Insider Selling: IonQ (NYSE:IONQ) Insider Sells $209,863.15 in Stock

IonQ, Inc. (NYSE:IONQ) insider John Raymond sold 3,815 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.01, for a total value of $209,863.15. Following the transaction, the insider owned 80,148 shares in the company, valued at approximately $4,408,941.48. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

IonQ Stock Performance

IONQ opened at $53.46 on Thursday. The company has a market cap of $19.95 billion, a PE ratio of -190.92 and a beta of 3.18. The stock has a 50-day moving average of $54.67 and a 200-day moving average of $45.09. IonQ, Inc. has a 52-week low of $25.89 and a 52-week high of $84.64.

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

Key IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Trump’s executive orders on quantum computing and post-quantum cryptography could benefit IonQ by accelerating federal funding, partnerships, and demand for quantum-security solutions. Article link
• Positive Sentiment: Northland Securities raised its price target on IonQ to $70 and kept an outperform rating, reinforcing bullish analyst sentiment. Article link
• Positive Sentiment: IonQ’s recent product momentum and broader growth narrative around networking, sensing, and security continue to attract investor interest. Article link
• Neutral Sentiment: IonQ disclosed insider selling by a director, but the transactions were relatively small and do not by themselves change the company’s operating outlook. Article link
• Negative Sentiment: Recent commentary highlights that IonQ’s valuation remains rich, while rising costs, execution risk, and macro pressure could limit near-term upside. Article link
• Negative Sentiment: Several insiders, including directors, sold shares in recent days, which can add caution even though the sales were not large relative to IonQ’s market value. Article link

Hedge Funds Weigh In On IonQ

Several large investors have recently bought and sold shares of the stock. Ameriflex Group Inc. grew its position in IonQ by 485.7% during the third quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock worth $25,000 after buying an additional 340 shares in the last quarter. Accent Capital Management LLC raised its stake in IonQ by 171.8% during the fourth quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock worth $26,000 after acquiring an additional 371 shares in the last quarter. Fortitude Family Office LLC lifted 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 during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of IonQ by 216.5% in the first quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company’s stock valued at $28,000 after acquiring an additional 656 shares during the last quarter. Finally, PeakShares LLC acquired a new stake in IonQ during the 1st quarter valued at $29,000. 41.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. 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 research note on Thursday, February 26th. Northland Securities boosted their target price on shares of IonQ from $55.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday. Jefferies Financial Group set a $85.00 price target on shares of IonQ in a report on Thursday, May 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 price target on shares of IonQ in a research report on Thursday, June 11th. Finally, Weiss Ratings upgraded IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, IonQ currently has an average rating of “Moderate Buy” and an average price target of $69.88.

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.