Comprehensive Financial Planning Inc. PA Purchases Shares of 2,200 IonQ, Inc. (NYSE:IONQ)

Comprehensive Financial Planning Inc. PA purchased a new stake in shares of IonQ, Inc. (NYSE:IONQ) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,200 shares of the company’s stock, valued at approximately $92,000.

Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in IonQ during the fourth quarter valued at about $34,000. City State Bank bought a new stake in shares of IonQ in the fourth quarter valued at about $36,000. Versant Capital Management Inc lifted its stake in shares of IonQ by 1,348.5% in the fourth quarter. Versant Capital Management Inc now owns 956 shares of the company’s stock valued at $40,000 after buying an additional 890 shares during the period. Spire Wealth Management lifted its stake in shares of IonQ by 406.3% in the fourth quarter. Spire Wealth Management now owns 962 shares of the company’s stock valued at $40,000 after buying an additional 772 shares during the period. Finally, Riggs Asset Managment Co. Inc. lifted its stake in shares of IonQ by 2,325.0% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 970 shares of the company’s stock valued at $43,000 after buying an additional 930 shares during the period. 41.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. DA Davidson assumed coverage on shares of IonQ in a research note on Thursday, December 19th. They issued a “buy” rating and a $50.00 target price for the company. Benchmark increased their target price on shares of IonQ from $12.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Craig Hallum increased 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. Needham & Company LLC increased their target price on shares of IonQ from $13.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group increased their target price on shares of IonQ from $16.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.00.

IonQ Stock Up 1.2 %

NYSE:IONQ opened at $41.08 on Tuesday. IonQ, Inc. has a 12-month low of $6.22 and a 12-month high of $54.74. The firm has a market capitalization of $8.89 billion, a PE ratio of -50.71 and a beta of 2.40. The firm has a 50-day moving average price of $39.28 and a 200 day moving average price of $22.23.

Insider Buying and Selling

In other news, CEO Peter Hume Chapman sold 13,106 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $29.73, for a total transaction of $389,641.38. Following the completion of the sale, the chief executive officer now owns 414,363 shares of the company’s stock, valued at approximately $12,319,011.99. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Thomas G. Kramer sold 9,780 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $29.72, for a total transaction of $290,661.60. Following the sale, the chief financial officer now directly owns 926,114 shares of the company’s stock, valued at approximately $27,524,108.08. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,223 shares of company stock valued at $1,314,652 over the last quarter. Corporate insiders own 11.60% of the company’s stock.

About IonQ

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.