Granahan Investment Management LLC Has $4.21 Million Position in IonQ, Inc. $IONQ

Granahan Investment Management LLC boosted its stake in shares of IonQ, Inc. (NYSE:IONQ) by 36.8% in the first quarter, Holdings Channel reports. The firm owned 146,012 shares of the company’s stock after acquiring an additional 39,290 shares during the period. Granahan Investment Management LLC’s holdings in IonQ were worth $4,210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bogart Wealth LLC lifted its stake in shares of IonQ by 24.4% in the first quarter. Bogart Wealth LLC now owns 1,273 shares of the company’s stock worth $37,000 after buying an additional 250 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its holdings in shares of IonQ by 117.4% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock worth $31,000 after buying an additional 270 shares during the period. EverSource Wealth Advisors LLC grew its stake in IonQ by 50.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 831 shares of the company’s stock valued at $36,000 after buying an additional 279 shares during the last quarter. ABN Amro Investment Solutions grew its stake in IonQ by 2.5% in the 1st quarter. ABN Amro Investment Solutions now owns 12,314 shares of the company’s stock valued at $355,000 after buying an additional 295 shares during the last quarter. Finally, Letson Investment Management Inc. raised its holdings in IonQ by 2.6% in the 4th quarter. Letson Investment Management Inc. now owns 12,619 shares of the company’s stock worth $566,000 after acquiring an additional 319 shares during the period. Institutional investors and hedge funds own 41.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on IONQ shares. Morgan Stanley set a $48.50 target price on shares of IonQ in a research report on Thursday, May 7th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price target on shares of IonQ in a research report on Monday, May 4th. Weiss Ratings upgraded IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price objective on shares of IonQ in a research report on Thursday, June 11th. Finally, Jefferies Financial Group set a $85.00 target price on IonQ in a research note on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, IonQ has a consensus rating of “Moderate Buy” and an average target price of $69.88.

Insider Buying and Selling at IonQ

In other IonQ news, insider Robert T. Cardillo sold 3,773 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $49.90, for a total transaction of $188,272.70. Following the completion of the transaction, the insider owned 139,967 shares in the company, valued at $6,984,353.30. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kathryn K. Chou sold 2,757 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.02, for a total value of $151,690.14. Following the completion of the sale, the director directly owned 62,608 shares in the company, valued at approximately $3,444,692.16. This represents a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 13,102 shares of company stock worth $701,489. Insiders own 0.55% of the company’s stock.

IonQ Price Performance

IONQ opened at $32.81 on Friday. IonQ, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $84.64. The firm’s fifty day moving average price is $52.54 and its two-hundred day moving average price is $44.15. The company has a market capitalization of $12.25 billion, a P/E ratio of -117.17 and a beta of 3.23.

IonQ (NYSE:IONQ) last announced 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). The business had revenue of $64.67 million during the quarter, compared to analyst estimates of $49.75 million. IonQ had a net margin of 174.88% and a negative return on equity of 23.20%. The company’s quarterly revenue was up 754.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.14) EPS. On average, equities research analysts expect that IonQ, Inc. will post -2.26 EPS for the current fiscal year.

Trending Headlines about IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Several recent articles argue IonQ remains one of the most compelling quantum computing names, citing its technology leadership and potential as a pioneer in the space. Got $1,000? This Under-the-Radar Quantum Computing Pioneer Could Be a Brilliant Buy
• Positive Sentiment: Wall Street’s generally bullish stance on IonQ is supporting the stock, with coverage suggesting analysts still view it favorably despite debate over how reliable those ratings are. Is It Worth Investing in IonQ (IONQ) Based on Wall Street’s Bullish Views?
• Positive Sentiment: New research from IonQ and QuantumBasel on quantum AI workloads highlighted a potential energy-efficiency advantage over classical GPU approaches, which could strengthen the investment case if the technology proves commercially useful. IonQ (IONQ) Says Quantum AI Research Cuts Energy Use Beyond 34 Qubits
• Neutral Sentiment: Multiple comparisons with QBTS ahead of Q2 earnings keep IonQ in focus, but the discussion is mainly about relative positioning and commercial momentum rather than a clear catalyst by itself. IONQ or QBTS: Which Quantum Stock Should You Buy Ahead of Q2 Earnings?
• Neutral Sentiment: Broader market commentary continues to frame IonQ as part of a volatile quantum “bubble,” with extreme valuations and limited revenues keeping sentiment mixed and the stock vulnerable to swings. The Quantum Bubble Is Real Enough to Take Seriously (IONQ)
• Negative Sentiment: Some market commentary warns that quantum stocks like IonQ have fallen sharply from highs and remain expensive relative to fundamentals, which is weighing on investor sentiment despite ongoing enthusiasm. The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence (IONQ)

IonQ 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.