Walleye Capital LLC Lowers Stock Holdings in IonQ, Inc. (NYSE:IONQ)

Walleye Capital LLC decreased its position in shares of IonQ, Inc. (NYSE:IONQGet Rating) by 42.4% during the second quarter, HoldingsChannel reports. The firm owned 29,546 shares of the company’s stock after selling 21,754 shares during the period. Walleye Capital LLC’s holdings in IonQ were worth $129,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IONQ. Aire Advisors LLC grew its stake in shares of IonQ by 17.6% during the second quarter. Aire Advisors LLC now owns 50,000 shares of the company’s stock valued at $219,000 after buying an additional 7,500 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of IonQ by 58.8% during the second quarter. Oppenheimer & Co. Inc. now owns 27,785 shares of the company’s stock valued at $122,000 after buying an additional 10,285 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of IonQ during the second quarter valued at about $73,000. Carnegie Capital Asset Management LLC grew its stake in shares of IonQ by 32.0% during the second quarter. Carnegie Capital Asset Management LLC now owns 541,300 shares of the company’s stock valued at $2,371,000 after buying an additional 131,100 shares during the last quarter. Finally, ProShare Advisors LLC bought a new position in shares of IonQ during the second quarter valued at about $59,000. Hedge funds and other institutional investors own 62.32% of the company’s stock.

Insider Buying and Selling

In other IonQ news, General Counsel Laurie A. Babinski sold 5,086 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $5.44, for a total value of $27,667.84. Following the completion of the sale, the general counsel now directly owns 244,002 shares in the company, valued at $1,327,370.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other IonQ news, CEO Peter Hume Chapman sold 7,255 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $5.44, for a total value of $39,467.20. Following the completion of the sale, the chief executive officer now directly owns 466,066 shares in the company, valued at $2,535,399.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Laurie A. Babinski sold 5,086 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $5.44, for a total transaction of $27,667.84. Following the completion of the sale, the general counsel now owns 244,002 shares of the company’s stock, valued at $1,327,370.88. The disclosure for this sale can be found here. Insiders have sold 19,819 shares of company stock valued at $107,815 over the last ninety days. 14.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

IONQ has been the topic of several recent analyst reports. Benchmark cut their target price on IonQ from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, November 16th. The Goldman Sachs Group raised their target price on IonQ from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 16th.

IonQ Price Performance

NYSE IONQ opened at $4.92 on Monday. The stock has a market capitalization of $974.85 million, a PE ratio of -9.11 and a beta of 1.66. IonQ, Inc. has a 1 year low of $4.16 and a 1 year high of $29.37. The business’s 50-day moving average is $5.28 and its 200 day moving average is $5.40.

IonQ Company Profile

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IonQ, Inc engages in the development of general-purpose quantum computing systems. It sells access to quantum computers with 20 qubits. 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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Institutional Ownership by Quarter for IonQ (NYSE:IONQ)

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