IonQ (NYSE:IONQ) Stock Price Down 1.2% Following Insider Selling

IonQ, Inc. (NYSE:IONQ) shares were down 1.2% during trading on Tuesday following insider selling activity. The company traded as low as $56.00 and last traded at $57.61. 26,694,795 shares traded hands during trading, an increase of 0% from the average daily volume of 26,579,193 shares. The stock had previously closed at $58.32.

Specifically, Director Gabrielle B. Toledano sold 2,757 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $55.01, for a total transaction of $151,662.57. Following the sale, the director directly owned 11,154 shares in the company, valued at $613,581.54. This represents a 19.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John W. Raymond sold 3,815 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.01, for a total value of $209,863.15. Following the sale, the insider directly owned 80,148 shares of the company’s stock, valued at $4,408,941.48. This represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In other IonQ news, Director Kathryn K. Chou sold 2,757 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.02, for a total value of $151,690.14. Following the transaction, 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IONQ. Wedbush restated an “outperform” rating and set a $60.00 target price on shares of IonQ in a report on Monday, May 4th. Weiss Ratings raised IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Jefferies Financial Group set a $85.00 price target on shares of IonQ in a research report on Thursday, May 7th. JPMorgan Chase & Co. increased their price objective on shares of IonQ from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Northland Securities raised their price objective on shares of IonQ from $55.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.88.

More IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: The biggest catalyst is renewed sector excitement after President Trump’s executive orders aimed at accelerating U.S. quantum-computing development and strengthening cryptographic defenses, which lifted sentiment across quantum names including IonQ. WSJ source
• Positive Sentiment: Northland Securities raised its price target on IONQ to $70 from $55 and reiterated an outperform rating, reinforcing bullish analyst expectations. Benzinga source
• Positive Sentiment: Investor enthusiasm is also being supported by IonQ’s recent product momentum, including its Clavis XG Multiplex quantum security launch and broader growth narrative around networking, sensing, and security. Quiver Quantitative source
• Positive Sentiment: IonQ’s near-term growth story is still being viewed favorably by some analysts and commentators, who point to its expanding quantum platform and commercial traction despite the sector’s volatility. Yahoo Finance source
• Neutral Sentiment: Shareholders approved the board, but the pay vote showed some pushback, making the governance update mixed rather than a clear bullish or bearish signal. TipRanks source
• Neutral Sentiment: IonQ also saw multiple insider sales, including director Kathryn Chou and insider John W. Raymond, which may weigh on sentiment but does not necessarily change the long-term thesis. InsiderTrades source
• Negative Sentiment: Several recent articles warn that IONQ’s near-term growth could be challenged by rising costs, execution demands, uneven revenue timing, and its still-rich valuation. Yahoo Finance source
• Negative Sentiment: Additional commentary says macro pressure and higher interest rates could limit upside for quantum stocks, including IonQ, despite strong long-term promise. Yahoo Finance source
• Negative Sentiment: A Zacks article framed IonQ as a less attractive quantum stock than Rigetti after Quantinuum’s IPO, citing upside and balance-sheet considerations. Zacks source

IonQ Trading Down 1.2%

The stock has a market cap of $21.50 billion, a price-to-earnings ratio of -205.75 and a beta of 3.18. The firm has a fifty day simple moving average of $53.61 and a 200-day simple moving average of $45.04.

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

Hedge Funds Weigh In On IonQ

Several hedge funds have recently added to or reduced their stakes in the company. Ameriflex Group Inc. increased its position in IonQ by 485.7% in the third quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock worth $25,000 after purchasing an additional 340 shares during the period. Beaird Harris Wealth Management LLC raised its holdings in IonQ by 117.4% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock worth $31,000 after purchasing an additional 270 shares during the last quarter. Accent Capital Management LLC lifted its position in IonQ by 171.8% during the 4th quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock valued at $26,000 after purchasing an additional 371 shares during the period. Kelleher Financial Advisors acquired a new position in IonQ during the 3rd quarter valued at about $36,000. Finally, Fortitude Family Office LLC boosted its stake in shares of IonQ by 3,800.0% in 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. Institutional investors own 41.42% of the company’s stock.

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.