IonQ, Inc. (NYSE:IONQ) Shares Bought by Allworth Financial LP

Allworth Financial LP increased its position in shares of IonQ, Inc. (NYSE:IONQ) by 15.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,753 shares of the company’s stock after purchasing an additional 363 shares during the quarter. Allworth Financial LP’s holdings in IonQ were worth $116,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in IONQ. Creative Planning lifted its stake in IonQ by 47.8% during the third quarter. Creative Planning now owns 24,364 shares of the company’s stock worth $213,000 after purchasing an additional 7,878 shares during the last quarter. Yong Rong HK Asset Management Ltd bought a new stake in IonQ in the third quarter valued at $3,749,000. Ground Swell Capital LLC bought a new stake in IonQ in the third quarter valued at $110,000. PDS Planning Inc bought a new stake in IonQ in the third quarter valued at $101,000. Finally, Verity Asset Management Inc. lifted its stake in IonQ by 12.4% in the third quarter. Verity Asset Management Inc. now owns 33,898 shares of the company’s stock valued at $296,000 after buying an additional 3,736 shares during the last quarter. 41.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Craig Hallum raised their target price on IonQ from $22.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Needham & Company LLC raised their target price on IonQ from $13.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their target price on IonQ from $16.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. DA Davidson upgraded IonQ to a “strong-buy” rating in a research note on Thursday. Finally, Benchmark lifted their price objective on shares of IonQ from $12.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $33.00.

Insider Activity at IonQ

In related news, CRO Rima Alameddine sold 21,337 shares of IonQ stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $29.73, for a total transaction of $634,349.01. Following the transaction, the executive now directly owns 571,321 shares of the company’s stock, valued at $16,985,373.33. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas G. Kramer sold 9,780 shares of IonQ stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $29.72, for a total value of $290,661.60. Following the transaction, the chief financial officer now directly owns 926,114 shares in the company, valued at approximately $27,524,108.08. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,223 shares of company stock worth $1,314,652 over the last ninety days. 11.60% of the stock is currently owned by corporate insiders.

IonQ Stock Down 6.0 %

Shares of NYSE IONQ opened at $31.74 on Monday. IonQ, Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $54.74. The firm’s 50-day simple moving average is $39.89 and its 200 day simple moving average is $24.27. The stock has a market cap of $6.87 billion, a P/E ratio of -39.18 and a beta of 2.40.

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.