IonQ, Inc. (NYSE:IONQ) Director William F. Scannell Buys 93,066 Shares of Stock

IonQ, Inc. (NYSE:IONQ) Director William F. Scannell acquired 93,066 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $21.81 per share, with a total value of $2,029,769.46. Following the completion of the transaction, the director now directly owns 135,047 shares in the company, valued at $2,945,375.07. This trade represents a 221.69 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

IonQ Price Performance

Shares of NYSE IONQ opened at $21.83 on Thursday. The stock’s fifty day moving average price is $34.91 and its two-hundred day moving average price is $25.64. IonQ, Inc. has a one year low of $6.22 and a one year high of $54.74. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of -26.94 and a beta of 2.50.

Analysts Set New Price Targets

IONQ has been the topic of a number of analyst reports. Benchmark dropped their price objective on IonQ from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group upped 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. DA Davidson upgraded IonQ to a “strong-buy” rating in a research note on Thursday, February 20th. 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. Finally, Craig Hallum upped 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. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, IonQ has an average rating of “Buy” and an average target price of $44.80.

Institutional Trading of IonQ

Several large investors have recently modified their holdings of the stock. PDS Planning Inc grew its holdings in shares of IonQ by 2.6% during the 4th quarter. PDS Planning Inc now owns 11,829 shares of the company’s stock worth $494,000 after purchasing an additional 300 shares in the last quarter. Mariner LLC grew its holdings in shares of IonQ by 0.6% during the 4th quarter. Mariner LLC now owns 54,479 shares of the company’s stock worth $2,276,000 after purchasing an additional 350 shares in the last quarter. Allworth Financial LP grew its holdings in shares of IonQ by 15.2% during the 4th quarter. Allworth Financial LP now owns 2,753 shares of the company’s stock worth $116,000 after purchasing an additional 363 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of IonQ by 73.2% during the 4th quarter. GAMMA Investing LLC now owns 1,136 shares of the company’s stock worth $47,000 after purchasing an additional 480 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of IonQ by 421.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the company’s stock worth $27,000 after purchasing an additional 501 shares in the last quarter. 41.42% of the stock is 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.