17,396 Shares in IonQ, Inc. (NYSE:IONQ) Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC purchased a new position in shares of IonQ, Inc. (NYSE:IONQ) in the third quarter, HoldingsChannel reports. The fund purchased 17,396 shares of the company’s stock, valued at approximately $152,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of IonQ by 5.1% in the first quarter. Vanguard Group Inc. now owns 18,824,996 shares of the company’s stock worth $188,062,000 after purchasing an additional 918,265 shares during the period. SG Americas Securities LLC increased its holdings in IonQ by 27.3% in the second quarter. SG Americas Securities LLC now owns 2,654,531 shares of the company’s stock worth $18,661,000 after purchasing an additional 569,906 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in IonQ by 16.7% in the second quarter. Bank of New York Mellon Corp now owns 916,536 shares of the company’s stock worth $6,443,000 after purchasing an additional 131,439 shares in the last quarter. Carnegie Investment Counsel bought a new stake in IonQ in the third quarter worth approximately $5,036,000. Finally, Hussman Strategic Advisors Inc. increased its holdings in IonQ by 126.7% in the first quarter. Hussman Strategic Advisors Inc. now owns 357,000 shares of the company’s stock worth $3,566,000 after purchasing an additional 199,500 shares in the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.

Insider Transactions at IonQ

In other IonQ news, CRO Rima Alameddine sold 11,375 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $13.72, for a total transaction of $156,065.00. Following the completion of the sale, the executive now owns 627,533 shares of the company’s stock, valued at approximately $8,609,752.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 31,125 shares of company stock worth $377,660 over the last quarter. 11.60% of the stock is currently owned by insiders.

IonQ Stock Performance

Shares of IONQ stock opened at $15.69 on Friday. The firm has a market cap of $3.32 billion, a P/E ratio of -18.86 and a beta of 2.05. IonQ, Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $16.14. The business’s 50 day moving average price is $8.76 and its 200-day moving average price is $8.22.

IonQ (NYSE:IONQ) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.04. The company had revenue of $11.38 million for the quarter, compared to analyst estimates of $8.66 million. IonQ had a negative return on equity of 34.02% and a negative net margin of 525.13%. The firm’s revenue was up 106.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.16) earnings per share. As a group, equities analysts predict that IonQ, Inc. will post -0.84 EPS for the current year.

Analyst Upgrades and Downgrades

IONQ has been the topic of a number of research reports. The Goldman Sachs Group lowered their target price on IonQ from $11.50 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Benchmark reduced 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. Needham & Company LLC reiterated a “buy” rating and set a $13.00 price target on shares of IonQ in a research note on Wednesday, October 2nd. Finally, Craig Hallum cut their price target on IonQ from $21.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, IonQ has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

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.