IonQ, Inc. (NYSE:IONQ) Insider Peter Hume Chapman Sells 2,000,000 Shares

IonQ, Inc. (NYSE:IONQ) insider Peter Hume Chapman sold 2,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $18.72, for a total transaction of $37,440,000.00. Following the transaction, the insider now directly owns 414,363 shares of the company’s stock, valued at $7,756,875.36. This trade represents a 82.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Peter Hume Chapman also recently made the following trade(s):

• On Wednesday, December 11th, Peter Hume Chapman sold 13,106 shares of IonQ stock. The stock was sold at an average price of $29.73, for a total transaction of $389,641.38.

IonQ Trading Up 2.2 %

IONQ opened at $18.68 on Wednesday. The company has a fifty day simple moving average of $35.31 and a 200 day simple moving average of $25.67. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of -23.06 and a beta of 2.50. IonQ, Inc. has a twelve month low of $6.22 and a twelve month high of $54.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price objective 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. DA Davidson raised shares of IonQ to a “strong-buy” rating in a research report on Thursday, February 20th. Craig Hallum increased their price objective 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 reissued a “buy” rating and issued a $54.00 price objective on shares of IonQ in a research report on Thursday, February 27th. Finally, Benchmark dropped their price objective on shares of IonQ from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $44.80.

Institutional Investors Weigh In On IonQ

A number of large investors have recently added to or reduced their stakes in IONQ. Creative Planning boosted its stake in IonQ by 47.8% during the 3rd quarter. Creative Planning now owns 24,364 shares of the company’s stock valued at $213,000 after acquiring an additional 7,878 shares during the last quarter. LMR Partners LLP acquired a new position in IonQ during the 3rd quarter worth $874,000. Prospera Financial Services Inc grew its holdings in IonQ by 196.1% during the 3rd quarter. Prospera Financial Services Inc now owns 38,508 shares of the company’s stock worth $337,000 after acquiring an additional 25,502 shares in the last quarter. Moors & Cabot Inc. acquired a new position in IonQ during the 3rd quarter worth $92,000. Finally, Intech Investment Management LLC acquired a new position in IonQ during the 3rd quarter worth $381,000. 41.42% of the stock is owned by institutional investors and hedge funds.

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.