IonQ, Inc. (NYSE:IONQ) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its holdings in IonQ, Inc. (NYSE:IONQ - Free Report) by 82.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,993 shares of the company's stock after selling 28,067 shares during the period. American Century Companies Inc.'s holdings in IonQ were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. PDS Planning Inc lifted its holdings in IonQ by 2.6% during the 4th quarter. PDS Planning Inc now owns 11,829 shares of the company's stock valued at $494,000 after buying an additional 300 shares in the last quarter. Allworth Financial LP raised its stake in shares of IonQ by 15.2% during the fourth quarter. Allworth Financial LP now owns 2,753 shares of the company's stock valued at $116,000 after acquiring an additional 363 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of IonQ by 73.2% in the fourth quarter. GAMMA Investing LLC now owns 1,136 shares of the company's stock valued at $47,000 after purchasing an additional 480 shares during the period. Smartleaf Asset Management LLC grew its stake in IonQ by 421.0% in the fourth 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. Finally, Pathway Financial Advisers LLC purchased a new position in IonQ during the 4th quarter worth $26,000. 41.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IONQ has been the subject of several research reports. Needham & Company LLC reiterated a "buy" rating and issued a $54.00 target price on shares of IonQ in a report on Thursday, February 27th. The Goldman Sachs Group raised their target price on shares of IonQ from $16.00 to $30.00 and gave the company a "neutral" rating in a research report on Friday, January 10th. Benchmark reaffirmed a "buy" rating and issued a $45.00 price target on shares of IonQ in a research report on Monday, March 31st. Craig Hallum lifted their price objective on shares of IonQ from $22.00 to $45.00 and gave the company a "buy" rating in a report on Friday, December 20th. Finally, DA Davidson lowered their target price on IonQ from $50.00 to $35.00 and set a "buy" rating for the company in a report on Monday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $41.80.

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IonQ Stock Up 0.2 %

Shares of NYSE IONQ traded up $0.06 during trading hours on Tuesday, hitting $25.41. 9,633,080 shares of the stock were exchanged, compared to its average volume of 15,720,060. IonQ, Inc. has a 12 month low of $6.22 and a 12 month high of $54.74. The firm has a fifty day moving average price of $26.95 and a 200-day moving average price of $28.47. The company has a market cap of $5.66 billion, a PE ratio of -31.37 and a beta of 2.50.

Insiders Place Their Bets

In other IonQ news, CRO Rima Alameddine sold 1,407 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $21.20, for a total transaction of $29,828.40. Following the transaction, the executive now owns 592,615 shares in the company, valued at approximately $12,563,438. This represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William F. Scannell acquired 93,066 shares of the stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $21.81 per share, with a total value of $2,029,769.46. Following the completion of the purchase, the director now directly owns 135,047 shares of the company's stock, valued at approximately $2,945,375.07. This trade represents a 221.69 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 2,033,166 shares of company stock valued at $38,059,593. 11.60% of the stock is currently owned by insiders.

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.