Recent trades by Rima Alameddine:
- On October 18, sold 11,375 shares of IonQ at $13.72 each for $156,065.
- On October 14, sold 9,159 shares at $10.72 each for $98,184.48.
- On October 11, sold 716 shares at $10.72 each for $7,675.52.
IonQ Stock Rises 6.4%
IonQ (NYSE: IONQ) opened at $13.30 on Monday. It has a 50-day average of $8.29 and a 200-day average of $8.09. The stock’s 12-month range is $6.22 to $15.49, and its market cap is $2.81 billion.
On August 7, IonQ reported a loss of $0.18 per share, beating estimates of $0.22. Revenue was $11.38 million, significantly higher than the expected $8.66 million. Analysts predict a loss of $0.84 per share for the year.
Institutional Investors’ Changes
Recent changes by hedge funds include:
- Quest Partners increased holdings by 4,824.2%, owning 6,500 shares valued at $46,000.
- nVerses Capital and Redwood Wealth both acquired stakes valued around $72,000 and $67,000, respectively.
- 41.42% of IonQ stock is owned by institutional investors.
Analyst Opinions
Analyst ratings for IonQ include:
- Goldman Sachs lowered its target from $11.50 to $8.00.
- Craig Hallum reduced its target from $21.00 to $15.00 but maintains a “buy” rating.
- Benchmark dropped its target from $16.00 to $12.00 with a “buy” rating.
The stock carries a consensus rating of “Moderate Buy” with a target price of $12.00.
About IonQ
IonQ, Inc. develops quantum computing systems in the U.S. and sells access via platforms like AWS, Azure, and Google Cloud.
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