IonQ, Inc. (NYSE:IONQ - Get Free Report) CRO Rima Alameddine sold 12,000 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.72, for a total transaction of $188,640.00. Following the sale, the executive now directly owns 615,533 shares in the company, valued at approximately $9,676,178.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Rima Alameddine also recently made the following trade(s):
- On Friday, October 18th, Rima Alameddine sold 11,375 shares of IonQ stock. The shares were sold at an average price of $13.72, for a total transaction of $156,065.00.
- On Wednesday, October 16th, Rima Alameddine sold 9,875 shares of IonQ stock. The stock was sold at an average price of $11.72, for a total transaction of $115,735.00.
- On Monday, October 14th, Rima Alameddine sold 9,159 shares of IonQ stock. The shares were sold at an average price of $10.72, for a total value of $98,184.48.
- On Friday, October 11th, Rima Alameddine sold 716 shares of IonQ stock. The shares were sold at an average price of $10.72, for a total value of $7,675.52.
IonQ Stock Up 8.0 %
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Shares of IONQ stock opened at $16.96 on Friday. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of -20.43 and a beta of 2.05. IonQ, Inc. has a 12-month low of $6.22 and a 12-month high of $17.05. The firm has a fifty day moving average of $9.11 and a 200-day moving average of $8.33.
IonQ (NYSE:IONQ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.04. The business had revenue of $11.38 million during the quarter, compared to the consensus estimate of $8.66 million. IonQ had a negative return on equity of 34.02% and a negative net margin of 525.13%. IonQ's quarterly revenue was up 106.4% on a year-over-year basis. During the same period last year, the company earned ($0.16) earnings per share. On average, equities analysts expect that IonQ, Inc. will post -0.84 EPS for the current year.
Hedge Funds Weigh In On IonQ
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of IonQ by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 17,906,731 shares of the company's stock worth $221,864,000 after purchasing an additional 193,924 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in IonQ by 283.1% during the first quarter. Janney Montgomery Scott LLC now owns 112,175 shares of the company's stock worth $1,121,000 after purchasing an additional 82,891 shares during the period. StoneX Group Inc. acquired a new position in IonQ during the first quarter worth approximately $420,000. Hussman Strategic Advisors Inc. boosted its stake in shares of IonQ by 126.7% during the 1st quarter. Hussman Strategic Advisors Inc. now owns 357,000 shares of the company's stock worth $3,566,000 after acquiring an additional 199,500 shares during the period. Finally, SG Americas Securities LLC raised its stake in IonQ by 1,598.7% in the 1st quarter. SG Americas Securities LLC now owns 2,084,625 shares of the company's stock valued at $20,825,000 after acquiring an additional 1,961,909 shares during the period. 41.42% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Craig Hallum decreased their price target on IonQ from $21.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $13.00 target price on shares of IonQ in a report on Wednesday, October 2nd. The Goldman Sachs Group cut their price target on IonQ from $11.50 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, August 9th. Finally, Benchmark decreased their price objective on IonQ from $16.00 to $12.00 and set a "buy" rating for the company in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.00.
View Our Latest Analysis on IONQ
About IonQ
(
Get Free Report)
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.
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