Raymond James Financial Services Advisors Inc. Has $282,000 Stock Holdings in IonQ, Inc. (NYSE:IONQ)

Raymond James Financial Services Advisors Inc. increased its stake in shares of IonQ, Inc. (NYSE:IONQ) by 6.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 22,736 shares of the company’s stock after buying an additional 1,459 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in IonQ were worth $282,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. FNY Investment Advisers LLC grew its holdings in IonQ by 28.0% during the 4th quarter. FNY Investment Advisers LLC now owns 4,532 shares of the company’s stock worth $56,000 after acquiring an additional 990 shares during the last quarter. Nisa Investment Advisors LLC increased its position in 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 acquiring an additional 1,000 shares during the period. C M Bidwell & Associates Ltd. increased its position in IonQ by 61.2% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 4,542 shares of the company’s stock valued at $68,000 after acquiring an additional 1,724 shares during the period. National Bank of Canada FI increased its position in IonQ by 806.4% in the 3rd quarter. National Bank of Canada FI now owns 6,345 shares of the company’s stock valued at $93,000 after acquiring an additional 5,645 shares during the period. Finally, Daymark Wealth Partners LLC acquired a new position in IonQ in the 4th quarter valued at approximately $149,000. 41.42% of the stock is currently owned by institutional investors and hedge funds.

IonQ Stock Up 5.8 %

IONQ opened at $7.50 on Tuesday. IonQ, Inc. has a twelve month low of $5.29 and a twelve month high of $21.60. The company has a fifty day moving average of $9.57 and a 200-day moving average of $11.33. The stock has a market cap of $1.56 billion, a PE ratio of -9.62 and a beta of 2.14.

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

Analyst Ratings Changes

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

Insider Transactions at IonQ

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

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.