Rowlandmiller & PARTNERS.ADV Invests $132,000 in IonQ, Inc. (NYSE:IONQ)

Rowlandmiller & PARTNERS.ADV acquired a new position in IonQ, Inc. (NYSE:IONQ) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,150 shares of the company’s stock, valued at approximately $132,000.

Other institutional investors have also recently made changes to their positions in the company. Pathway Financial Advisers LLC bought a new position in shares of IonQ in the 4th quarter worth approximately $26,000. Golden State Wealth Management LLC bought a new stake in IonQ during the 4th quarter worth approximately $34,000. City State Bank bought a new stake in IonQ during the 4th quarter worth approximately $36,000. Hemington Wealth Management bought a new stake in IonQ during the 4th quarter worth approximately $37,000. Finally, Versant Capital Management Inc raised its stake in IonQ by 1,348.5% during the 4th quarter. Versant Capital Management Inc now owns 956 shares of the company’s stock worth $40,000 after acquiring an additional 890 shares during the period. Institutional investors own 41.42% of the company’s stock.

Insider Buying and Selling at IonQ

In other IonQ news, CFO Thomas G. Kramer sold 9,780 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 926,114 shares of the company’s stock, valued at $27,524,108.08. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Peter Hume Chapman sold 13,106 shares of the 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 sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders sold a total of 44,223 shares of company stock valued at $1,314,652 in the last three months. 11.60% of the stock is currently owned by corporate insiders.

IonQ Price Performance

Shares of IONQ opened at $31.74 on Monday. IonQ, Inc. has a 1 year low of $6.22 and a 1 year high of $54.74. The company has a 50 day simple moving average of $39.89 and a two-hundred day simple moving average of $24.27. The firm has a market cap of $6.87 billion, a P/E ratio of -39.18 and a beta of 2.40.

Analysts Set New Price Targets

IONQ has been the topic of a number of recent analyst reports. Benchmark raised their target price on shares of IonQ from $12.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. DA Davidson upgraded shares of IonQ to a “strong-buy” rating in a research note on Thursday. The Goldman Sachs Group raised their target price on shares of IonQ from $16.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Craig Hallum raised their target price on shares of IonQ from $22.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Finally, Needham & Company LLC raised their target price on shares of IonQ from $13.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $33.00.

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.