Neuberger Berman Group LLC Invests $6.18 Million in IonQ, Inc. (NYSE:IONQ)

Neuberger Berman Group LLC acquired a new position in IonQ, Inc. (NYSE:IONQ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 147,958 shares of the company's stock, valued at approximately $6,180,000. Neuberger Berman Group LLC owned approximately 0.07% of IonQ at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. FMR LLC raised its position in shares of IonQ by 7.2% during the third quarter. FMR LLC now owns 612,625 shares of the company's stock worth $5,354,000 after purchasing an additional 41,125 shares during the period. HighTower Advisors LLC raised its holdings in IonQ by 29.3% during the third quarter. HighTower Advisors LLC now owns 18,938 shares of the company's stock worth $166,000 after buying an additional 4,288 shares during the last quarter. State Street Corp grew its holdings in shares of IonQ by 1.8% during the third quarter. State Street Corp now owns 4,260,880 shares of the company's stock valued at $37,240,000 after buying an additional 75,596 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of IonQ by 4.7% during the third quarter. Geode Capital Management LLC now owns 4,420,152 shares of the company's stock valued at $38,640,000 after buying an additional 199,360 shares during the last quarter. Finally, Arete Wealth Advisors LLC bought a new stake in shares of IonQ during the third quarter worth about $91,000. Institutional investors and hedge funds own 41.42% of the company's stock.

IonQ Stock Performance

IONQ stock traded up $0.06 during mid-day trading on Tuesday, hitting $25.41. The company had a trading volume of 8,599,442 shares, compared to its average volume of 15,719,610. The firm has a market cap of $5.66 billion, a PE ratio of -31.37 and a beta of 2.50. IonQ, Inc. has a 12 month low of $6.22 and a 12 month high of $54.74. The stock's fifty day moving average price is $26.95 and its two-hundred day moving average price is $28.47.

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Analyst Upgrades and Downgrades

A number of analysts have commented on IONQ shares. DA Davidson decreased their price objective on IonQ from $50.00 to $35.00 and set a "buy" rating for the company in a report on Monday. The Goldman Sachs Group upped their price target on IonQ from $16.00 to $30.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Craig Hallum raised their price objective on IonQ from $22.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Needham & Company LLC reiterated a "buy" rating and issued a $54.00 target price on shares of IonQ in a research note on Thursday, February 27th. Finally, Benchmark reissued a "buy" rating and set a $45.00 price target on shares of IonQ in a research report on Monday, March 31st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, IonQ has a consensus rating of "Moderate Buy" and a consensus target price of $41.80.

Insider Buying and Selling at IonQ

In related 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 sale, the executive now owns 592,615 shares of the company's stock, valued at approximately $12,563,438. This represents a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Thomas G. Kramer sold 11,712 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $18.57, for a total transaction of $217,491.84. Following the completion of the transaction, the chief financial officer now directly owns 944,510 shares in the company, valued at approximately $17,539,550.70. The trade was a 1.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,033,166 shares of company stock valued at $38,059,593. Company insiders own 11.60% of the company's stock.

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.