Gabrielle Toledano Sells 2,757 Shares of IonQ (NYSE:IONQ) Stock

IonQ, Inc. (NYSE:IONQ) Director Gabrielle Toledano sold 2,757 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.01, for a total transaction of $151,662.57. Following the transaction, the director directly owned 11,154 shares of the company’s stock, valued at $613,581.54. This represents a 19.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

IonQ Stock Performance

NYSE IONQ opened at $53.46 on Thursday. IonQ, Inc. has a twelve month low of $25.89 and a twelve month high of $84.64. The stock has a market cap of $19.95 billion, a PE ratio of -190.92 and a beta of 3.18. The firm has a 50-day simple moving average of $54.67 and a 200 day simple moving average of $45.09.

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

Analyst Ratings Changes

IONQ has been the subject of a number of recent research reports. Morgan Stanley set a $48.50 target price on IonQ in a research note on Thursday, May 7th. Northland Securities lifted their price target on shares of IonQ from $55.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday. JPMorgan Chase & Co. boosted their price target on shares of IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings upgraded shares of IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Finally, Wedbush restated an “outperform” rating and issued a $60.00 price objective on shares of IonQ in a research note on Monday, May 4th. Ten 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $69.88.

Key Headlines Impacting IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Trump’s executive orders on quantum computing and post-quantum cryptography could benefit IonQ by accelerating federal funding, partnerships, and demand for quantum-security solutions. Article link
• Positive Sentiment: Northland Securities raised its price target on IonQ to $70 and kept an outperform rating, reinforcing bullish analyst sentiment. Article link
• Positive Sentiment: IonQ’s recent product momentum and broader growth narrative around networking, sensing, and security continue to attract investor interest. Article link
• Neutral Sentiment: IonQ disclosed insider selling by a director, but the transactions were relatively small and do not by themselves change the company’s operating outlook. Article link
• Negative Sentiment: Recent commentary highlights that IonQ’s valuation remains rich, while rising costs, execution risk, and macro pressure could limit near-term upside. Article link
• Negative Sentiment: Several insiders, including directors, sold shares in recent days, which can add caution even though the sales were not large relative to IonQ’s market value. Article link

Institutional Investors Weigh In On IonQ

Institutional investors have recently added to or reduced their stakes in the stock. Clear Street Group Inc. bought a new position in shares of IonQ during the third quarter valued at $61,488,000. Swedbank AB bought a new stake in shares of IonQ in the 4th quarter worth about $2,708,000. Jefferies Financial Group Inc. bought a new stake in shares of IonQ in the 4th quarter worth about $3,271,000. ProShare Advisors LLC grew its holdings in shares of IonQ by 30.3% in the 4th quarter. ProShare Advisors LLC now owns 62,184 shares of the company’s stock worth $2,790,000 after purchasing an additional 14,465 shares during the last quarter. Finally, Forsta AP Fonden acquired a new stake in shares of IonQ during the 4th quarter worth about $5,488,000. 41.42% of the stock is owned by institutional investors and hedge funds.

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.