IonQ, Inc. (NYSE:IONQ) Shares Bought by Harbour Investments Inc.

Harbour Investments Inc. boosted its position in shares of IonQ, Inc. (NYSE:IONQ) by 27.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,293 shares of the company’s stock after purchasing an additional 1,127 shares during the period. Harbour Investments Inc.’s holdings in IonQ were worth $221,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in IonQ by 15.2% during the 4th quarter. Allworth Financial LP now owns 2,753 shares of the company’s stock valued at $116,000 after purchasing an additional 363 shares in the last quarter. GAMMA Investing LLC grew its holdings in IonQ by 73.2% during the 4th quarter. GAMMA Investing LLC now owns 1,136 shares of the company’s stock valued at $47,000 after purchasing an additional 480 shares in the last quarter. 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 in the last quarter. Pathway Financial Advisers LLC acquired a new stake in IonQ during the 4th quarter valued at $26,000. Finally, Spire Wealth Management grew its holdings in IonQ by 406.3% during the 4th quarter. Spire Wealth Management now owns 962 shares of the company’s stock valued at $40,000 after purchasing an additional 772 shares in the last quarter. 41.42% of the stock is owned by institutional investors and hedge funds.

IonQ Stock Performance

IonQ stock opened at $22.26 on Friday. The firm’s 50-day moving average is $32.43 and its 200-day moving average is $26.27. IonQ, Inc. has a 1 year low of $6.22 and a 1 year high of $54.74. The company has a market cap of $4.96 billion, a P/E ratio of -27.47 and a beta of 2.50.

Insider Transactions at IonQ

In other IonQ news, Director William F. Scannell purchased 93,066 shares of IonQ stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $21.81 per share, for a total transaction of $2,029,769.46. Following the transaction, the director now owns 135,047 shares in the company, valued at $2,945,375.07. This represents a 221.69 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Thomas G. Kramer sold 11,712 shares of the firm’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 $217,491.84. Following the completion of the transaction, the chief financial officer now owns 944,510 shares in the company, valued at approximately $17,539,550.70. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,033,166 shares of company stock worth $38,059,593. 11.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.