IonQ, Inc. (NYSE:IONQ) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in IonQ, Inc. (NYSE:IONQ) by 23.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 244,808 shares of the company’s stock after acquiring an additional 46,680 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in IonQ were worth $3,033,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC boosted its stake in IonQ by 28.0% during the fourth quarter. FNY Investment Advisers LLC now owns 4,532 shares of the company’s stock worth $56,000 after buying an additional 990 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of IonQ by 32.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,038 shares of the company’s stock valued at $60,000 after purchasing an additional 1,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of IonQ by 6.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 22,736 shares of the company’s stock valued at $282,000 after purchasing an additional 1,459 shares during the last quarter. Strs Ohio lifted its stake in shares of IonQ by 17.0% in the 3rd quarter. Strs Ohio now owns 10,300 shares of the company’s stock valued at $153,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of IonQ by 5.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 28,002 shares of the company’s stock valued at $417,000 after purchasing an additional 1,554 shares during the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.

IonQ Trading Down 3.2 %

IONQ stock opened at $7.28 on Thursday. The company has a market capitalization of $1.52 billion, a PE ratio of -9.33 and a beta of 2.14. IonQ, Inc. has a 12-month low of $5.29 and a 12-month high of $21.60. The business’s fifty day moving average price is $9.81 and its 200 day moving average price is $11.50.

IonQ (NYSE:IONQ) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.03. The firm had revenue of $6.11 million for the quarter, compared to the consensus estimate of $5.70 million. IonQ had a negative return on equity of 28.27% and a negative net margin of 715.77%. Research analysts predict that IonQ, Inc. will post -1.24 EPS for the current fiscal year.

Insider Activity at IonQ

In related news, CEO Peter Hume Chapman sold 29,452 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $10.20, for a total value of $300,410.40. Following the sale, the chief executive officer now owns 451,233 shares in the company, valued at approximately $4,602,576.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other IonQ news, CEO Peter Hume Chapman sold 29,452 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.20, for a total transaction of $300,410.40. Following the sale, the chief executive officer now owns 451,233 shares in the company, valued at approximately $4,602,576.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Jungsang Kim sold 10,220 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.20, for a total value of $104,244.00. Following the sale, the chief technology officer now owns 6,619,941 shares in the company, valued at approximately $67,523,398.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,556 shares of company stock worth $882,871. 13.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. The Goldman Sachs Group decreased their price target on IonQ from $13.00 to $11.50 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of IonQ in a research note on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, IonQ has an average rating of “Moderate Buy” and an average price target of $16.50.

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.