Nebula Research & Development LLC Takes Position in IonQ, Inc. (NYSE:IONQ)

Nebula Research & Development LLC bought a new position in shares of IonQ, Inc. (NYSE:IONQ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 27,005 shares of the company's stock, valued at approximately $1,128,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IONQ. Kovitz Investment Group Partners LLC bought a new position in shares of IonQ during the fourth quarter worth about $407,000. Price T Rowe Associates Inc. MD lifted its position in shares of IonQ by 475.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 688,764 shares of the company's stock worth $28,771,000 after purchasing an additional 569,061 shares during the period. J. Safra Sarasin Holding AG bought a new stake in shares of IonQ in the 4th quarter valued at $1,671,000. Stifel Financial Corp acquired a new stake in shares of IonQ during the fourth quarter worth $378,000. Finally, TD Waterhouse Canada Inc. bought a new position in IonQ during the fourth quarter worth $33,000. 41.42% of the stock is currently owned by institutional investors and hedge funds.

IonQ Price Performance

Shares of IONQ stock traded up $0.36 during trading hours on Thursday, reaching $27.82. The company had a trading volume of 6,589,398 shares, compared to its average volume of 16,094,638. The company has a market cap of $6.20 billion, a price-to-earnings ratio of -34.32 and a beta of 2.50. IonQ, Inc. has a 12 month low of $6.22 and a 12 month high of $54.74. The business has a fifty day simple moving average of $24.42 and a 200-day simple moving average of $29.64.

Insider Buying and Selling

In related news, Director William F. Scannell acquired 93,066 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $21.81 per share, with a total value of $2,029,769.46. Following the acquisition, the director now owns 135,047 shares of the company's stock, valued at approximately $2,945,375.07. This trade represents a 221.69 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Peter Hume Chapman sold 2,000,000 shares of IonQ stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $18.72, for a total value of $37,440,000.00. Following the transaction, the insider now directly owns 414,363 shares of the company's stock, valued at $7,756,875.36. The trade was a 82.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,033,166 shares of company stock worth $38,059,593. 11.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IONQ. The Goldman Sachs Group increased their price target on IonQ from $16.00 to $30.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Benchmark cut their target price on shares of IonQ from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Needham & Company LLC reissued a "buy" rating and issued a $54.00 price objective on shares of IonQ in a research note on Thursday, February 27th. Finally, DA Davidson reduced their price target on shares of IonQ from $50.00 to $35.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $40.80.

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.