UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in IonQ, Inc. (NYSE:IONQ - Free Report) by 8.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 280,104 shares of the company's stock after selling 26,660 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of IonQ worth $2,448,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. Carnegie Investment Counsel purchased a new stake in shares of IonQ in the 3rd quarter valued at approximately $5,036,000. Yong Rong HK Asset Management Ltd acquired a new position in shares of IonQ in the 3rd quarter worth approximately $3,749,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of IonQ by 9.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,614,034 shares of the company's stock worth $14,107,000 after acquiring an additional 135,851 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of IonQ by 16.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 916,536 shares of the company's stock worth $6,443,000 after acquiring an additional 131,439 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in shares of IonQ in the 3rd quarter worth approximately $874,000. Institutional investors and hedge funds own 41.42% of the company's stock.
Insider Transactions at IonQ
In other IonQ news, CEO Peter Hume Chapman sold 13,106 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 in the company, valued at $12,319,011.99. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas G. Kramer sold 9,780 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $29.72, for a total transaction of $290,661.60. Following the transaction, the chief financial officer now directly owns 926,114 shares in the company, valued at approximately $27,524,108.08. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,223 shares of company stock worth $2,286,983 over the last ninety days. 11.60% of the stock is currently owned by corporate insiders.
IonQ Stock Up 12.8 %
Shares of NYSE IONQ traded up $3.84 during midday trading on Friday, hitting $33.83. The company had a trading volume of 24,677,315 shares, compared to its average volume of 9,928,242. IonQ, Inc. has a twelve month low of $6.22 and a twelve month high of $38.45. The business has a 50-day simple moving average of $22.61 and a two-hundred day simple moving average of $12.88. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of -41.77 and a beta of 2.49.
IonQ (NYSE:IONQ - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.02). The company had revenue of $12.40 million during the quarter, compared to analyst estimates of $10.56 million. IonQ had a negative net margin of 457.85% and a negative return on equity of 36.82%. The firm's revenue for the quarter was up 102.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.22) EPS. On average, equities analysts forecast that IonQ, Inc. will post -0.86 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on IONQ shares. Needham & Company LLC upped 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. Benchmark increased their target price on shares of IonQ from $12.00 to $22.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Craig Hallum increased their target price on shares of IonQ from $15.00 to $22.00 and gave the stock a "buy" rating in a report on Thursday, November 7th.
Read Our Latest Research Report on IONQ
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.
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