonQ by 120.0% during the fourth quarter. Cetera Investment Advisers now owns 34,033 shares of the company's stock worth $1,422,000 after acquiring an additional 18,566 shares during the last quarter. Institutional investors and hedge funds own 41.42% of the company's stock.

Insider Buying and Selling

In other IonQ news, CRO Rima Alameddine sold 1,407 shares of IonQ stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $21.20, for a total value of $29,828.40. Following the transaction, the executive now owns 592,615 shares of the company's stock, valued at approximately $12,563,438. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Thomas G. Kramer sold 11,712 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $18.57, for a total transaction of $217,491.84. Following the completion of the transaction, the chief financial officer now owns 944,510 shares of the company's stock, valued at $17,539,550.70. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,033,166 shares of company stock valued at $38,059,593. 11.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on IONQ shares. DA Davidson lowered their price objective on IonQ from $50.00 to $35.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Morgan Stanley lifted 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. Benchmark dropped their price target on shares of IonQ from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Needham & Company LLC reduced their price objective on shares of IonQ from $54.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.33.

IonQ Price Performance

Shares of IonQ stock traded down $1.77 during trading on Wednesday, hitting $33.54. 21,289,760 shares of the company were exchanged, compared to its average volume of 16,801,225. The firm has a market capitalization of $7.47 billion, a P/E ratio of -41.41 and a beta of 2.46. The firm's fifty day moving average price is $26.77 and its 200 day moving average price is $31.43. IonQ, Inc. has a 1-year low of $6.22 and a 1-year high of $54.74.

IonQ (NYSE:IONQ - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.28) by $0.14. The firm had revenue of $7.57 million during the quarter, compared to analysts' expectations of $7.51 million. IonQ had a negative net margin of 457.85% and a negative return on equity of 36.82%. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.19) earnings per share. As a group, equities research analysts anticipate that IonQ, Inc. will post -0.86 earnings per share for the current year.

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.