Nebula Research & Development LLC Takes Position in IonQ, Inc. (NYSE:IONQ)

Nebula Research & Development LLC acquired a new position in IonQ, Inc. (NYSE:IONQ) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 27,005 shares of the company’s stock, valued at approximately $1,128,000.

Other hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC acquired a new stake in shares of IonQ in the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its holdings in IonQ by 421.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the company’s stock worth $27,000 after buying an additional 501 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in IonQ in the 4th quarter valued at approximately $33,000. Golden State Wealth Management LLC bought a new stake in IonQ during the 4th quarter valued at $34,000. Finally, City State Bank acquired a new position in IonQ during the 4th quarter worth $36,000. 41.42% of the stock is currently owned by institutional investors.

IonQ Trading Up 1.9 %

Shares of NYSE IONQ opened at $28.93 on Friday. IonQ, Inc. has a twelve month low of $6.22 and a twelve month high of $54.74. The firm has a 50-day moving average of $24.73 and a two-hundred day moving average of $29.40. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of -35.72 and a beta of 2.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. DA Davidson cut their price objective on shares of IonQ from $50.00 to $35.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Needham & Company LLC restated a “buy” rating and set a $54.00 price target on shares of IonQ in a research report on Thursday, February 27th. The Goldman Sachs Group increased their price objective on shares of IonQ from $16.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Finally, Benchmark dropped their target price on IonQ from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $40.80.

Insider Activity at IonQ

In other IonQ news, CRO Rima Alameddine sold 20,047 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $18.57, for a total transaction of $372,272.79. Following the sale, the executive now owns 572,568 shares in the company, valued at approximately $10,632,587.76. The trade was a 3.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas G. Kramer sold 11,712 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $18.57, for a total transaction of $217,491.84. Following the sale, the chief financial officer now directly owns 944,510 shares of the company’s stock, valued at $17,539,550.70. This represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,033,166 shares of company stock valued at $38,059,593 over the last ninety days. Insiders own 11.60% of the company’s stock.

IonQ 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.