Oak Harvest Investment Services Buys 57,965 Shares of IonQ, Inc. $IONQ

Key Points

• Oak Harvest Investment Services increased its stake in IonQ by 772.9% in Q4, buying 57,965 shares to hold 65,465 shares worth about $2.94 million at quarter-end.
• IonQ has benefited from recent positive catalysts — including a DARPA contract win, Nvidia-related sector support and reported >400% YoY revenue growth — which helped drive a roughly 20% stock surge and broader quantum-stock inflows.
• Insider and analyst signals are mixed: a director bought 3,000 shares while insiders sold 8,581 shares in the last three months (insiders own 5.20%), and analysts show a consensus rating of Moderate Buy with a $69.45 price target (9 Buy / 6 Hold / 1 Sell).

Oak Harvest Investment Services grew its stake in shares of IonQ, Inc. (NYSE:IONQ - Free Report) by 772.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,465 shares of the company's stock after buying an additional 57,965 shares during the quarter. Oak Harvest Investment Services' holdings in IonQ were worth $2,937,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IONQ. Stone House Investment Management LLC grew its stake in shares of IonQ by 700.0% during the third quarter. Stone House Investment Management LLC now owns 400 shares of the company's stock valued at $25,000 after buying an additional 350 shares during the last quarter. Ameriflex Group Inc. grew its stake in shares of IonQ by 485.7% in the third quarter. Ameriflex Group Inc. now owns 410 shares of the company's stock worth $25,000 after purchasing an additional 340 shares during the last quarter. Hilltop National Bank grew its stake in shares of IonQ by 112.5% in the third quarter. Hilltop National Bank now owns 425 shares of the company's stock worth $26,000 after purchasing an additional 225 shares during the last quarter. Fortitude Family Office LLC grew its stake in shares of IonQ by 3,800.0% in the fourth quarter. Fortitude Family Office LLC now owns 624 shares of the company's stock worth $28,000 after purchasing an additional 608 shares during the last quarter. Finally, Financial Consulate Inc. bought a new stake in shares of IonQ in the third quarter worth about $29,000. 41.42% of the stock is owned by institutional investors.

Trending Headlines about IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: DARPA contract win and a photonic entanglement breakthrough — institutional contract and demonstrated inter-system entanglement materially strengthen IonQ’s technical and government-commercial credentials. IonQ Stock Surges 20% Today: What Is Driving IONQ Higher
• Positive Sentiment: Nvidia’s new models cited as supportive for quantum sector — Nvidia’s product moves are being viewed as an endorsement for the sector, helping drive investor interest in IonQ. IonQ (IONQ) Soars 21% on Nvidia Quantum Computing Support
• Positive Sentiment: Strong revenue growth and bullish investor narratives — recent reports highlight >400% YoY revenue growth and profiles suggesting multibagger potential, reinforcing bullish sentiment. Could IonQ Be the Next Multibagger?
• Positive Sentiment: Broader quantum-stock rally spotlight — sector-wide gains and media coverage (Barron's feature) are drawing fresh investor flows into public quantum names like IonQ. Quantum Stocks Had a Blowout Week. IonQ, Infleqtion, and Other Names to Watch.
• Positive Sentiment: Local/state funding could boost Bothell operations — reports say state dollars are being redirected to supercharge IonQ’s Bothell growth plans, a potential operational tailwind. State Raids Lottery Leftovers To Supercharge IonQ's Bothell Quantum Boom
• Neutral Sentiment: Wall Street analyst attention — multiple Zacks pieces highlight analyst coverage and investor interest; that attention can amplify moves but doesn’t guarantee direction. Is It Worth Investing in IonQ (IONQ) Based on Wall Street's Bullish Views?
• Neutral Sentiment: High retail/trending interest — Zacks notes IonQ is a trending ticker, which can boost liquidity and volatility without changing fundamentals. IonQ, Inc. (IONQ) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Valuation and cash-burn concerns — analysts warn the rally already prices in high expectations while the company is burning cash and executing growth, a risk if milestones slip. Should You Buy Sell or Hold IonQ at $42 – Is the Quantum Rally Back?
• Negative Sentiment: Trading/insider-transaction scrutiny — a flagged trade tied to Rep. Greg Steube drew attention and could raise governance/public perception questions. IONQ stock trade by Greg Steube should raise 'some flags,' says tracker made popular by Nancy Pelosi's stock moves

Insiders Place Their Bets

In other IonQ news, Director William J. Teuber, Jr. bought 3,000 shares of the stock in a transaction dated Friday, February 27th. The stock was purchased at an average cost of $38.38 per share, for a total transaction of $115,140.00. Following the completion of the acquisition, the director owned 9,413 shares of the company's stock, valued at approximately $361,270.94. This trade represents a 46.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John W. Raymond sold 2,800 shares of IonQ stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $33.34, for a total transaction of $93,352.00. Following the transaction, the insider owned 83,963 shares of the company's stock, valued at $2,799,326.42. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 8,581 shares of company stock worth $316,156 over the last three months. Company insiders own 5.20% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of IonQ in a research note on Thursday, January 22nd. Cantor Fitzgerald reissued an "overweight" rating on shares of IonQ in a research note on Monday, February 9th. JPMorgan Chase & Co. cut their target price on IonQ from $47.00 to $42.00 and set a "neutral" rating on the stock in a research note on Thursday, February 26th. Morgan Stanley set a $37.00 target price on IonQ in a research note on Thursday, February 26th. Finally, Wall Street Zen lowered shares of IonQ from a "hold" rating to a "sell" rating in a report on Saturday, April 11th. Nine equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $69.45.

IonQ Price Performance

Shares of IONQ opened at $46.18 on Friday. IonQ, Inc. has a one year low of $23.49 and a one year high of $84.64. The company has a 50-day simple moving average of $33.38 and a two-hundred day simple moving average of $46.16. The firm has a market capitalization of $16.93 billion, a PE ratio of -18.55 and a beta of 2.80.

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. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.