MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 30,460 Shares of IonQ, Inc. (NYSE:IONQ)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in IonQ, Inc. (NYSE:IONQ - Free Report) by 28.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 139,434 shares of the company's stock after acquiring an additional 30,460 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of IonQ worth $5,824,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Pathway Financial Advisers LLC acquired a new position in shares of IonQ during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC increased its holdings in shares of IonQ by 421.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 620 shares of the company's stock valued at $27,000 after purchasing an additional 501 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of IonQ in the fourth quarter valued at about $33,000. Golden State Wealth Management LLC acquired a new stake in shares of IonQ during the 4th quarter worth about $34,000. Finally, Sandy Spring Bank boosted its holdings in shares of IonQ by 350.0% during the 4th quarter. Sandy Spring Bank now owns 900 shares of the company's stock worth $38,000 after buying an additional 700 shares during the period. 41.42% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CRO Rima Alameddine sold 20,047 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $18.57, for a total value of $372,272.79. Following the completion of the sale, the executive now owns 572,568 shares of the company's stock, valued at approximately $10,632,587.76. This represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 value of $217,491.84. Following the completion of the sale, the chief financial officer now owns 944,510 shares in the company, valued at $17,539,550.70. The trade was a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,033,166 shares of company stock valued at $38,059,593. 11.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

IONQ has been the subject of several research reports. Benchmark cut their price objective on shares of IonQ from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. DA Davidson dropped their price target on IonQ from $50.00 to $35.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Needham & Company LLC decreased 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. Finally, Morgan Stanley raised their price objective on IonQ from $29.00 to $30.00 and gave the company an "equal weight" rating 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.33.

IonQ Trading Up 0.7%

IONQ traded up $0.25 on Tuesday, reaching $35.34. The stock had a trading volume of 17,612,192 shares, compared to its average volume of 16,731,581. The firm has a 50-day moving average of $26.49 and a 200-day moving average of $31.41. IonQ, Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $54.74. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of -43.63 and a beta of 2.46.

IonQ (NYSE:IONQ - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.14. IonQ had a negative net margin of 457.85% and a negative return on equity of 36.82%. The business had revenue of $7.57 million for the quarter, compared to the consensus estimate of $7.51 million. During the same period last year, the company earned ($0.19) EPS. The firm's revenue was down .2% compared to the same quarter last year. Sell-side analysts anticipate that IonQ, Inc. will post -0.86 EPS for the current fiscal 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.