IonQ, Inc. (NYSE:IONQ - Get Free Report) insider John Raymond sold 2,800 shares of the firm's stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $33.34, for a total transaction of $93,352.00. Following the completion of the transaction, the insider owned 83,963 shares of the company's stock, valued at approximately $2,799,326.42. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
IonQ Price Performance
IonQ stock opened at $33.32 on Tuesday. IonQ, Inc. has a fifty-two week low of $18.81 and a fifty-two week high of $84.64. The firm's 50 day simple moving average is $39.83 and its 200-day simple moving average is $50.06. The company has a market cap of $12.22 billion, a P/E ratio of -13.38 and a beta of 2.61.
IonQ News Summary
Here are the key news stories impacting IonQ this week:
- Positive Sentiment: Strategic MOU with KISTI announced at NVIDIA GTC positions IonQ to advance quantum–HPC hybrid solutions in South Korea using NVIDIA NVQLink, supporting enterprise and research adoption in a major APAC market. Read More.
- Positive Sentiment: A Romania quantum deal ties IonQ technology to critical‑infrastructure narratives, which may increase visibility for government and regulated‑sector procurement opportunities. Read More.
- Positive Sentiment: Analyst coverage is highlighting IonQ alongside peers as quantum computing moves toward commercialization, reinforcing the narrative that IonQ’s revenue pipeline and next‑gen systems matter to investors. Read More.
- Positive Sentiment: Retail/finance press pieces continue to favor IonQ (including comparisons and articles noting insider buying trends), which can support retail investor interest and multiple expansion. Read More.
- Negative Sentiment: Macro risk from rising oil and inflation concerns could pressure high‑beta, growth‑oriented names like IONQ if markets turn risk‑off; Zacks highlights this broader headwind for quantum stocks. Read More.
- Negative Sentiment: An insider sale (John W. Raymond sold 2,800 shares) was recently reported, which investors may view as a minor negative signal even though total insider holdings remain substantial. Read More.
Wall Street Analysts Forecast Growth
IONQ has been the topic of several recent analyst reports. Benchmark cut their target price on shares of IonQ from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. Wedbush assumed coverage on IonQ in a research report on Wednesday, December 17th. They issued an "outperform" rating and a $60.00 target price for the company. Rosenblatt Securities reissued a "buy" rating and set a $100.00 price target on shares of IonQ in a research report on Thursday, February 26th. Needham & Company LLC reduced their price objective on IonQ from $80.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Finally, Mizuho initiated coverage on IonQ in a research report on Thursday, December 11th. They set an "outperform" rating and a $90.00 price objective for the company. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, IonQ presently has an average rating of "Moderate Buy" and a consensus target price of $69.45.
Check Out Our Latest Research Report on IonQ
Institutional Trading of IonQ
A number of institutional investors have recently added to or reduced their stakes in IONQ. Vanguard Group Inc. grew its position in IonQ by 18.5% in the fourth quarter. Vanguard Group Inc. now owns 34,774,743 shares of the company's stock worth $1,560,343,000 after acquiring an additional 5,420,037 shares in the last quarter. Norges Bank acquired a new stake in shares of IonQ in the 4th quarter valued at $199,753,000. Marex Group plc lifted its stake in shares of IonQ by 419.1% in the 4th quarter. Marex Group plc now owns 4,083,453 shares of the company's stock valued at $183,225,000 after purchasing an additional 3,296,866 shares during the last quarter. State Street Corp boosted its holdings in IonQ by 42.3% in the fourth quarter. State Street Corp now owns 8,962,789 shares of the company's stock worth $402,160,000 after purchasing an additional 2,663,230 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in IonQ by 648.5% in the second quarter. JPMorgan Chase & Co. now owns 2,674,348 shares of the company's stock worth $114,917,000 after purchasing an additional 2,317,058 shares in the last quarter. 41.42% of the stock is currently owned by institutional investors and hedge funds.
About IonQ
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Get 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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