Perigon Wealth Management LLC Buys New Stake in IonQ, Inc. $IONQ

Key Points

• Perigon Wealth Management bought 15,287 IonQ shares worth approximately $814,000 in the second quarter. Institutional investors own 41.42% of the company, with several major firms increasing their positions.
• IonQ reported quarterly revenue of $80.05 million, up 286.7% year over year and above estimates, while its adjusted loss of $0.33 per share was narrower than expected. Despite strong growth, the company remains unprofitable and analysts expect a full-year loss.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and a $69.92 price target, although targets range widely and valuation concerns remain. Shares opened at $44.12, well below their 52-week high of $84.64.

Perigon Wealth Management LLC purchased a new position in IonQ, Inc. (NYSE:IONQ - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,287 shares of the company's stock, valued at approximately $814,000.

A number of other large investors have also recently made changes to their positions in IONQ. Vanguard Group Inc. increased its holdings in shares of IonQ by 18.5% in the fourth quarter. Vanguard Group Inc. now owns 34,774,743 shares of the company's stock valued at $1,560,343,000 after purchasing an additional 5,420,037 shares during the period. Norges Bank acquired a new stake in shares of IonQ during the fourth quarter worth about $199,753,000. Marex Group plc boosted its position in IonQ by 419.1% in the fourth quarter. Marex Group plc now owns 4,083,453 shares of the company's stock valued at $183,225,000 after buying an additional 3,296,866 shares during the last quarter. State Street Corp boosted its position in IonQ by 42.3% in the fourth quarter. State Street Corp now owns 8,962,789 shares of the company's stock valued at $402,160,000 after buying an additional 2,663,230 shares during the last quarter. Finally, Clear Street Group Inc. increased its holdings in IonQ by 219.6% in the 4th quarter. Clear Street Group Inc. now owns 3,195,818 shares of the company's stock worth $143,396,000 after buying an additional 2,196,017 shares during the period. 41.42% of the stock is owned by hedge funds and other institutional investors.

IonQ Stock Down 5.8%

IonQ stock opened at $44.12 on Wednesday. The business's 50-day moving average price is $45.22 and its 200 day moving average price is $43.15. The firm has a market cap of $16.81 billion, a price-to-earnings ratio of -9.47 and a beta of 3.28. IonQ, Inc. has a 52 week low of $25.89 and a 52 week high of $84.64.

IonQ (NYSE:IONQ - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.56) by $0.23. IonQ had a negative return on equity of 22.29% and a negative net margin of 553.27%.The company had revenue of $80.05 million during the quarter, compared to the consensus estimate of $66.47 million. During the same period in the previous year, the company posted ($0.70) earnings per share. IonQ's revenue for the quarter was up 286.7% on a year-over-year basis. Equities analysts expect that IonQ, Inc. will post -2.86 EPS for the current year.

Analyst Upgrades and Downgrades

IONQ has been the subject of a number of recent research reports. Rosenblatt Securities reissued a "buy" rating and set a $100.00 price target on shares of IonQ in a research report on Thursday, August 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $70.00 price objective on shares of IonQ in a report on Thursday, August 6th. Needham & Company LLC reiterated a "buy" rating and issued a $65.00 price objective on shares of IonQ in a research note on Thursday, August 6th. Wall Street Zen cut shares of IonQ from a "sell" rating to a "strong sell" rating in a report on Saturday, August 8th. Finally, Northland Securities boosted their target price on shares of IonQ from $55.00 to $70.00 and gave the company an "outperform" rating in a research report on Monday, June 22nd. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.92.

IonQ News Summary

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Expanded Canadian access: IonQ and CMC Microsystems signed a memorandum of understanding to integrate IonQ’s commercial trapped-ion quantum systems into Canada’s FABrIC Quantum Computing Sandbox. The agreement is expected to give Canadian researchers and businesses cloud access to IonQ technology, potentially supporting customer adoption and future revenue. IonQ and CMC Microsystems Announce Collaboration to Expand Cloud Quantum Computing Access in Canada
• Positive Sentiment: Networking and security initiatives: Alliances with Sandia National Laboratories and EPB are broadening IonQ’s focus beyond quantum computing hardware into utility-scale systems, quantum communications and security-related applications. The EPB collaboration includes work at the Tennessee Quantum Communications Research Center and a commercial quantum-memory deployment. Why Is IonQ Pushing Deeper Into Quantum Networking And Security?
• Positive Sentiment: Improving operating momentum: IonQ’s second-quarter results featured substantially higher revenue and a raised 2026 outlook. Coverage also characterized IonQ as one of the stronger performers among smaller quantum-computing companies, which supports the investment case relative to some rivals. Two Quantum Computing Stocks Are Starting to Pull Ahead of the Pack
• Neutral Sentiment: Wide valuation range: Analyst commentary presents an $82 bullish scenario and a $26 bearish scenario, highlighting the uncertainty around IonQ’s commercialization pace, competitive position and long-term financial performance. IonQ Stock Prediction: $82 Bull Case vs $26 Bear Case
• Negative Sentiment: Profit-taking and valuation concerns: IonQ’s stock had risen about 16% since its second-quarter earnings release, prompting debate over whether investors should lock in gains. Despite strong revenue growth, the company remains unprofitable, so a premium valuation leaves the shares vulnerable to pullbacks if execution or growth expectations weaken. IonQ Stock Up 16% Since Q2 Earnings: Should You Buy or Book Profits?

Insider Activity at IonQ

In related news, Director Kathryn K. Chou sold 2,757 shares of IonQ stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.02, for a total value of $151,690.14. Following the completion of the transaction, the director owned 62,608 shares in the company, valued at $3,444,692.16. The trade was a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gabrielle B. Toledano sold 2,757 shares of the company's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.01, for a total value of $151,662.57. Following the completion of the transaction, the director directly owned 11,154 shares of the company's stock, valued at $613,581.54. The trade was a 19.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,329 shares of company stock worth $513,216 in the last three months. Company insiders own 0.55% of the company's stock.

IonQ 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.

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