Key Points
- IonQ insider Robert Cardillo sold 3,773 shares on May 6 at an average price of $49.90, totaling about $188,273. After the sale, he still held 139,967 shares worth roughly $6.98 million.
- IonQ’s recent operating news was positive, including record Q1 revenue of $64.7 million and a raised 2026 revenue outlook, suggesting accelerating demand for its quantum computing platform.
- Analyst sentiment remains mixed but constructive: the stock has a consensus “Moderate Buy” rating with an average target price of $68.63, even as some firms recently lowered targets or downgraded the shares.
IonQ, Inc. (NYSE:IONQ - Get Free Report) insider Robert Cardillo sold 3,773 shares of IonQ stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $49.90, for a total value of $188,272.70. Following the completion of the sale, the insider directly owned 139,967 shares in the company, valued at approximately $6,984,353.30. This represents a 2.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
IonQ Stock Performance
NYSE IONQ opened at $49.36 on Friday. IonQ, Inc. has a 52 week low of $25.89 and a 52 week high of $84.64. The stock's 50 day moving average price is $36.42 and its two-hundred day moving average price is $43.57. The stock has a market capitalization of $18.10 billion, a price-to-earnings ratio of -176.28 and a beta of 3.05.
IonQ News Roundup
Here are the key news stories impacting IonQ this week:
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Jefferies Financial Group set a $85.00 target price on shares of IonQ in a research report on Thursday. Benchmark reduced their price objective on shares of IonQ from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Wall Street Zen cut IonQ from a "hold" rating to a "sell" rating in a report on Sunday, May 3rd. DA Davidson lowered their target price on IonQ from $55.00 to $35.00 and set a "neutral" rating on the stock in a research report on Thursday, February 26th. Finally, Northland Securities began coverage on IonQ in a report on Monday, April 20th. They set an "outperform" rating and a $55.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, IonQ currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.63.
Check Out Our Latest Report on IONQ
Hedge Funds Weigh In On IonQ
Several institutional investors and hedge funds have recently modified their holdings of IONQ. Stone House Investment Management LLC lifted its stake in shares of IonQ by 700.0% during the 3rd quarter. Stone House Investment Management LLC now owns 400 shares of the company's stock worth $25,000 after buying an additional 350 shares during the last quarter. Ameriflex Group Inc. grew its stake in IonQ by 485.7% in the 3rd quarter. Ameriflex Group Inc. now owns 410 shares of the company's stock valued at $25,000 after buying an additional 340 shares during the last quarter. Accent Capital Management LLC grew its stake in IonQ by 171.8% in the 4th quarter. Accent Capital Management LLC now owns 587 shares of the company's stock valued at $26,000 after buying an additional 371 shares during the last quarter. Fortitude Family Office LLC raised its holdings in 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 acquiring an additional 608 shares during the period. Finally, PeakShares LLC bought a new position in IonQ in the 1st quarter valued at about $29,000. 41.42% of the stock is currently owned by institutional investors and hedge funds.
IonQ Company Profile
(
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.
See Also
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