Rima Alameddine Sells 1,407 Shares of IonQ, Inc. (NYSE:IONQ) Stock

IonQ, Inc. (NYSE:IONQ) CRO Rima Alameddine sold 1,407 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $21.20, for a total value of $29,828.40. Following the transaction, the executive now owns 592,615 shares of the company’s stock, valued at $12,563,438. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Rima Alameddine also recently made the following trade(s):

• On Wednesday, December 11th, Rima Alameddine sold 21,337 shares of IonQ stock. The stock was sold at an average price of $29.73, for a total value of $634,349.01.

IonQ Stock Performance

Shares of NYSE:IONQ opened at $18.68 on Wednesday. IonQ, Inc. has a twelve month low of $6.22 and a twelve month high of $54.74. The firm has a market cap of $4.16 billion, a PE ratio of -23.06 and a beta of 2.50. The business has a fifty day moving average of $35.31 and a 200-day moving average of $25.67.

Wall Street Analyst Weigh In

IONQ has been the subject of several recent analyst reports. Craig Hallum increased their price objective on IonQ from $22.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Benchmark dropped their price objective on IonQ from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Needham & Company LLC reiterated a “buy” rating and set a $54.00 price objective on shares of IonQ in a research note on Thursday, February 27th. The Goldman Sachs Group increased their price objective on IonQ from $16.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Finally, DA Davidson upgraded IonQ to a “strong-buy” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $44.80.

Institutional Trading of IonQ

A number of hedge funds and other institutional investors have recently made changes to their positions in IONQ. Creative Planning boosted its holdings in IonQ by 47.8% in the third quarter. Creative Planning now owns 24,364 shares of the company’s stock valued at $213,000 after acquiring an additional 7,878 shares during the last quarter. LMR Partners LLP bought a new position in IonQ in the third quarter valued at about $874,000. Prospera Financial Services Inc boosted its holdings in IonQ by 196.1% in the third quarter. Prospera Financial Services Inc now owns 38,508 shares of the company’s stock valued at $337,000 after acquiring an additional 25,502 shares during the last quarter. Moors & Cabot Inc. bought a new position in IonQ in the third quarter valued at about $92,000. Finally, Intech Investment Management LLC bought a new position in IonQ in the third quarter valued at about $381,000. 41.42% of the stock is currently owned by institutional investors and hedge funds.

IonQ Company 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.