1,000 Shares in IonQ, Inc. (NYSE:IONQ) Purchased by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC acquired a new stake in shares of IonQ, Inc. (NYSE:IONQ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $42,000.

Several other large investors have also recently modified their holdings of IONQ. Charles Schwab Investment Management Inc. boosted its stake in IonQ by 9.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,614,034 shares of the company’s stock worth $14,107,000 after purchasing an additional 135,851 shares during the period. Carnegie Investment Counsel purchased a new position in IonQ during the third quarter valued at approximately $5,036,000. Yong Rong HK Asset Management Ltd bought a new stake in IonQ during the third quarter valued at $3,749,000. Rockefeller Capital Management L.P. grew its position in IonQ by 34.2% during the third quarter. Rockefeller Capital Management L.P. now owns 437,596 shares of the company’s stock worth $3,825,000 after buying an additional 111,435 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in IonQ during the third quarter worth about $1,631,000. Hedge funds and other institutional investors own 41.42% of the company’s stock.

Insider Buying and Selling at IonQ

In other news, CRO Rima Alameddine sold 9,875 shares of IonQ stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $11.72, for a total transaction of $115,735.00. Following the transaction, the executive now owns 638,908 shares in the company, valued at $7,488,001.76. The trade was a 1.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Peter Hume Chapman sold 13,106 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 414,363 shares of the company’s stock, valued at $12,319,011.99. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,348 shares of company stock valued at $2,181,123 over the last quarter. 11.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Needham & Company LLC lifted their price target on IonQ from $13.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Craig Hallum upped their price objective on shares of IonQ from $22.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Benchmark increased their target price on IonQ from $12.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their price objective on IonQ from $16.00 to $30.00 and gave the company a “neutral” rating in a report on Friday. Finally, DA Davidson started coverage on shares of IonQ in a research report on Thursday, December 19th. They issued a “buy” rating and a $50.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

IonQ Price Performance

NYSE:IONQ traded down $4.14 during trading hours on Monday, reaching $28.19. The company had a trading volume of 44,787,596 shares, compared to its average volume of 49,152,855. The firm has a market cap of $6.10 billion, a PE ratio of -34.80 and a beta of 2.49. IonQ, Inc. has a 1-year low of $6.22 and a 1-year high of $54.74. The business’s 50 day moving average price is $34.12 and its 200-day moving average price is $17.78.

IonQ (NYSE:IONQ) last announced its earnings results on Wednesday, November 6th. The company reported ($0.24) earnings per share (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 analyst estimates of $10.56 million. IonQ had a negative net margin of 457.85% and a negative return on equity of 36.82%. The firm’s revenue for the quarter was up 102.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.22) EPS. On average, analysts expect that IonQ, Inc. will post -0.86 earnings per share for the current fiscal year.

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.