IonQ, Inc. (NYSE:IONQ - Get Free Report) CFO Thomas G. Kramer sold 72,000 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $42.26, for a total value of $3,042,720.00. Following the transaction, the chief financial officer directly owned 646,516 shares of the company's stock, valued at approximately $27,321,766.16. This trade represents a 10.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
IonQ Stock Performance
NYSE:IONQ traded up $0.43 during trading hours on Thursday, reaching $45.99. 19,480,471 shares of the company were exchanged, compared to its average volume of 19,877,900. IonQ, Inc. has a 52-week low of $6.22 and a 52-week high of $54.74. The stock has a 50 day simple moving average of $38.76 and a 200 day simple moving average of $34.13.
IonQ (NYSE:IONQ - Get Free Report) last issued 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. IonQ had a negative net margin of 753.20% and a negative return on equity of 63.35%. The business had revenue of $7.57 million for the quarter, compared to the consensus estimate of $7.51 million. During the same quarter last year, the firm posted ($0.19) EPS. The business's revenue for the quarter was down .2% compared to the same quarter last year. Analysts expect that IonQ, Inc. will post -0.86 EPS for the current year.
Hedge Funds Weigh In On IonQ
Hedge funds have recently made changes to their positions in the business. ORG Partners LLC raised its stake in shares of IonQ by 348.0% in the 1st quarter. ORG Partners LLC now owns 1,120 shares of the company's stock valued at $26,000 after acquiring an additional 870 shares during the period. Smartleaf Asset Management LLC increased its stake in IonQ by 421.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the company's stock worth $27,000 after buying an additional 501 shares during the period. Measured Risk Portfolios Inc. purchased a new stake in IonQ during the 4th quarter worth $27,000. TD Waterhouse Canada Inc. purchased a new stake in IonQ during the 4th quarter worth $33,000. Finally, Future Financial Wealth Managment LLC increased its stake in IonQ by 50.0% during the 1st quarter. Future Financial Wealth Managment LLC now owns 1,500 shares of the company's stock worth $33,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 41.42% of the company's stock.
Analyst Upgrades and Downgrades
IONQ has been the topic of a number of analyst reports. Benchmark raised their target price on shares of IonQ from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday. Morgan Stanley raised their target price on shares of IonQ from $29.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and set a $50.00 target price on shares of IonQ in a research report on Wednesday, June 11th. DA Davidson decreased their target price on shares of IonQ from $50.00 to $35.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Cantor Fitzgerald initiated coverage on shares of IonQ in a research report on Wednesday, July 2nd. They set an "overweight" rating and a $45.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, IonQ presently has an average rating of "Moderate Buy" and a consensus target price of $41.43.
Check Out Our Latest Analysis on IonQ
IonQ Company Profile
(
Get Free Report)
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.
Featured Articles

Before you consider IonQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IonQ wasn't on the list.
While IonQ currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.