BNP Paribas Financial Markets Acquires 488,908 Shares of IonQ, Inc. $IONQ

BNP Paribas Financial Markets raised its position in IonQ, Inc. (NYSE:IONQ) by 163.5% in the 4th quarter, Holdings Channel reports. The firm owned 787,875 shares of the company’s stock after buying an additional 488,908 shares during the quarter. BNP Paribas Financial Markets’ holdings in IonQ were worth $35,352,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IONQ. Royal Bank of Canada boosted its holdings in IonQ by 12.5% in the 1st quarter. Royal Bank of Canada now owns 134,176 shares of the company’s stock valued at $2,962,000 after purchasing an additional 14,898 shares during the period. Amundi bought a new position in IonQ in the 1st quarter valued at $630,000. AQR Capital Management LLC boosted its holdings in IonQ by 106.2% in the 1st quarter. AQR Capital Management LLC now owns 57,305 shares of the company’s stock valued at $1,265,000 after purchasing an additional 29,513 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in IonQ by 24.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 450,031 shares of the company’s stock valued at $9,932,000 after purchasing an additional 87,428 shares during the period. Finally, Focus Partners Wealth boosted its holdings in IonQ by 30.3% in the 1st quarter. Focus Partners Wealth now owns 46,782 shares of the company’s stock valued at $1,032,000 after purchasing an additional 10,881 shares during the period. 41.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider John W. Raymond sold 2,800 shares of IonQ stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $33.34, for a total transaction of $93,352.00. Following the completion of the sale, the insider directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert T. Cardillo sold 3,773 shares of IonQ stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $49.90, for a total transaction of $188,272.70. Following the sale, the insider directly owned 139,967 shares of the company’s stock, valued at $6,984,353.30. This represents a 2.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.20% of the company’s stock.

IonQ Stock Performance

NYSE IONQ opened at $68.02 on Thursday. IonQ, Inc. has a 52-week low of $25.89 and a 52-week high of $84.64. The company has a market capitalization of $25.39 billion, a P/E ratio of -242.91 and a beta of 3.18. The company has a fifty day moving average of $46.01 and a 200-day moving average of $43.96.

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

Analyst Upgrades and Downgrades

IONQ has been the subject of several analyst reports. Cantor Fitzgerald reissued an “overweight” rating on shares of IonQ in a report on Monday, February 9th. Needham & Company LLC cut their price target on shares of IonQ from $80.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Rosenblatt Securities reissued a “buy” rating and issued a $100.00 price target on shares of IonQ in a report on Thursday, February 26th. Northland Securities initiated coverage on shares of IonQ in a report on Monday, April 20th. They issued an “outperform” rating and a $55.00 price target for the company. Finally, Morgan Stanley set a $48.50 price target on shares of IonQ in a report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, IonQ presently has an average rating of “Moderate Buy” and an average price target of $68.63.

More IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ opened a 22,000-square-foot quantum R&D lab in Boulder, Colorado, with semiconductor ion-trap chips expected to power its first commercial machine by year-end, reinforcing execution progress and commercialization potential. Article: IonQ just opened a 22,000-square-foot quantum R&D lab in Boulder, Colorado
• Positive Sentiment: IBM’s multibillion-dollar quantum investment is seen as a sign that the market opportunity is real, which could help smaller pure-play names like IonQ attract more attention and capital. Article: What IBM’s $10-Billion Quantum Project Means For Smaller Players (IONQ)
• Positive Sentiment: Coverage emphasizing that IonQ stock surged 59.7% in May points to strong momentum and growing speculative demand in the quantum-computing trade. Article: Why IonQ Stock Skyrocketed 59.7% in May
• Positive Sentiment: Analysts and commentators continue to frame IonQ as a leading pure-play quantum computing company with strong government and education-sector demand, supporting the case for rapid revenue growth. Article: IonQ: Unique Trapped Ion Technology To Sustain Rapid Growth
• Neutral Sentiment: Several articles note heightened investor attention and sector-wide trading interest, but these pieces are more about market sentiment than a specific new catalyst. Article: IonQ, Inc. (IONQ) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Some commentary warns that quantum stocks are being treated as one crowded trade, which could create volatility if enthusiasm shifts away from the sector. Article: Will Quantinuum Lift Other Quantum Stocks — Or Eat Their Lunch?

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.