IonQ, Inc. (NYSE:IONQ) CRO Rima Alameddine Sells 1,407 Shares

IonQ, Inc. (NYSE:IONQ) CRO Rima Alameddine sold 1,407 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $21.20, for a total value of $29,828.40. Following the transaction, the executive now directly owns 592,615 shares of the company’s stock, valued at approximately $12,563,438. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Rima Alameddine also recently made the following trade(s):

• On Wednesday, December 11th, Rima Alameddine sold 21,337 shares of IonQ stock. The shares were sold at an average price of $29.73, for a total value of $634,349.01.

IonQ Stock Down 11.1 %

IONQ traded down $2.29 on Monday, hitting $18.27. The company had a trading volume of 15,449,637 shares, compared to its average volume of 13,928,148. The company has a market cap of $4.07 billion, a PE ratio of -22.55 and a beta of 2.50. IonQ, Inc. has a 12-month low of $6.22 and a 12-month high of $54.74. The business’s fifty day simple moving average is $35.77 and its 200 day simple moving average is $25.59.

Analyst Ratings Changes

A number of equities analysts recently commented on IONQ shares. Benchmark dropped their price target on IonQ from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group increased their price target on IonQ from $16.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Craig Hallum lifted their price target on IonQ from $22.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. DA Davidson upgraded IonQ to a “strong-buy” rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $54.00 price target on shares of IonQ in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, IonQ presently has a consensus rating of “Buy” and an average target price of $44.80.

Hedge Funds Weigh In On IonQ

Several hedge funds have recently added to or reduced their stakes in IONQ. Pathway Financial Advisers LLC bought a new position in IonQ during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC grew its holdings in IonQ by 421.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the company’s stock valued at $27,000 after purchasing an additional 501 shares during the last quarter. Measured Risk Portfolios Inc. bought a new position in IonQ during the 4th quarter valued at about $27,000. TD Waterhouse Canada Inc. bought a new position in IonQ during the 4th quarter valued at about $33,000. Finally, Golden State Wealth Management LLC bought a new position in IonQ during the 4th quarter valued at about $34,000. 41.42% of the stock is currently owned by institutional investors.

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.