Polianta Ltd Invests $1.23 Million in IonQ, Inc. $IONQ

Polianta Ltd bought a new position in shares of IonQ, Inc. (NYSE:IONQFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,500 shares of the company’s stock, valued at approximately $1,233,000.

Several other institutional investors also recently bought and sold shares of IONQ. ORG Wealth Partners LLC boosted its holdings in shares of IonQ by 7.1% during the 4th quarter. ORG Wealth Partners LLC now owns 32,902 shares of the company’s stock valued at $1,476,000 after purchasing an additional 2,189 shares during the last quarter. Spire Wealth Management increased its holdings in shares of IonQ by 30.8% in the fourth quarter. Spire Wealth Management now owns 1,556 shares of the company’s stock worth $70,000 after purchasing an additional 366 shares during the last quarter. Chesley Taft & Associates LLC purchased a new stake in shares of IonQ in the fourth quarter worth about $678,000. Exchange Traded Concepts LLC lifted its position in shares of IonQ by 7.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 139,752 shares of the company’s stock worth $6,271,000 after buying an additional 9,349 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in IonQ by 8.9% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,759 shares of the company’s stock valued at $348,000 after buying an additional 634 shares during the last quarter. 41.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director William J. Teuber, Jr. bought 3,000 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were purchased at an average price of $38.38 per share, with a total value of $115,140.00. Following the transaction, the director owned 9,413 shares in the company, valued at $361,270.94. This trade represents a 46.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John W. Raymond sold 2,800 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $33.34, for a total value of $93,352.00. Following the sale, the insider owned 83,963 shares in the company, valued at $2,799,326.42. The trade was a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 8,581 shares of company stock valued at $316,156. 5.20% of the stock is currently owned by insiders.

IonQ Price Performance

Shares of NYSE IONQ opened at $26.58 on Tuesday. IonQ, Inc. has a 1-year low of $18.81 and a 1-year high of $84.64. The business’s 50 day moving average is $36.04 and its two-hundred day moving average is $49.23. The stock has a market capitalization of $9.75 billion, a P/E ratio of -10.68 and a beta of 2.61.

More IonQ News

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Wall Street Analyst Weigh In

Several research firms have weighed in on IONQ. JPMorgan Chase & Co. cut their price target on IonQ from $47.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, February 26th. Mizuho started coverage on IonQ in a research report on Thursday, December 11th. They set an “outperform” rating and a $90.00 target price for the company. Wedbush started coverage on IonQ in a research report on Wednesday, December 17th. They set an “outperform” rating and a $60.00 target price for the company. Benchmark cut their target price on shares of IonQ from $75.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $100.00 price target on shares of IonQ in a research report on Thursday, February 26th. Nine 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.45.

View Our Latest Analysis on IonQ

About IonQ

(Free Report)

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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Institutional Ownership by Quarter for IonQ (NYSE:IONQ)

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