SG Americas Securities LLC Grows Holdings in IonQ, Inc. $IONQ

SG Americas Securities LLC boosted its position in shares of IonQ, Inc. (NYSE:IONQ) by 139.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,936 shares of the company’s stock after acquiring an additional 12,209 shares during the period. SG Americas Securities LLC’s holdings in IonQ were worth $604,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in IONQ. Capstone Wealth Management Group LLC increased its stake in shares of IonQ by 23.2% in the fourth quarter. Capstone Wealth Management Group LLC now owns 10,810 shares of the company’s stock worth $485,000 after purchasing an additional 2,035 shares in the last quarter. Strong Tower Advisory Services lifted its stake in shares of IonQ by 3.1% during the 1st quarter. Strong Tower Advisory Services now owns 32,259 shares of the company’s stock valued at $930,000 after buying an additional 983 shares in the last quarter. Polianta Ltd boosted its holdings in IonQ by 18.2% in the 1st quarter. Polianta Ltd now owns 32,500 shares of the company’s stock worth $936,000 after buying an additional 5,000 shares during the period. Purpose Unlimited Inc. purchased a new stake in IonQ in the 4th quarter worth $784,000. Finally, Rockefeller Capital Management L.P. increased its stake in IonQ by 257.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 511,178 shares of the company’s stock worth $22,937,000 after buying an additional 368,045 shares in the last quarter. Hedge funds and other institutional investors own 41.42% of the company’s stock.

IonQ Price Performance

Shares of IONQ stock opened at $45.34 on Wednesday. The company has a market cap of $16.93 billion, a PE ratio of -161.94 and a beta of 3.23. IonQ, Inc. has a 1 year low of $25.89 and a 1 year high of $84.64. The stock’s 50 day simple moving average is $55.73 and its two-hundred day simple moving average is $45.05.

IonQ (NYSE:IONQ) last announced its earnings results on Wednesday, May 6th. The company reported ($0.34) EPS 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 analysts’ expectations of $49.75 million. IonQ had a negative return on equity of 23.20% and a net margin of 174.88%.IonQ’s revenue for the quarter was up 754.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) EPS. Equities research analysts expect that IonQ, Inc. will post -2.26 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on IONQ. Morgan Stanley set a $48.50 price objective on IonQ in a research report on Thursday, May 7th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 target price on shares of IonQ in a research note on Thursday, June 11th. Weiss Ratings raised IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Northland Securities upped their price target on IonQ from $55.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, June 22nd. Finally, Jefferies Financial Group set a $85.00 price objective on shares of IonQ in a report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.88.

Insider Buying and Selling

In other news, Director Gabrielle B. Toledano sold 2,757 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.01, for a total value of $151,662.57. Following the sale, the director owned 11,154 shares of the company’s stock, valued at approximately $613,581.54. This represents a 19.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kathryn K. Chou sold 2,757 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.02, for a total transaction of $151,690.14. Following the completion of the sale, the director owned 62,608 shares of the company’s stock, valued at $3,444,692.16. This trade represents a 4.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 13,102 shares of company stock valued at $701,489 in the last three months. Corporate insiders own 0.55% of the company’s stock.

Key IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ is expanding beyond core quantum computing into quantum cybersecurity and space-based geospatial intelligence, which could broaden its commercial opportunity set and improve long-term growth prospects. IonQ (IONQ) Expands Into Quantum Cybersecurity And Space Based Geospatial Intelligence
• Neutral Sentiment: IonQ has remained a high-interest stock among traders, with multiple articles noting increased investor attention and searches, which may add to volatility but does not by itself change fundamentals. IonQ, Inc. (IONQ) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Analysts and commentary pieces continue to debate IonQ’s scale-up potential and its position in the race to quantum advantage, but these are mostly opinion-driven and not immediate catalysts. IonQ’s Quantum Iterations: A Clear Advantage In The Race To Scale
• Negative Sentiment: Shares are declining as investors grow cautious about the quantum computing sector overall, with concerns about stretched valuations and the arrival of a new competitor weighing on sentiment. Why IonQ (IONQ) Stock Is Nosediving
• Negative Sentiment: IonQ has also been trading well below recent levels, reflecting broader weakness and investor uncertainty around the stock’s near-term outlook. IonQ, Inc. (IONQ) Dips More Than Broader Market: What You Should Know

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.