IonQ, Inc. (NYSE:IONQ) Stock Holdings Lifted by Lindbrook Capital LLC

Lindbrook Capital LLC raised its stake in IonQ, Inc. (NYSE:IONQ) by 1,162.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 934 shares of the company’s stock after buying an additional 860 shares during the period. Lindbrook Capital LLC’s holdings in IonQ were worth $39,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Pathway Financial Advisers LLC purchased a new position in IonQ during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC grew its position in IonQ by 421.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the company’s stock worth $27,000 after purchasing an additional 501 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in IonQ during the 4th quarter worth approximately $34,000. City State Bank purchased a new position in IonQ during the 4th quarter worth approximately $36,000. Finally, Hemington Wealth Management purchased a new position in IonQ during the 4th quarter worth approximately $37,000. Institutional investors own 41.42% of the company’s stock.

Analyst Ratings Changes

IONQ has been the topic of several research analyst reports. Benchmark lowered their price objective on shares of IonQ from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. DA Davidson upgraded shares of IonQ to a “strong-buy” rating in a research report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and set a $54.00 price objective on shares of IonQ in a research report on Thursday, February 27th. The Goldman Sachs Group lifted 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. Finally, Craig Hallum boosted their price target on shares of IonQ from $22.00 to $45.00 and gave the company a “buy” rating in a report on Friday, December 20th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $44.80.

IonQ Trading Up 1.0 %

Shares of NYSE:IONQ opened at $20.69 on Friday. The stock has a market capitalization of $4.48 billion, a PE ratio of -25.55 and a beta of 2.50. IonQ, Inc. has a 1 year low of $6.22 and a 1 year high of $54.74. The firm has a fifty day moving average price of $36.29 and a 200 day moving average price of $25.39.

Insiders Place Their Bets

In other IonQ news, CRO Rima Alameddine sold 21,337 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $29.73, for a total transaction of $634,349.01. Following the completion of the transaction, the executive now owns 571,321 shares of the company’s stock, valued at $16,985,373.33. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas G. Kramer sold 9,780 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $29.72, for a total transaction of $290,661.60. Following the transaction, the chief financial officer now directly owns 926,114 shares of the company’s stock, valued at approximately $27,524,108.08. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,223 shares of company stock valued at $1,314,652 in the last quarter. Insiders own 11.60% of the company’s stock.

About IonQ

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.