IonQ, Inc. $IONQ Shares Purchased by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC boosted its stake in IonQ, Inc. (NYSE:IONQ) by 11.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,825 shares of the company’s stock after buying an additional 1,246 shares during the period. Clear Creek Financial Management LLC’s holdings in IonQ were worth $508,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IONQ. ORG Partners LLC increased its holdings in shares of IonQ by 348.0% during the first quarter. ORG Partners LLC now owns 1,120 shares of the company’s stock valued at $26,000 after purchasing an additional 870 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of IonQ by 780.1% during the first quarter. Farther Finance Advisors LLC now owns 1,461 shares of the company’s stock valued at $34,000 after purchasing an additional 1,295 shares during the period. Close Asset Management Ltd acquired a new position in shares of IonQ during the first quarter valued at $35,000. SVB Wealth LLC acquired a new position in shares of IonQ during the first quarter valued at $35,000. Finally, Golden State Wealth Management LLC increased its holdings in shares of IonQ by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,616 shares of the company’s stock valued at $36,000 after purchasing an additional 808 shares during the period. 41.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IONQ. Weiss Ratings reissued a “sell (d-)” rating on shares of IonQ in a report on Wednesday. Oppenheimer began coverage on IonQ in a report on Wednesday, July 30th. They set an “outperform” rating on the stock. Sanford C. Bernstein began coverage on IonQ in a report on Wednesday, July 30th. They set a “market perform” rating on the stock. DA Davidson cut IonQ from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research note on Thursday, August 7th. Finally, Cantor Fitzgerald raised their target price on IonQ from $45.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, September 15th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $58.33.

Insider Transactions at IonQ

In related news, insider Paul T. Dacier sold 4,175 shares of IonQ stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $44.40, for a total value of $185,370.00. Following the transaction, the insider owned 114,454 shares of the company’s stock, valued at approximately $5,081,757.60. This trade represents a 3.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Masi Niccolo De sold 16,120 shares of IonQ stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $44.40, for a total value of $715,728.00. Following the completion of the transaction, the chief executive officer directly owned 1,181,186 shares in the company, valued at $52,444,658.40. This represents a 1.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 178,876 shares of company stock worth $7,930,390 in the last three months. Insiders own 5.20% of the company’s stock.

IonQ Stock Down 8.5%

Shares of IONQ stock opened at $70.88 on Friday. The stock has a 50-day simple moving average of $53.00 and a 200 day simple moving average of $41.47. IonQ, Inc. has a fifty-two week low of $9.62 and a fifty-two week high of $82.97. The stock has a market capitalization of $21.04 billion, a P/E ratio of -35.26 and a beta of 2.60.

IonQ (NYSE:IONQ) last announced its earnings results on Wednesday, August 6th. The company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.57). IonQ had a negative net margin of 885.21% and a negative return on equity of 67.11%. The firm had revenue of $20.69 million for the quarter, compared to the consensus estimate of $17.23 million. During the same period in the prior year, the business earned ($0.18) EPS. The company’s quarterly revenue was up 81.6% compared to the same quarter last year. On average, sell-side analysts anticipate that IonQ, Inc. will post -0.86 earnings per share for the current year.

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.