Timothy G. Youngquist 2020 Irrevocable Trust Acquires New Shares in IonQ, Inc. $IONQ

Timothy G. Youngquist 2020 Irrevocable Trust bought a new stake in IonQ, Inc. (NYSE:IONQ) during the second quarter, HoldingsChannel.com reports. The firm bought 64,423 shares of the company’s stock, valued at approximately $3,431,000. IonQ comprises about 0.7% of Timothy G. Youngquist 2020 Irrevocable Trust’s investment portfolio, making the stock its 13th largest position.

Several other institutional investors have also recently bought and sold shares of IONQ. Buckland Partners Management Co LLC bought a new position in shares of IonQ in the second quarter worth about $320,000. BlackRock Inc. bought a new stake in shares of IonQ during the 2nd quarter valued at approximately $1,112,945,000. Deutsche Bank AG bought a new stake in shares of IonQ during the 2nd quarter valued at approximately $27,836,000. Perigon Wealth Management LLC acquired a new position in IonQ during the 2nd quarter worth approximately $814,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in IonQ during the 2nd quarter worth approximately $20,818,000. Institutional investors and hedge funds own 41.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on IONQ shares. JPMorgan Chase & Co. raised their target price on shares of IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Morgan Stanley set a $49.00 price target on shares of IonQ in a report on Thursday, August 6th. Benchmark reiterated a “buy” rating and issued a $60.00 price target on shares of IonQ in a research note on Thursday, August 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of IonQ in a report on Friday, August 7th. Finally, Wedbush assumed coverage on IonQ in a research report on Monday, August 3rd. They set an “outperform” rating and a $75.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, IonQ has an average rating of “Moderate Buy” and an average price target of $69.92.

Key Headlines Impacting IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Expanded Canadian access: IonQ and CMC Microsystems signed a memorandum of understanding to integrate IonQ’s commercial trapped-ion quantum systems into Canada’s FABrIC Quantum Computing Sandbox. The agreement is expected to give Canadian researchers and businesses cloud access to IonQ technology, potentially supporting customer adoption and future revenue. IonQ and CMC Microsystems Announce Collaboration to Expand Cloud Quantum Computing Access in Canada
• Positive Sentiment: Networking and security initiatives: Alliances with Sandia National Laboratories and EPB are broadening IonQ’s focus beyond quantum computing hardware into utility-scale systems, quantum communications and security-related applications. The EPB collaboration includes work at the Tennessee Quantum Communications Research Center and a commercial quantum-memory deployment. Why Is IonQ Pushing Deeper Into Quantum Networking And Security?
• Positive Sentiment: Improving operating momentum: IonQ’s second-quarter results featured substantially higher revenue and a raised 2026 outlook. Coverage also characterized IonQ as one of the stronger performers among smaller quantum-computing companies, which supports the investment case relative to some rivals. Two Quantum Computing Stocks Are Starting to Pull Ahead of the Pack
• Neutral Sentiment: Wide valuation range: Analyst commentary presents an $82 bullish scenario and a $26 bearish scenario, highlighting the uncertainty around IonQ’s commercialization pace, competitive position and long-term financial performance. IonQ Stock Prediction: $82 Bull Case vs $26 Bear Case
• Negative Sentiment: Profit-taking and valuation concerns: IonQ’s stock had risen about 16% since its second-quarter earnings release, prompting debate over whether investors should lock in gains. Despite strong revenue growth, the company remains unprofitable, so a premium valuation leaves the shares vulnerable to pullbacks if execution or growth expectations weaken. IonQ Stock Up 16% Since Q2 Earnings: Should You Buy or Book Profits?

IonQ Stock Performance

Shares of NYSE IONQ opened at $44.12 on Wednesday. The company’s 50 day moving average price is $45.22 and its 200-day moving average price is $43.15. IonQ, Inc. has a 52-week low of $25.89 and a 52-week high of $84.64. The company has a market capitalization of $16.81 billion, a P/E ratio of -9.47 and a beta of 3.28.

IonQ (NYSE:IONQ) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.56) by $0.23. IonQ had a negative net margin of 553.27% and a negative return on equity of 22.29%. The company had revenue of $80.05 million during the quarter, compared to analysts’ expectations of $66.47 million. During the same period in the prior year, the company posted ($0.70) earnings per share. IonQ’s revenue for the quarter was up 286.7% compared to the same quarter last year. Analysts forecast that IonQ, Inc. will post -2.86 earnings per share for the current year.

Insider Buying and Selling at IonQ

In other IonQ news, insider John W. Raymond sold 3,815 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.01, for a total transaction of $209,863.15. Following the sale, the insider owned 80,148 shares of the company’s stock, valued at approximately $4,408,941.48. This represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kathryn K. Chou sold 2,757 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.02, for a total value of $151,690.14. Following the sale, the director owned 62,608 shares of the company’s stock, valued at approximately $3,444,692.16. The trade was a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 9,329 shares of company stock valued at $513,216. 0.55% of the stock is currently owned by insiders.

About IonQ

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.