Nations Financial Group Inc. IA ADV lessened its holdings in IonQ, Inc. (NYSE:IONQ – Free Report) by 26.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 36,079 shares of the company’s stock after selling 13,092 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in IonQ were worth $1,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stone House Investment Management LLC increased its holdings in IonQ by 700.0% in the 3rd quarter. Stone House Investment Management LLC now owns 400 shares of the company’s stock valued at $25,000 after buying an additional 350 shares during the period. Ameriflex Group Inc. increased its holdings in IonQ by 485.7% in the 3rd quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock valued at $25,000 after buying an additional 340 shares during the period. Hilltop National Bank increased its holdings in IonQ by 112.5% in the 3rd quarter. Hilltop National Bank now owns 425 shares of the company’s stock valued at $26,000 after buying an additional 225 shares during the period. Fortitude Family Office LLC increased its holdings in IonQ by 3,800.0% in the 4th quarter. Fortitude Family Office LLC now owns 624 shares of the company’s stock valued at $28,000 after buying an additional 608 shares during the period. Finally, Financial Consulate Inc. bought a new stake in IonQ in the 3rd quarter valued at $29,000. Institutional investors own 41.42% of the company’s stock.
Wall Street Analyst Weigh In
IONQ has been the topic of several analyst reports. Benchmark lowered their price target on shares of IonQ from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Wall Street Zen lowered shares of IonQ from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Rosenblatt Securities reissued a “buy” rating and issued a $100.00 price target on shares of IonQ in a report on Thursday, February 26th. Needham & Company LLC lowered their target price on shares of IonQ from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of IonQ in a research report on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, IonQ presently has a consensus rating of “Moderate Buy” and an average target price of $69.45.
IonQ News Summary
Here are the key news stories impacting IonQ this week:
- Positive Sentiment: DARPA contract win and a photonic entanglement breakthrough — institutional contract and demonstrated inter-system entanglement materially strengthen IonQ’s technical and government-commercial credentials. IonQ Stock Surges 20% Today: What Is Driving IONQ Higher
- Positive Sentiment: Nvidia’s new models cited as supportive for quantum sector — Nvidia’s product moves are being viewed as an endorsement for the sector, helping drive investor interest in IonQ. IonQ (IONQ) Soars 21% on Nvidia Quantum Computing Support
- Positive Sentiment: Strong revenue growth and bullish investor narratives — recent reports highlight >400% YoY revenue growth and profiles suggesting multibagger potential, reinforcing bullish sentiment. Could IonQ Be the Next Multibagger?
- Positive Sentiment: Broader quantum-stock rally spotlight — sector-wide gains and media coverage (Barron’s feature) are drawing fresh investor flows into public quantum names like IonQ. Quantum Stocks Had a Blowout Week. IonQ, Infleqtion, and Other Names to Watch.
- Positive Sentiment: Local/state funding could boost Bothell operations — reports say state dollars are being redirected to supercharge IonQ’s Bothell growth plans, a potential operational tailwind. State Raids Lottery Leftovers To Supercharge IonQ’s Bothell Quantum Boom
- Neutral Sentiment: Wall Street analyst attention — multiple Zacks pieces highlight analyst coverage and investor interest; that attention can amplify moves but doesn’t guarantee direction. Is It Worth Investing in IonQ (IONQ) Based on Wall Street’s Bullish Views?
- Neutral Sentiment: High retail/trending interest — Zacks notes IonQ is a trending ticker, which can boost liquidity and volatility without changing fundamentals. IonQ, Inc. (IONQ) Is a Trending Stock: Facts to Know Before Betting on It
- Negative Sentiment: Valuation and cash-burn concerns — analysts warn the rally already prices in high expectations while the company is burning cash and executing growth, a risk if milestones slip. Should You Buy Sell or Hold IonQ at $42 – Is the Quantum Rally Back?
- Negative Sentiment: Trading/insider-transaction scrutiny — a flagged trade tied to Rep. Greg Steube drew attention and could raise governance/public perception questions. IONQ stock trade by Greg Steube should raise ‘some flags,’ says tracker made popular by Nancy Pelosi’s stock moves
IonQ Stock Up 3.4%
Shares of NYSE:IONQ opened at $46.18 on Friday. IonQ, Inc. has a 12 month low of $23.49 and a 12 month high of $84.64. The company’s 50-day moving average price is $33.38 and its two-hundred day moving average price is $46.16. The firm has a market cap of $16.93 billion, a P/E ratio of -18.55 and a beta of 2.80.
Insiders Place Their Bets
In other IonQ news, insider John W. Raymond sold 2,800 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $33.34, for a total transaction of $93,352.00. Following the sale, the insider owned 83,963 shares of the company’s stock, valued at $2,799,326.42. This represents a 3.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert T. Cardillo sold 5,165 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $39.44, for a total transaction of $203,707.60. Following the sale, the insider directly owned 112,291 shares in the company, valued at approximately $4,428,757.04. This represents a 4.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,581 shares of company stock valued at $316,156 in the last 90 days. 5.20% of the stock is currently owned by insiders.
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. 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.
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