IonQ (NYSE:IONQ) Director Kathryn Chou Sells 2,757 Shares of Stock

IonQ, Inc. (NYSE:IONQ) Director Kathryn Chou sold 2,757 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.02, for a total value of $151,690.14. Following the sale, the director directly owned 62,608 shares in the company, valued at approximately $3,444,692.16. The trade was a 4.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

IonQ Trading Up 3.2%

IonQ stock opened at $58.36 on Tuesday. The stock has a market cap of $21.79 billion, a PE ratio of -208.44 and a beta of 3.18. The stock has a 50-day moving average price of $53.61 and a 200 day moving average price of $45.04. IonQ, Inc. has a 52 week low of $25.89 and a 52 week high of $84.64.

IonQ (NYSE:IONQ) last released its earnings results on Wednesday, May 6th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.08). IonQ had a net margin of 174.88% and a negative return on equity of 23.20%. The firm had revenue of $64.67 million during the quarter, compared to analysts’ expectations of $49.75 million. During the same quarter last year, the company posted ($0.14) earnings per share. IonQ’s revenue for the quarter was up 754.7% on a year-over-year basis. On average, equities analysts predict that IonQ, Inc. will post -2.26 EPS for the current year.

Hedge Funds Weigh In On IonQ

A number of institutional investors and hedge funds have recently bought and sold shares of IONQ. Ameriflex Group Inc. raised its stake in shares of IonQ by 485.7% during the third quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock valued at $25,000 after purchasing an additional 340 shares during the period. Accent Capital Management LLC boosted its stake in shares of IonQ by 171.8% in the fourth quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock valued at $26,000 after purchasing an additional 371 shares during the period. Fortitude Family Office LLC grew its holdings in IonQ by 3,800.0% during the 4th quarter. Fortitude Family Office LLC now owns 624 shares of the company’s stock valued at $28,000 after purchasing an additional 608 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in IonQ by 216.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company’s stock valued at $28,000 after purchasing an additional 656 shares in the last quarter. Finally, PeakShares LLC purchased a new stake in IonQ during the 1st quarter worth $29,000. Hedge funds and other institutional investors own 41.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IONQ. Morgan Stanley set a $48.50 price objective on IonQ in a report on Thursday, May 7th. Weiss Ratings upgraded IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Jefferies Financial Group set a $85.00 target price on IonQ in a research report on Thursday, May 7th. Wall Street Zen raised IonQ from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, DA Davidson dropped their price objective on shares of IonQ from $55.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, IonQ presently has an average rating of “Moderate Buy” and a consensus target price of $69.88.

Trending Headlines about IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Northland Securities raised its price target on IonQ from $55 to $70 and reiterated an outperform rating, signaling renewed analyst confidence in the stock’s upside. Benzinga source
• Positive Sentiment: Investor sentiment is being supported by IonQ’s recent product momentum, including its new Clavis XG Multiplex quantum security offering and the company’s broader growth narrative around networking, sensing, and security. Quiver Quantitative source
• Positive Sentiment: The Wall Street Journal reported that the Trump administration is preparing executive orders to speed up quantum-computing development and address related security risks, which could lift the entire quantum sector, including IonQ. WSJ source
• Positive Sentiment: IonQ also announced a leadership addition, with the former CEO of Quantum Industry Canada joining the company, suggesting continued expansion of its industry relationships and talent base. BetaKit source
• Neutral Sentiment: Shareholders approved the board, though the pay vote showed some pushback, making the governance update mixed rather than clearly positive or negative. TipRanks source
• Negative Sentiment: Some market commentary says quantum stocks, including IonQ, remain vulnerable to macro pressure, rich valuations, and higher rates, which could limit near-term gains despite long-term promise. Yahoo Finance source
• Negative Sentiment: Additional analyst coverage from Zacks also framed IonQ as a sell candidate on valuation concerns, reinforcing caution around the stock’s current multiple. Zacks source

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. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.