2,240 Shares in IonQ, Inc. (NYSE:IONQ) Acquired by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. acquired a new stake in IonQ, Inc. (NYSE:IONQ) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 2,240 shares of the company’s stock, valued at approximately $94,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in IonQ by 9.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,614,034 shares of the company’s stock worth $14,107,000 after purchasing an additional 135,851 shares during the last quarter. Carnegie Investment Counsel bought a new stake in IonQ during the 3rd quarter worth about $5,036,000. Yong Rong HK Asset Management Ltd acquired a new position in IonQ during the 3rd quarter valued at about $3,749,000. Rockefeller Capital Management L.P. boosted its stake in shares of IonQ by 34.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 437,596 shares of the company’s stock valued at $3,825,000 after purchasing an additional 111,435 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of IonQ during the 3rd quarter worth approximately $1,631,000. Institutional investors and hedge funds own 41.42% of the company’s stock.

Insider Buying and Selling

In other news, CRO Rima Alameddine sold 21,337 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $29.73, for a total value of $634,349.01. Following the sale, the executive now owns 571,321 shares of the company’s stock, valued at $16,985,373.33. The trade was a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Thomas G. Kramer sold 9,780 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $29.72, for a total transaction of $290,661.60. Following the completion of the transaction, the chief financial officer now directly owns 926,114 shares of the company’s stock, valued at approximately $27,524,108.08. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,223 shares of company stock worth $1,314,652. 11.60% of the stock is owned by corporate insiders.

IonQ Stock Up 1.2 %

Shares of NYSE:IONQ opened at $41.08 on Tuesday. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of -50.71 and a beta of 2.40. The company’s fifty day simple moving average is $39.28 and its 200 day simple moving average is $22.23. IonQ, Inc. has a 12 month low of $6.22 and a 12 month high of $54.74.

Analyst Ratings Changes

A number of analysts have commented on IONQ shares. The Goldman Sachs Group lifted their target price on shares of IonQ from $16.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Benchmark increased their target price on IonQ from $12.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. DA Davidson initiated coverage on shares of IonQ in a research note on Thursday, December 19th. They set a “buy” rating and a $50.00 price objective on the stock. Craig Hallum upped their target price on shares of IonQ from $22.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, Needham & Company LLC lifted their price target on shares of IonQ from $13.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

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.