Caitong International Asset Management Co. Ltd Cuts Stock Holdings in IonQ, Inc. $IONQ

Caitong International Asset Management Co. Ltd lowered its holdings in IonQ, Inc. (NYSE:IONQ) by 97.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,866 shares of the company’s stock after selling 86,618 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in IonQ were worth $84,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. CFO Capital Management LLC bought a new position in IonQ in the fourth quarter worth approximately $1,064,000. Tempo Wealth LLC purchased a new stake in IonQ during the fourth quarter worth $330,000. Invesco Ltd. boosted its position in IonQ by 26.2% during the 4th quarter. Invesco Ltd. now owns 611,895 shares of the company’s stock valued at $27,456,000 after acquiring an additional 127,207 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of IonQ in the 4th quarter valued at $230,000. Finally, Corient Private Wealth LLC increased its holdings in shares of IonQ by 31.0% in the 4th quarter. Corient Private Wealth LLC now owns 62,124 shares of the company’s stock valued at $2,591,000 after acquiring an additional 14,683 shares during the period. Hedge funds and other institutional investors own 41.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Northland Securities boosted their price target on IonQ from $55.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday. Needham & Company LLC cut their target price on IonQ from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Jefferies Financial Group set a $85.00 target price on IonQ in a research note on Thursday, May 7th. Wedbush reiterated an “outperform” rating and issued a $60.00 target price on shares of IonQ in a report on Monday, May 4th. Finally, Morgan Stanley set a $48.50 price target on shares of IonQ in a research report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.88.

Insider Transactions at IonQ

In other news, Director Kathryn K. 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 owned 62,608 shares in the company, valued at $3,444,692.16. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert T. Cardillo sold 3,773 shares of IonQ stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $49.90, for a total value of $188,272.70. Following the transaction, the insider owned 139,967 shares of the company’s stock, valued at $6,984,353.30. The trade was a 2.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 13,102 shares of company stock worth $701,489. Insiders own 0.55% of the company’s stock.

Key Stories Impacting IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Trump’s executive orders on quantum computing and post-quantum cryptography position IonQ to potentially benefit from federal funding, partnerships, and policy support. Article link
• Positive Sentiment: Northland Securities raised its price target on IonQ to $70 and reiterated an outperform rating, reinforcing bullish analyst sentiment. Article link
• Positive Sentiment: Investors are reacting to IonQ’s recent product momentum and broader growth narrative, including its quantum security launch and expanding full-stack strategy. Article link
• Neutral Sentiment: Shareholder voting was mixed, with board approval but some pushback on pay, making the governance update neither clearly positive nor negative. Article link
• Negative Sentiment: Several analysts and market commentators warned that IonQ’s valuation is rich and that higher costs, execution risk, and macro pressure could limit near-term upside. Article link
• Negative Sentiment: Recent insider sales by directors and an executive may create some caution, even though the transactions were not large relative to IonQ’s size. Article link

IonQ Trading Down 1.2%

Shares of IONQ stock opened at $57.61 on Wednesday. IonQ, Inc. has a 12-month low of $25.89 and a 12-month high of $84.64. The business’s fifty day simple moving average is $54.19 and its 200-day simple moving average is $45.10. The company has a market cap of $21.50 billion, a PE ratio of -205.75 and a beta of 3.18.

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