Quantinno Capital Management LP Boosts Holdings in IonQ, Inc. $IONQ

Key Points

• Quantinno Capital Management doubled its IonQ stake in the first quarter, adding 27,974 shares to own 54,884 shares valued at approximately $1.58 million. Institutional investors collectively own 41.42% of the company.
• IonQ reported quarterly revenue of $80.05 million, up 286.7% year over year and above estimates, while its adjusted loss per share also beat expectations. Despite strong growth and raised guidance, the company remains unprofitable with a negative net margin of 553.27%.
• Wall Street’s consensus rating is “Moderate Buy”, with an average price target of $69.92, although insiders sold $513,216 worth of shares over the past 90 days and the stock remains exposed to valuation and commercialization risks.

Quantinno Capital Management LP increased its stake in IonQ, Inc. (NYSE:IONQ - Free Report) by 104.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,884 shares of the company's stock after acquiring an additional 27,974 shares during the period. Quantinno Capital Management LP's holdings in IonQ were worth $1,582,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Beaird Harris Wealth Management LLC lifted its holdings in shares of IonQ by 117.4% during the third quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company's stock valued at $31,000 after purchasing an additional 270 shares during the last quarter. Accent Capital Management LLC grew its stake in shares of IonQ by 171.8% in the 4th quarter. Accent Capital Management LLC now owns 587 shares of the company's stock worth $26,000 after buying an additional 371 shares during the last quarter. Kelleher Financial Advisors bought a new position in IonQ during the 3rd quarter valued at approximately $36,000. Banque Transatlantique SA bought a new position in IonQ during the 3rd quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC increased its position in IonQ by 50.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 831 shares of the company's stock valued at $36,000 after buying an additional 279 shares in the last quarter. 41.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other IonQ news, Director Gabrielle B. Toledano sold 2,757 shares of the business'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 owned 11,154 shares of the company's stock, valued at approximately $613,581.54. The trade was a 19.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kathryn K. Chou sold 2,757 shares of the business's 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 directly owned 62,608 shares of the company's stock, valued at approximately $3,444,692.16. This trade represents a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 9,329 shares of company stock worth $513,216. 0.55% of the stock is owned by corporate insiders.

IonQ Trading Up 4.2%

Shares of IONQ opened at $45.25 on Thursday. The company has a market cap of $16.89 billion, a price-to-earnings ratio of -9.71 and a beta of 3.28. The business's fifty day simple moving average is $46.42 and its two-hundred day simple moving average is $43.15. IonQ, Inc. has a 12 month low of $25.89 and a 12 month high of $84.64.

IonQ (NYSE:IONQ - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.56) by $0.23. The firm had revenue of $80.05 million during the quarter, compared to analysts' expectations of $66.47 million. IonQ had a negative return on equity of 21.75% and a negative net margin of 553.27%.The company's revenue was up 286.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.70) earnings per share. As a group, research analysts forecast that IonQ, Inc. will post -2.26 EPS for the current year.

IonQ News Summary

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Major revenue beat and raised guidance: IonQ reported approximately $80.1 million in second-quarter revenue, up 287% year over year and well above analyst expectations. Management raised 2026 revenue guidance to $280 million-$290 million from $260 million-$270 million. IonQ Stock Trades Up, Here Is Why
• Positive Sentiment: Backlog supports future growth: Coverage highlighted IonQ’s backlog of roughly $485 million and expectations for continued organic growth, reinforcing the view that demand is expanding beyond speculative interest in quantum computing. Prediction: A $1,000 Investment in IonQ Could Be Worth This Much by 2028
• Positive Sentiment: Government and strategic support: IonQ announced a $28 million extension to a DARPA contract, while reports said the Pentagon views the company as one of quantum computing’s first potentially practical winners. Its acquisition of SkyWater Foundry was also presented as strengthening manufacturing and technology capabilities. Pentagon may see one of quantum computing’s first practical winners
• Positive Sentiment: Competitive position: Analysts comparing IonQ with Rigetti and D-Wave cited IonQ’s stronger commercial traction, revenue growth and platform integration, supporting a favorable view of IONQ relative to some peers. IonQ Vs. Rigetti: The Pecking Order Widened, The Price Hasn't Caught Up
• Neutral Sentiment: Industry momentum: Broader adoption through cloud deployments involving Google and Microsoft, along with forecasts for significant quantum-computing market growth, provides a favorable sector backdrop but does not guarantee near-term IonQ revenue or profitability. IonQ Posts 287% Revenue Surge and Acquires SkyWater Foundry
• Negative Sentiment: Profitability and valuation remain risks: IonQ continues to report substantial losses, and its high-growth expectations and quantum-computing hype leave the stock vulnerable if commercial adoption, acquisition integration or technology development falls short. Where Will IonQ Stock Be in 5 Years?

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IONQ. Jefferies Financial Group set a $75.00 target price on IonQ in a research note on Thursday, August 6th. Needham & Company LLC reiterated a "buy" rating and issued a $65.00 price target on shares of IonQ in a research note on Thursday, August 6th. Wedbush started coverage on shares of IonQ in a research report on Monday, August 3rd. They set an "outperform" rating and a $75.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of IonQ from $42.00 to $50.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Finally, Northland Securities lifted their target price on shares of IonQ from $55.00 to $70.00 and gave the stock an "outperform" rating in a report on Monday, June 22nd. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $69.92.

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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