IonQ, Inc. (NYSE:IONQ) Shares Sold by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC cut its holdings in IonQ, Inc. (NYSE:IONQ) by 16.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,454 shares of the company’s stock after selling 1,715 shares during the period. Impact Partnership Wealth LLC’s holdings in IonQ were worth $353,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in IONQ. City State Bank acquired a new position in IonQ during the fourth quarter worth approximately $36,000. Versant Capital Management Inc increased its position in IonQ by 1,348.5% during the 4th quarter. Versant Capital Management Inc now owns 956 shares of the company’s stock worth $40,000 after purchasing an additional 890 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in IonQ in the fourth quarter valued at approximately $42,000. GAMMA Investing LLC lifted its position in IonQ by 73.2% during the fourth quarter. GAMMA Investing LLC now owns 1,136 shares of the company’s stock valued at $47,000 after buying an additional 480 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in IonQ during the third quarter worth approximately $72,000. Hedge funds and other institutional investors own 41.42% of the company’s stock.

Insider Activity

In other news, CFO Thomas G. Kramer sold 9,780 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $29.72, for a total transaction of $290,661.60. Following the completion of the transaction, the chief financial officer now owns 926,114 shares of the company’s stock, valued at approximately $27,524,108.08. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CRO Rima Alameddine sold 21,337 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $29.73, for a total transaction of $634,349.01. Following the transaction, the executive now owns 571,321 shares of the company’s stock, valued at $16,985,373.33. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 67,098 shares of company stock valued at $1,720,683. Company insiders own 11.60% of the company’s stock.

IonQ Stock Down 1.2 %

NYSE:IONQ opened at $40.86 on Friday. The company has a market cap of $8.84 billion, a PE ratio of -50.44 and a beta of 2.43. The business’s 50 day moving average is $37.16 and its two-hundred day moving average is $19.58. IonQ, Inc. has a 52 week low of $6.22 and a 52 week high of $54.74.

IonQ (NYSE:IONQ) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.02). IonQ had a negative return on equity of 36.82% and a negative net margin of 457.85%. The firm had revenue of $12.40 million for the quarter, compared to the consensus estimate of $10.56 million. During the same quarter last year, the business earned ($0.22) earnings per share. The business’s revenue for the quarter was up 102.1% compared to the same quarter last year. As a group, sell-side analysts expect that IonQ, Inc. will post -0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IONQ has been the topic of a number of research reports. The Goldman Sachs Group raised their target price on shares of IonQ from $16.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Craig Hallum lifted their target price on IonQ from $22.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Benchmark increased their price target on IonQ from $12.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 7th. DA Davidson began coverage on IonQ in a research report on Thursday, December 19th. They issued a “buy” rating and a $50.00 target price on the stock. Finally, Needham & Company LLC raised their price target on shares of IonQ from $13.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.00.

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.