Walleye Capital LLC reduced its stake in shares of IonQ, Inc. (NYSE:IONQ – Get Rating) by 42.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 29,546 shares of the company’s stock after selling 21,754 shares during the period. Walleye Capital LLC’s holdings in IonQ were worth $129,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Verity Asset Management Inc. increased its holdings in IonQ by 35.6% during the 1st quarter. Verity Asset Management Inc. now owns 17,395 shares of the company’s stock worth $222,000 after purchasing an additional 4,567 shares in the last quarter. Royal Bank of Canada increased its holdings in IonQ by 163.5% during the 1st quarter. Royal Bank of Canada now owns 9,092 shares of the company’s stock worth $115,000 after purchasing an additional 5,641 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in IonQ by 216.6% during the 1st quarter. Wolverine Asset Management LLC now owns 10,022 shares of the company’s stock worth $127,000 after purchasing an additional 6,856 shares in the last quarter. Aire Advisors LLC increased its holdings in IonQ by 17.6% during the 2nd quarter. Aire Advisors LLC now owns 50,000 shares of the company’s stock worth $219,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of IonQ by 58.8% in the second quarter. Oppenheimer & Co. Inc. now owns 27,785 shares of the company’s stock valued at $122,000 after acquiring an additional 10,285 shares in the last quarter. 62.32% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently issued reports on IONQ. The Goldman Sachs Group upped their target price on IonQ from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Tuesday, August 16th. Benchmark reduced their target price on IonQ from $12.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, November 16th.
Insider Buying and Selling at IonQ
IonQ Trading Up 0.2 %
Shares of NYSE IONQ opened at $4.92 on Monday. The stock has a fifty day simple moving average of $5.28 and a two-hundred day simple moving average of $5.40. IonQ, Inc. has a 1-year low of $4.16 and a 1-year high of $29.37. The firm has a market cap of $974.85 million, a price-to-earnings ratio of -9.11 and a beta of 1.66.
IonQ Company Profile
IonQ, Inc engages in the development of general-purpose quantum computing systems. It sells access to quantum computers with 20 qubits. 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.
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