IonQ, Inc. $IONQ Shares Bought by Amundi

Amundi lifted its holdings in shares of IonQ, Inc. (NYSE:IONQ) by 1,241.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 363,575 shares of the company’s stock after purchasing an additional 336,480 shares during the quarter. Amundi’s holdings in IonQ were worth $16,270,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in IONQ. Archer Investment Corp increased its stake in IonQ by 119.3% during the 2nd quarter. Archer Investment Corp now owns 592 shares of the company’s stock worth $25,000 after buying an additional 322 shares during the period. SVB Wealth LLC acquired a new position in shares of IonQ in the first quarter worth $35,000. EverSource Wealth Advisors LLC grew its stake in shares of IonQ by 50.5% in the second quarter. EverSource Wealth Advisors LLC now owns 831 shares of the company’s stock worth $36,000 after acquiring an additional 279 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of IonQ during the second quarter worth $39,000. Finally, TD Waterhouse Canada Inc. raised its stake in shares of IonQ by 28.4% in the second quarter. TD Waterhouse Canada Inc. now owns 1,008 shares of the company’s stock valued at $40,000 after acquiring an additional 223 shares in the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on IONQ. Rosenblatt Securities boosted their target price on IonQ from $70.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Benchmark boosted their price objective on IonQ from $55.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Weiss Ratings restated a “sell (d-)” rating on shares of IonQ in a research note on Wednesday, October 8th. JPMorgan Chase & Co. initiated coverage on shares of IonQ in a research note on Thursday, November 20th. They issued a “neutral” rating and a $47.00 price target for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $80.00 price target on shares of IonQ in a report on Thursday, November 6th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, IonQ currently has an average rating of “Hold” and an average target price of $66.00.

Insider Activity at IonQ

In other news, Director William J. Teuber, Jr. bought 2,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were acquired at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the transaction, the director owned 6,413 shares of the company’s stock, valued at approximately $351,496.53. This trade represents a 45.32% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Rima Alameddine sold 100,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $46.89, for a total value of $4,689,000.00. Following the completion of the sale, the executive directly owned 432,616 shares of the company’s stock, valued at $20,285,364.24. The trade was a 18.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.20% of the stock is owned by corporate insiders.

IonQ Stock Down 4.7%

IONQ stock opened at $51.89 on Thursday. The business has a 50 day moving average price of $57.93 and a 200 day moving average price of $49.74. The stock has a market cap of $18.03 billion, a price-to-earnings ratio of -9.70 and a beta of 2.62. IonQ, Inc. has a fifty-two week low of $17.88 and a fifty-two week high of $84.64.

IonQ (NYSE:IONQ) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($3.58) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($3.14). IonQ had a negative return on equity of 127.06% and a negative net margin of 1,836.32%.The company had revenue of $39.87 million for the quarter, compared to analysts’ expectations of $26.99 million. During the same quarter in the prior year, the firm posted ($0.24) EPS. The firm’s quarterly revenue was up 221.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that IonQ, Inc. will post -0.86 EPS for the current year.

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.