Virtu Financial LLC Acquires New Position in IonQ, Inc. (NYSE:IONQ)

Virtu Financial LLC acquired a new stake in shares of IonQ, Inc. (NYSE:IONQ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 44,681 shares of the company’s stock, valued at approximately $554,000.

Several other institutional investors and hedge funds have also bought and sold shares of IONQ. Prospect Financial Services LLC bought a new stake in shares of IonQ in the 4th quarter worth approximately $124,000. Morgens Waterfall Vintiadis & Co. Inc. bought a new stake in shares of IonQ during the fourth quarter valued at approximately $1,858,000. Blueshift Asset Management LLC bought a new stake in shares of IonQ during the fourth quarter valued at approximately $234,000. Chesapeake Capital Corp IL bought a new stake in shares of IonQ during the fourth quarter valued at approximately $547,000. Finally, Aigen Investment Management LP boosted its position in shares of IonQ by 15.2% during the fourth quarter. Aigen Investment Management LP now owns 20,371 shares of the company’s stock valued at $252,000 after purchasing an additional 2,689 shares in the last quarter. 41.42% of the stock is currently owned by institutional investors.

Insider Transactions at IonQ

In other news, CEO Peter Hume Chapman sold 5,936 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $7.89, for a total value of $46,835.04. Following the completion of the transaction, the chief executive officer now owns 445,297 shares in the company, valued at $3,513,393.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Thomas G. Kramer sold 4,610 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $7.89, for a total transaction of $36,372.90. Following the completion of the sale, the chief financial officer now owns 949,614 shares in the company, valued at $7,492,454.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Peter Hume Chapman sold 5,936 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $7.89, for a total value of $46,835.04. Following the sale, the chief executive officer now owns 445,297 shares of the company’s stock, valued at approximately $3,513,393.33. The disclosure for this sale can be found here. Insiders sold 20,353 shares of company stock worth $160,585 over the last quarter. 11.60% of the stock is currently owned by insiders.

IonQ Trading Down 1.9 %

Shares of NYSE:IONQ opened at $7.56 on Tuesday. IonQ, Inc. has a 12-month low of $6.98 and a 12-month high of $21.60. The stock has a fifty day simple moving average of $8.28 and a two-hundred day simple moving average of $10.21. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -9.10 and a beta of 2.11.

IonQ (NYSE:IONQ) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.07. IonQ had a negative return on equity of 31.76% and a negative net margin of 671.00%. The firm had revenue of $7.58 million during the quarter, compared to analysts’ expectations of $7.08 million. During the same quarter in the previous year, the business earned ($0.14) earnings per share. The company’s revenue was up 76.9% on a year-over-year basis. As a group, equities research analysts predict that IonQ, Inc. will post -0.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IONQ shares. The Goldman Sachs Group lowered their price objective on IonQ from $13.00 to $11.50 and set a “neutral” rating for the company in a research note on Thursday, February 29th. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of IonQ in a research note on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

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.