Strategic Planning Group LLC Has $5.35 Million Holdings in IonQ, Inc. $IONQ

Strategic Planning Group LLC boosted its holdings in IonQ, Inc. (NYSE:IONQ) by 17.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 119,291 shares of the company’s stock after purchasing an additional 17,922 shares during the quarter. Strategic Planning Group LLC’s holdings in IonQ were worth $5,353,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IONQ. Stone House Investment Management LLC raised its stake in shares of IonQ by 700.0% in the third quarter. Stone House Investment Management LLC now owns 400 shares of the company’s stock worth $25,000 after purchasing an additional 350 shares during the last quarter. Ameriflex Group Inc. boosted its position in shares of IonQ by 485.7% during the third 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. Fortitude Family Office LLC grew its holdings in IonQ by 3,800.0% during the fourth quarter. Fortitude Family Office LLC now owns 624 shares of the company’s stock worth $28,000 after buying an additional 608 shares in the last quarter. UMB Bank n.a. purchased a new stake in IonQ in the 3rd quarter valued at $31,000. Finally, Beaird Harris Wealth Management LLC raised its position 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 buying an additional 270 shares during the last quarter. 41.42% of the stock is owned by institutional investors.

IonQ Trading Up 15.7%

IONQ stock opened at $56.99 on Tuesday. The stock has a market cap of $20.89 billion, a P/E ratio of -203.52 and a beta of 3.05. The stock’s fifty day simple moving average is $37.06 and its two-hundred day simple moving average is $43.48. IonQ, Inc. has a 1-year low of $25.89 and a 1-year high of $84.64.

Wall Street Analyst Weigh In

A number of research firms have issued reports on IONQ. Wall Street Zen downgraded shares of IonQ from a “sell” rating to a “strong sell” rating in a report on Monday. Cantor Fitzgerald reiterated an “overweight” rating on shares of IonQ in a report on Monday, February 9th. JPMorgan Chase & Co. raised their price target on shares of IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Northland Securities started coverage on shares of IonQ in a report on Monday, April 20th. They set an “outperform” rating and a $55.00 price target on the stock. Finally, Morgan Stanley set a $48.50 price objective on shares of IonQ in a research report on Thursday. Ten equities research analysts have rated the stock with a Buy rating, six have issued 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 an average target price of $68.63.

More IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: SkyWater Technology shareholders approved IonQ’s merger deal, keeping the company’s semiconductor-manufacturing expansion story on track and helping reinforce its long-term growth narrative. IonQ SkyWater Merger Approval Puts Quantum Manufacturing Story In Focus
• Positive Sentiment: IonQ has been getting attention after a strong quarterly report, with Morgan Stanley reportedly raising its price target following what was described as a record quarter, which can boost investor confidence in the stock. Morgan Stanley lifts IonQ target after record quarter
• Positive Sentiment: Recent commentary highlighted record revenue and a strong remaining performance obligation (RPO) backlog, suggesting commercial demand may accelerate even though the company is still reporting losses. IonQ stock is selling off, but a strong RPO figure says commercial revenue acceleration is ahead
• Positive Sentiment: IonQ is also benefiting from broader momentum in quantum-computing names, with reports that the sector is drawing fresh buying interest ahead of upcoming earnings from peers. IonQ stock jumps as SkyWater deal clears shareholder vote
• Neutral Sentiment: IonQ continues to attract heavy investor and media attention, which can amplify trading volume and volatility but does not by itself change the company’s fundamentals. Investors Heavily Search IonQ, Inc. (IONQ): Here is What You Need to Know
• Neutral Sentiment: Industry coverage around quantum earnings this week keeps IonQ in focus, but it mainly reflects sector-wide speculation rather than a direct operational update. These Quantum Companies Post Earnings This Week. Expect More Innovation and Less Profit.
• Negative Sentiment: One report noted insider selling, which can be a mild caution signal for investors even if it does not necessarily indicate a change in the company’s outlook. Insider Selling: IonQ (NYSE:IONQ) Insider Sells $188,272.70 in Stock

Insider Transactions at IonQ

In related news, insider Robert T. Cardillo sold 3,773 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $49.90, for a total value of $188,272.70. Following the transaction, the insider directly owned 139,967 shares of the company’s stock, valued at approximately $6,984,353.30. The trade was a 2.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John W. Raymond sold 2,800 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $33.34, for a total transaction of $93,352.00. Following 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 position. The SEC filing for this sale provides additional information. Insiders have sold 12,354 shares of company stock worth $504,428 in the last ninety days. Company insiders own 5.20% of the company’s stock.

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. 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.