Carnegie Investment Counsel Raises Holdings in IonQ, Inc. $IONQ

Carnegie Investment Counsel increased its holdings in IonQ, Inc. (NYSE:IONQ) by 11.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 298,959 shares of the company’s stock after acquiring an additional 30,255 shares during the period. Carnegie Investment Counsel owned approximately 0.09% of IonQ worth $13,414,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new position in IonQ during the fourth quarter worth $545,000. V Square Quantitative Management LLC acquired a new position in IonQ during the fourth quarter worth $226,000. Westfuller Advisors LLC lifted its stake in IonQ by 4,181.2% during the fourth quarter. Westfuller Advisors LLC now owns 5,009 shares of the company’s stock worth $225,000 after purchasing an additional 4,892 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its stake in IonQ by 14.0% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 11,675 shares of the company’s stock worth $524,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Yousif Capital Management LLC acquired a new position in IonQ during the fourth quarter worth $193,000. 41.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on IONQ shares. Morgan Stanley set a $37.00 price target on IonQ in a research note on Thursday, February 26th. Needham & Company LLC decreased their price target on IonQ from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Wall Street Zen cut IonQ from a “hold” rating to a “sell” rating in a research note on Saturday. Wedbush started coverage on IonQ in a research note on Wednesday, December 17th. They set an “outperform” rating and a $60.00 price target on the stock. Finally, Benchmark decreased their price target on IonQ from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.45.

IonQ Trading Up 2.5%

Shares of NYSE IONQ opened at $28.78 on Friday. The stock has a market cap of $10.55 billion, a P/E ratio of -11.56 and a beta of 2.80. IonQ, Inc. has a 12-month low of $23.49 and a 12-month high of $84.64. The business’s fifty day simple moving average is $32.95 and its 200-day simple moving average is $47.21.

Insider Activity

In other news, insider John W. Raymond sold 2,800 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $33.34, for a total value of $93,352.00. Following the sale, the insider directly owned 83,963 shares in the company, valued at approximately $2,799,326.42. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J. Teuber, Jr. acquired 3,000 shares of IonQ stock in a transaction dated Friday, February 27th. The stock was bought at an average price of $38.38 per share, for a total transaction of $115,140.00. Following the completion of the purchase, the director owned 9,413 shares of the company’s stock, valued at approximately $361,270.94. This represents a 46.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 8,581 shares of company stock worth $316,156. Corporate insiders own 5.20% of the company’s stock.

IonQ News Summary

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Won a strategic deal and an order for one of its first 6th‑generation, chip‑based 256‑qubit trapped‑ion systems from Horizon Quantum, demonstrating real customer demand for IonQ hardware. Horizon Quantum and IonQ Enter into Strategic Agreement to Unlock Quantum Potential
• Positive Sentiment: Maryland awarded $20M toward IonQ’s new headquarters, reducing capex/headquarters financing risk and signaling state-level support. Maryland awards $20M for IonQ’s new headquarters
• Positive Sentiment: Appointed Bill Dunlap (former Dow IT leader) as SVP of Global Architecture, strengthening leadership for scaling enterprise deployments. IonQ Appoints Former DOW IT Leader Bill Dunlap as SVP of Global Architecture
• Positive Sentiment: Analysts highlight operational momentum — IonQ has surpassed $100M in annual revenue and emphasizes networking, photonic interconnects and quantum memory as differentiation for future scalable systems. IonQ: Staying Bullish In Choppy Waters
• Neutral Sentiment: Included in a Motley Fool roundup of top quantum‑computing stocks, which can help visibility to retail investors but is not a direct operational catalyst. The Best Quantum Computing Stocks to Buy Today
• Neutral Sentiment: Independent valuation pieces note the Horizon order and product traction but also highlight recent share volatility; useful context for investors assessing timing and valuation. IonQ (IONQ) Valuation Check After Horizon Quantum Deal And Recent Share Price Volatility
• Negative Sentiment: Warrant (IONQ.WS) price target was cut ~11%, a sign that some analysts see downside risk in the security tied to IonQ’s equity. IonQ, Inc. – Equity Warrant (IONQ.WS) price target decreased by 11.29% to 41.83
• Negative Sentiment: Valuation remains a concern: investors face a high forward‑revenue multiple (~34x) and ongoing EBITDA losses, which increase sensitivity to execution risk and growth misses. IonQ: Staying Bullish In Choppy Waters

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. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.