Insider Selling: IonQ (NYSE:IONQ) Director Sells $19,096.00 in Stock

IonQ, Inc. (NYSE:IONQGet Free Report) Director Gabrielle Toledano sold 616 shares of IonQ stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $31.00, for a total transaction of $19,096.00. Following the sale, the director directly owned 9,385 shares of the company’s stock, valued at $290,935. This represents a 6.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

IonQ Stock Down 6.3%

Shares of NYSE:IONQ opened at $38.30 on Friday. The business’s 50 day moving average is $42.58 and its 200 day moving average is $50.33. The stock has a market cap of $13.31 billion, a P/E ratio of -15.38 and a beta of 2.63. IonQ, Inc. has a 52-week low of $17.88 and a 52-week high of $84.64.

Institutional Trading of IonQ

Institutional investors have recently modified their holdings of the company. Amazon Com Inc. acquired a new stake in IonQ in the 2nd quarter valued at about $36,705,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of IonQ during the 3rd quarter worth approximately $806,000. Norges Bank purchased a new stake in shares of IonQ in the second quarter valued at approximately $114,767,000. Western Wealth Management LLC increased its holdings in shares of IonQ by 222.8% in the third quarter. Western Wealth Management LLC now owns 23,762 shares of the company’s stock valued at $1,461,000 after purchasing an additional 16,400 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of IonQ by 56.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 47,545 shares of the company’s stock valued at $2,924,000 after purchasing an additional 17,215 shares during the last quarter. 41.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on IONQ shares. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price objective on shares of IonQ in a report on Thursday. DA Davidson cut their target price on shares of IonQ from $55.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of IonQ from $47.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday. Zacks Research raised shares of IonQ from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Jefferies Financial Group initiated coverage on shares of IonQ in a report on Tuesday, December 16th. They set a “buy” rating and a $100.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.45.

Read Our Latest Stock Analysis on IONQ

Key Stories Impacting IonQ

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IonQ Company Profile

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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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Insider Buying and Selling by Quarter for IonQ (NYSE:IONQ)

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