Rima Alameddine Sells 21,337 Shares of IonQ, Inc. (NYSE:IONQ) Stock

Posted by Oscar Bower on Dec 16th, 2024

IonQ, Inc. (NYSE:IONQ – Get Free Report) CRO Rima Alameddine sold 21,337 shares of the stock in a transaction on Wednesday, December 11th. The shares were 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 in the company, valued at approximately $16,985,373.33. This represents a 3.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Rima Alameddine also recently made the following trade(s):

On Monday, October 28th, Rima Alameddine sold 22,875 shares of IonQ stock. The shares were sold at an average price of $17.75, for a total value of $406,031.25.
On Wednesday, October 23rd, Rima Alameddine sold 12,000 shares of IonQ stock. The stock was sold at an average price of $15.72, for a total value of $188,640.00.
On Friday, October 18th, Rima Alameddine sold 11,375 shares of IonQ stock. The stock was sold at an average price of $13.72, for a total value of $156,065.00.
On Wednesday, October 16th, Rima Alameddine sold 9,875 shares of IonQ stock. The stock was sold at an average price of $11.72, for a total value of $115,735.00.
On Monday, October 14th, Rima Alameddine sold 9,159 shares of IonQ stock. The stock was sold at an average price of $10.72, for a total transaction of $98,184.48.
On Friday, October 11th, Rima Alameddine sold 716 shares of IonQ stock. The stock was sold at an average price of $10.72, for a total transaction of $7,675.52.

IonQ Trading Up 12.8 %

Shares of NYSE IONQ opened at $33.83 on Monday. The firm has a fifty day simple moving average of $22.61 and a two-hundred day simple moving average of $12.91. The firm has a market capitalization of $7.32 billion, a PE ratio of -41.77 and a beta of 2.49. IonQ, Inc. has a 12 month low of $6.22 and a 12 month high of $38.45.

IonQ (NYSE:IONQ – Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.02). The company had revenue of $12.40 million during the quarter, compared to analysts’ expectations of $10.56 million. IonQ had a negative return on equity of 36.82% and a negative net margin of 457.85%. The business’s quarterly revenue was up 102.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.22) earnings per share. On average, sell-side analysts predict that IonQ, Inc. will post -0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on IONQ shares. Craig Hallum boosted their price objective on shares of IonQ from $15.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC boosted their price target on IonQ from $13.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Benchmark increased their price objective on IonQ from $12.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Get Our Latest Stock Report on IonQ

Institutional Investors Weigh In On IonQ

Several hedge funds have recently made changes to their positions in the company. Arete Wealth Advisors LLC bought a new position in IonQ in the third quarter worth $91,000. Geode Capital Management LLC grew its position in shares of IonQ by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,420,152 shares of the company’s stock worth $38,640,000 after buying an additional 199,360 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of IonQ in the 3rd quarter worth about $1,631,000. Main Management ETF Advisors LLC purchased a new position in IonQ during the 3rd quarter valued at about $1,865,000. Finally, Zacks Investment Management boosted its stake in IonQ by 10.0% during the third quarter. Zacks Investment Management now owns 154,701 shares of the company’s stock worth $1,352,000 after acquiring an additional 14,072 shares in the last quarter. 41.42% of the stock is currently owned by institutional investors.

About IonQ

(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.