Daiichi Life Insurance Co. Ltd. Acquires Shares of 13,977 IonQ, Inc. $IONQ

Daiichi Life Insurance Co. Ltd. acquired a new stake in IonQ, Inc. (NYSE:IONQFree Report) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 13,977 shares of the company’s stock, valued at approximately $744,000.

Other hedge funds also recently modified their holdings of the company. Bogart Wealth LLC boosted its holdings in shares of IonQ by 24.4% during the 1st quarter. Bogart Wealth LLC now owns 1,273 shares of the company’s stock worth $37,000 after buying an additional 250 shares during the period. Beaird Harris Wealth Management LLC raised its holdings in IonQ by 117.4% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock valued at $31,000 after acquiring an additional 270 shares during the period. EverSource Wealth Advisors LLC raised its holdings in IonQ by 50.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 831 shares of the company’s stock valued at $36,000 after acquiring an additional 279 shares during the period. ABN Amro Investment Solutions lifted its position in IonQ by 2.5% during the first quarter. ABN Amro Investment Solutions now owns 12,314 shares of the company’s stock worth $355,000 after acquiring an additional 295 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in IonQ by 26.1% during the second quarter. Versant Capital Management Inc now owns 1,491 shares of the company’s stock worth $79,000 after acquiring an additional 309 shares during the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.

IonQ News Roundup

Here are the key news stories impacting IonQ this week:

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on IONQ shares. JPMorgan Chase & Co. boosted their price objective on IonQ from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Northland Securities increased their target price on IonQ from $55.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, June 22nd. Needham & Company LLC reissued a “buy” rating and set a $65.00 price target on shares of IonQ in a report on Thursday, August 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $70.00 price target on shares of IonQ in a research note on Thursday, August 6th. Finally, Weiss Ratings lowered IonQ from a “sell (d+)” rating to a “sell (d-)” rating in a report on Friday. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, IonQ currently has an average rating of “Moderate Buy” and an average target price of $69.92.

View Our Latest Stock Report on IONQ

IonQ Trading Down 8.4%

Shares of IONQ stock opened at $41.08 on Tuesday. The stock has a market cap of $15.65 billion, a P/E ratio of -8.81 and a beta of 3.28. IonQ, Inc. has a 1 year low of $25.89 and a 1 year high of $84.64. The stock has a 50 day simple moving average of $43.96 and a 200 day simple moving average of $43.22.

IonQ (NYSE:IONQGet Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.23. The firm had revenue of $80.05 million for the quarter, compared to analyst estimates of $66.47 million. IonQ had a negative return on equity of 22.29% and a negative net margin of 553.27%.The company’s revenue was up 286.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.70) EPS. Analysts forecast that IonQ, Inc. will post -2.86 EPS for the current year.

Insider Transactions at IonQ

In related news, insider John W. Raymond sold 3,815 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.01, for a total value of $209,863.15. Following the completion of the transaction, the insider owned 80,148 shares of the company’s stock, valued at $4,408,941.48. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gabrielle B. Toledano sold 2,757 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.01, for a total value of $151,662.57. Following the completion of the transaction, the director directly owned 11,154 shares of the company’s stock, valued at approximately $613,581.54. This trade represents a 19.82% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,329 shares of company stock valued at $513,216. 0.55% of the stock is owned by corporate insiders.

IonQ Company Profile

(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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Want to see what other hedge funds are holding IONQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IonQ, Inc. (NYSE:IONQFree Report).

Institutional Ownership by Quarter for IonQ (NYSE:IONQ)

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