Capital Advisors Inc. OK acquired a new stake in shares of IonQ, Inc. (NYSE:IONQ - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 454,304 shares of the company's stock, valued at approximately $18,976,000. Capital Advisors Inc. OK owned 0.21% of IonQ as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the company. UNICOM Systems Inc. bought a new stake in shares of IonQ in the fourth quarter worth $18,106,000. Essex Financial Services Inc. increased its stake in shares of IonQ by 68.0% in the fourth quarter. Essex Financial Services Inc. now owns 18,709 shares of the company's stock worth $781,000 after buying an additional 7,571 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in shares of IonQ in the fourth quarter worth $92,000. Newbridge Financial Services Group Inc. bought a new stake in shares of IonQ in the fourth quarter worth $94,000. Finally, Stephens Inc. AR bought a new stake in shares of IonQ in the fourth quarter worth $936,000. Hedge funds and other institutional investors own 41.42% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of IonQ from $16.00 to $30.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Benchmark lifted their price objective on shares of IonQ from $12.00 to $22.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Needham & Company LLC lifted their price objective on shares of IonQ from $13.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Craig Hallum lifted their price objective on shares of IonQ from $22.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Finally, DA Davidson assumed coverage on shares of IonQ in a report on Thursday, December 19th. They issued a "buy" rating and a $50.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, IonQ currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.
Check Out Our Latest Research Report on IONQ
Insider Buying and Selling
In related news, CRO Rima Alameddine sold 21,337 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $29.73, for a total value of $634,349.01. Following the completion of the sale, the executive now owns 571,321 shares of the company's stock, valued at $16,985,373.33. This represents a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Peter Hume Chapman sold 13,106 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $29.73, for a total transaction of $389,641.38. Following the completion of the sale, the chief executive officer now directly owns 414,363 shares of the company's stock, valued at $12,319,011.99. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,223 shares of company stock valued at $1,314,652 over the last 90 days. 11.60% of the stock is currently owned by company insiders.
IonQ Stock Performance
Shares of IONQ traded down $1.18 during midday trading on Friday, hitting $37.47. 8,150,097 shares of the stock traded hands, compared to its average volume of 27,816,476. IonQ, Inc. has a 1-year low of $6.22 and a 1-year high of $54.74. The firm has a market capitalization of $8.11 billion, a PE ratio of -46.26 and a beta of 2.40. The business's 50 day moving average price is $39.69 and its two-hundred day moving average price is $23.10.
About IonQ
(
Free Report)
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.
Recommended Stories
Before you consider IonQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IonQ wasn't on the list.
While IonQ currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
