Perigon Wealth Management LLC Makes New $814,000 Investment in IonQ, Inc. $IONQ

Perigon Wealth Management LLC acquired a new stake in shares of IonQ, Inc. (NYSE:IONQ) during the 2nd quarter, HoldingsChannel reports. The fund acquired 15,287 shares of the company’s stock, valued at approximately $814,000.

Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of IonQ during the 2nd quarter worth about $20,818,000. Simplicity Wealth LLC acquired a new stake in IonQ in the 2nd quarter worth about $981,000. Wealth Effects LLC acquired a new stake in IonQ in the 2nd quarter worth about $351,000. N.E.W. Advisory Services LLC purchased a new stake in IonQ during the 2nd quarter worth approximately $42,000. Finally, Global Retirement Partners LLC acquired a new position in shares of IonQ during the second quarter valued at approximately $1,443,000. Institutional investors and hedge funds own 41.42% of the company’s stock.

IonQ Price Performance

Shares of IonQ stock opened at $44.12 on Wednesday. The stock’s 50 day simple moving average is $45.22 and its 200-day simple moving average is $43.15. The stock has a market cap of $16.81 billion, a P/E ratio of -9.47 and a beta of 3.28. IonQ, Inc. has a 1-year low of $25.89 and a 1-year high of $84.64.

IonQ (NYSE:IONQ) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.23. IonQ had a negative return on equity of 22.29% and a negative net margin of 553.27%.The firm had revenue of $80.05 million during the quarter, compared to analysts’ expectations of $66.47 million. During the same quarter last year, the firm earned ($0.70) earnings per share. The business’s revenue for the quarter was up 286.7% on a year-over-year basis. As a group, research analysts expect that IonQ, Inc. will post -2.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IONQ has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of IonQ in a research note on Friday, August 7th. JPMorgan Chase & Co. increased their price objective on IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Needham & Company LLC restated a “buy” rating and issued a $65.00 price objective on shares of IonQ in a report on Thursday, August 6th. Wedbush initiated coverage on shares of IonQ in a research note on Monday, August 3rd. They set an “outperform” rating and a $75.00 target price on the stock. Finally, Jefferies Financial Group set a $75.00 target price on shares of IonQ in a report on Thursday, August 6th. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.92.

Trending Headlines about IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Expanded Canadian access: IonQ and CMC Microsystems signed a memorandum of understanding to integrate IonQ’s commercial trapped-ion quantum systems into Canada’s FABrIC Quantum Computing Sandbox. The agreement is expected to give Canadian researchers and businesses cloud access to IonQ technology, potentially supporting customer adoption and future revenue. IonQ and CMC Microsystems Announce Collaboration to Expand Cloud Quantum Computing Access in Canada
• Positive Sentiment: Networking and security initiatives: Alliances with Sandia National Laboratories and EPB are broadening IonQ’s focus beyond quantum computing hardware into utility-scale systems, quantum communications and security-related applications. The EPB collaboration includes work at the Tennessee Quantum Communications Research Center and a commercial quantum-memory deployment. Why Is IonQ Pushing Deeper Into Quantum Networking And Security?
• Positive Sentiment: Improving operating momentum: IonQ’s second-quarter results featured substantially higher revenue and a raised 2026 outlook. Coverage also characterized IonQ as one of the stronger performers among smaller quantum-computing companies, which supports the investment case relative to some rivals. Two Quantum Computing Stocks Are Starting to Pull Ahead of the Pack
• Neutral Sentiment: Wide valuation range: Analyst commentary presents an $82 bullish scenario and a $26 bearish scenario, highlighting the uncertainty around IonQ’s commercialization pace, competitive position and long-term financial performance. IonQ Stock Prediction: $82 Bull Case vs $26 Bear Case
• Negative Sentiment: Profit-taking and valuation concerns: IonQ’s stock had risen about 16% since its second-quarter earnings release, prompting debate over whether investors should lock in gains. Despite strong revenue growth, the company remains unprofitable, so a premium valuation leaves the shares vulnerable to pullbacks if execution or growth expectations weaken. IonQ Stock Up 16% Since Q2 Earnings: Should You Buy or Book Profits?

Insider Buying and Selling at IonQ

In other IonQ news, insider John W. Raymond sold 3,815 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.01, for a total value of $209,863.15. Following the completion of the sale, the insider directly owned 80,148 shares of the company’s stock, valued at $4,408,941.48. This trade represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathryn K. Chou sold 2,757 shares of IonQ stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.02, for a total value of $151,690.14. Following the transaction, the director owned 62,608 shares in the company, valued at approximately $3,444,692.16. This represents a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,329 shares of company stock worth $513,216 in the last three months. 0.55% of the stock is owned by corporate insiders.

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. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.