5,667 Shares in IonQ, Inc. (NYSE:IONQ) Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC purchased a new stake in IonQ, Inc. (NYSE:IONQ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,667 shares of the company’s stock, valued at approximately $237,000.

A number of other large investors also recently bought and sold shares of IONQ. Charles Schwab Investment Management Inc. increased its holdings in shares of IonQ by 9.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,614,034 shares of the company’s stock valued at $14,107,000 after purchasing an additional 135,851 shares in the last quarter. Yong Rong HK Asset Management Ltd purchased a new position in IonQ in the third quarter valued at $3,749,000. Rockefeller Capital Management L.P. raised its position in shares of IonQ by 34.2% in the third quarter. Rockefeller Capital Management L.P. now owns 437,596 shares of the company’s stock worth $3,825,000 after acquiring an additional 111,435 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of IonQ in the third quarter worth about $1,631,000. Finally, Prospera Financial Services Inc boosted its stake in shares of IonQ by 196.1% during the 3rd quarter. Prospera Financial Services Inc now owns 38,508 shares of the company’s stock worth $337,000 after acquiring an additional 25,502 shares in the last quarter. 41.42% of the stock is owned by institutional investors and hedge funds.

IonQ Price Performance

NYSE IONQ opened at $29.83 on Wednesday. IonQ, Inc. has a 1-year low of $6.22 and a 1-year high of $54.74. The company has a market cap of $6.46 billion, a PE ratio of -36.83 and a beta of 2.41. The stock’s 50 day simple moving average is $39.40 and its 200-day simple moving average is $24.59.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at IonQ

In other IonQ news, CRO Rima Alameddine sold 21,337 shares of the business’s stock in a transaction on 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 owns 571,321 shares of the company’s stock, valued at approximately $16,985,373.33. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Peter Hume Chapman sold 13,106 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $29.73, for a total value of $389,641.38. Following the completion of the sale, the chief executive officer now directly owns 414,363 shares of the company’s stock, valued at $12,319,011.99. This trade represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,223 shares of company stock worth $1,314,652. Corporate insiders own 11.60% of the company’s stock.

About IonQ

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.