Rockefeller Capital Management L.P. Raises Holdings in IonQ, Inc. $IONQ

Rockefeller Capital Management L.P. increased its stake in shares of IonQ, Inc. (NYSE:IONQ) by 257.1% in the 4th quarter, HoldingsChannel reports. The firm owned 511,178 shares of the company’s stock after buying an additional 368,045 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in IonQ were worth $22,937,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ameriflex Group Inc. grew its holdings in IonQ by 485.7% during the 3rd quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock valued at $25,000 after buying an additional 340 shares during the last quarter. Beaird Harris Wealth Management LLC increased its position in IonQ by 117.4% during the third quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock worth $31,000 after buying an additional 270 shares in the last quarter. Accent Capital Management LLC raised its holdings in shares of IonQ by 171.8% in the fourth quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock worth $26,000 after acquiring an additional 371 shares during the last quarter. Kelleher Financial Advisors acquired a new position in shares of IonQ in the third quarter worth $36,000. Finally, Fortitude Family Office LLC lifted its position in shares of IonQ by 3,800.0% in the fourth quarter. Fortitude Family Office LLC now owns 624 shares of the company’s stock valued at $28,000 after acquiring an additional 608 shares in the last quarter. Hedge funds and other institutional investors own 41.42% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kathryn K. Chou sold 2,757 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.02, for a total transaction of $151,690.14. Following the completion of the transaction, the director owned 62,608 shares of the company’s stock, valued at $3,444,692.16. This represents a 4.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert T. Cardillo sold 3,773 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $49.90, for a total transaction of $188,272.70. Following the transaction, the insider owned 139,967 shares in the company, valued at approximately $6,984,353.30. The trade was a 2.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 10,345 shares of company stock valued at $549,826. Insiders own 0.55% of the company’s stock.

IonQ Stock Up 3.2%

Shares of IonQ stock opened at $58.36 on Tuesday. IonQ, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $84.64. The business’s fifty day moving average is $53.61 and its two-hundred day moving average is $45.04. The firm has a market cap of $21.79 billion, a PE ratio of -208.44 and a beta of 3.18.

IonQ (NYSE:IONQ) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.08). The business had revenue of $64.67 million during the quarter, compared to analysts’ expectations of $49.75 million. IonQ had a net margin of 174.88% and a negative return on equity of 23.20%. IonQ’s revenue for the quarter was up 754.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.14) EPS. Equities research analysts anticipate that IonQ, Inc. will post -2.26 EPS for the current year.

Trending Headlines about IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Northland Securities raised its price target on IonQ from $55 to $70 and reiterated an outperform rating, signaling renewed analyst confidence in the stock’s upside. Benzinga source
• Positive Sentiment: Investor sentiment is being supported by IonQ’s recent product momentum, including its new Clavis XG Multiplex quantum security offering and the company’s broader growth narrative around networking, sensing, and security. Quiver Quantitative source
• Positive Sentiment: The Wall Street Journal reported that the Trump administration is preparing executive orders to speed up quantum-computing development and address related security risks, which could lift the entire quantum sector, including IonQ. WSJ source
• Positive Sentiment: IonQ also announced a leadership addition, with the former CEO of Quantum Industry Canada joining the company, suggesting continued expansion of its industry relationships and talent base. BetaKit source
• Neutral Sentiment: Shareholders approved the board, though the pay vote showed some pushback, making the governance update mixed rather than clearly positive or negative. TipRanks source
• Negative Sentiment: Some market commentary says quantum stocks, including IonQ, remain vulnerable to macro pressure, rich valuations, and higher rates, which could limit near-term gains despite long-term promise. Yahoo Finance source
• Negative Sentiment: Additional analyst coverage from Zacks also framed IonQ as a sell candidate on valuation concerns, reinforcing caution around the stock’s current multiple. Zacks source

Wall Street Analyst Weigh In

A number of analysts recently commented on IONQ shares. DA Davidson decreased their price objective on IonQ from $55.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Benchmark cut their target price on shares of IonQ from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. JPMorgan Chase & Co. upped their target price on shares of IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of IonQ from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, Wedbush reiterated an “outperform” rating and set a $60.00 price target on shares of IonQ in a report on Monday, May 4th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, IonQ presently has an average rating of “Moderate Buy” and a consensus target price of $69.88.

IonQ Company 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.