IonQ, Inc. (NYSE:IONQ) Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC boosted its stake in shares of IonQ, Inc. (NYSE:IONQ - Free Report) by 41.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 548,162 shares of the company's stock after buying an additional 159,440 shares during the period. Penserra Capital Management LLC owned 0.25% of IonQ worth $12,097,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in IonQ by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 21,374,125 shares of the company's stock valued at $892,797,000 after acquiring an additional 125,144 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of IonQ by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 4,466,094 shares of the company's stock valued at $186,593,000 after purchasing an additional 45,942 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of IonQ by 1,310.9% during the 4th quarter. JPMorgan Chase & Co. now owns 2,468,160 shares of the company's stock valued at $103,095,000 after purchasing an additional 2,293,231 shares during the last quarter. Northern Trust Corp boosted its position in shares of IonQ by 12.6% in the 4th quarter. Northern Trust Corp now owns 1,934,625 shares of the company's stock worth $80,809,000 after purchasing an additional 216,752 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in IonQ by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,645,672 shares of the company's stock worth $68,740,000 after buying an additional 31,638 shares during the last quarter. Institutional investors own 41.42% of the company's stock.

Insider Transactions at IonQ

In other news, CEO Masi Niccolo De sold 2,597,500 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $40.34, for a total value of $104,783,150.00. Following the completion of the sale, the chief executive officer directly owned 711,987 shares in the company, valued at $28,721,555.58. This represents a 78.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas G. Kramer sold 216,000 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $38.11, for a total transaction of $8,231,760.00. Following the completion of the transaction, the chief financial officer directly owned 718,516 shares in the company, valued at $27,382,644.76. This trade represents a 23.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,972,201 shares of company stock valued at $350,540,009. Insiders own 5.20% of the company's stock.

IonQ Stock Up 2.1%

Shares of IONQ stock traded up $0.92 on Monday, hitting $45.31. The company had a trading volume of 33,767,677 shares, compared to its average volume of 19,660,655. IonQ, Inc. has a twelve month low of $6.22 and a twelve month high of $54.74. The company has a 50-day moving average price of $37.72 and a 200-day moving average price of $33.96. The firm has a market cap of $11.85 billion, a P/E ratio of -30.41 and a beta of 2.55.

IonQ (NYSE:IONQ - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.28) by $0.14. The firm had revenue of $7.57 million for the quarter, compared to analysts' expectations of $7.51 million. IonQ had a negative return on equity of 63.35% and a negative net margin of 753.20%. The company's quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm earned ($0.19) EPS. Equities research analysts expect that IonQ, Inc. will post -0.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. DA Davidson decreased 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. Morgan Stanley increased their price objective on shares of IonQ from $29.00 to $30.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Benchmark lifted their target price on shares of IonQ from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday. Cantor Fitzgerald started coverage on shares of IonQ in a research note on Wednesday, July 2nd. They set an "overweight" rating and a $45.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price target on shares of IonQ in a report on Wednesday, June 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $41.43.

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.