Insider Selling: IonQ, Inc. (NYSE:IONQ) CRO Sells $372,272.79 in Stock

IonQ, Inc. (NYSE:IONQGet Free Report) CRO Rima Alameddine sold 20,047 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $18.57, for a total transaction of $372,272.79. Following the completion of the sale, the executive now owns 572,568 shares in the company, valued at $10,632,587.76. This represents a 3.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Rima Alameddine also recently made the following trade(s):

  • On Thursday, March 6th, Rima Alameddine sold 1,407 shares of IonQ stock. The stock was sold at an average price of $21.20, for a total transaction of $29,828.40.

IonQ Stock Performance

Shares of NYSE IONQ opened at $25.16 on Friday. The company has a market cap of $5.61 billion, a P/E ratio of -31.06 and a beta of 2.50. The firm’s fifty day moving average is $34.02 and its two-hundred day moving average is $25.86. IonQ, Inc. has a 52-week low of $6.22 and a 52-week high of $54.74.

Institutional Trading of IonQ

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in IonQ by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 21,374,125 shares of the company’s stock valued at $892,797,000 after acquiring an additional 125,144 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of IonQ by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 4,466,094 shares of the company’s stock worth $186,593,000 after buying an additional 45,942 shares in the last quarter. State Street Corp grew its stake in shares of IonQ by 1.8% in the 3rd quarter. State Street Corp now owns 4,260,880 shares of the company’s stock worth $37,240,000 after buying an additional 75,596 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of IonQ by 1,310.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,468,160 shares of the company’s stock worth $103,095,000 after buying an additional 2,293,231 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of IonQ by 12.6% in the 4th quarter. Northern Trust Corp now owns 1,934,625 shares of the company’s stock worth $80,809,000 after buying an additional 216,752 shares in the last quarter. 41.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on IONQ. Craig Hallum increased their price target on shares of IonQ from $22.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Needham & Company LLC reiterated a “buy” rating and issued a $54.00 price target on shares of IonQ in a research report on Thursday, February 27th. DA Davidson upgraded shares of IonQ to a “strong-buy” rating in a research report on Thursday, February 20th. The Goldman Sachs Group increased their price target on shares of IonQ from $16.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Finally, Benchmark decreased their price target on shares of IonQ from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $44.80.

Read Our Latest Report on IonQ

About IonQ

(Get 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.

Featured Stories

Insider Buying and Selling by Quarter for IonQ (NYSE:IONQ)

Receive News & Ratings for IonQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IonQ and related companies with MarketBeat.com's FREE daily email newsletter.