SG Americas Securities LLC Buys Shares of 122,716 IonQ, Inc. (NYSE:IONQ)

SG Americas Securities LLC bought a new stake in shares of IonQ, Inc. (NYSE:IONQ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 122,716 shares of the company’s stock, valued at approximately $1,520,000. SG Americas Securities LLC owned approximately 0.06% of IonQ at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of IONQ. Quantbot Technologies LP bought a new stake in IonQ during the 2nd quarter valued at $28,000. Huntington National Bank boosted its position in IonQ by 250,000.0% during the 2nd quarter. Huntington National Bank now owns 2,501 shares of the company’s stock valued at $34,000 after acquiring an additional 2,500 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in IonQ during the 4th quarter valued at $37,000. C M Bidwell & Associates Ltd. bought a new stake in IonQ during the 2nd quarter valued at $38,000. Finally, Harbour Investments Inc. boosted its position in shares of IonQ by 193.2% in the 2nd quarter. Harbour Investments Inc. now owns 2,932 shares of the company’s stock worth $40,000 after purchasing an additional 1,932 shares in the last quarter. Institutional investors own 41.42% of the company’s stock.

IonQ Stock Performance

Shares of IONQ opened at $9.99 on Friday. The stock has a 50-day moving average of $10.44 and a two-hundred day moving average of $12.25. IonQ, Inc. has a one year low of $4.80 and a one year high of $21.60. The stock has a market cap of $2.08 billion, a P/E ratio of -12.81 and a beta of 2.16.

IonQ (NYSE:IONQ) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.03. IonQ had a negative return on equity of 28.27% and a negative net margin of 715.77%. The company had revenue of $6.11 million during the quarter, compared to analysts’ expectations of $5.70 million. Analysts predict that IonQ, Inc. will post -1.24 EPS for the current fiscal year.

Insider Buying and Selling at IonQ

In other IonQ news, CTO Jungsang Kim sold 10,220 shares of IonQ stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.20, for a total transaction of $104,244.00. Following the completion of the transaction, the chief technology officer now owns 6,619,941 shares in the company, valued at approximately $67,523,398.20. The transaction 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 29,452 shares of IonQ stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.20, for a total transaction of $300,410.40. Following the completion of the transaction, the chief executive officer now owns 451,233 shares in the company, valued at approximately $4,602,576.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jungsang Kim sold 10,220 shares of IonQ stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $10.20, for a total value of $104,244.00. Following the completion of the transaction, the chief technology officer now owns 6,619,941 shares of the company’s stock, valued at approximately $67,523,398.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,556 shares of company stock worth $882,871. Insiders own 13.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price objective on IonQ from $13.00 to $11.50 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of IonQ in a research report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, IonQ presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

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.