Korea Investment CORP Acquires Shares of 132,395 IonQ, Inc. $IONQ
by Michael Walen · The Markets DailyKorea Investment CORP acquired a new position in shares of IonQ, Inc. (NYSE:IONQ – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 132,395 shares of the company’s stock, valued at approximately $7,051,000.
Several other large investors also recently added to or reduced their stakes in the company. Accent Capital Management LLC boosted its holdings in shares of IonQ by 171.8% during the fourth quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock worth $26,000 after purchasing an additional 371 shares during the period. EverSource Wealth Advisors LLC increased its stake in IonQ by 216.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company’s stock valued at $28,000 after buying an additional 656 shares during the period. PeakShares LLC purchased a new stake in IonQ in the 1st quarter worth approximately $29,000. Beaird Harris Wealth Management LLC lifted its position in IonQ by 117.4% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock worth $31,000 after buying an additional 270 shares in the last quarter. Finally, MWA Asset Management acquired a new stake in shares of IonQ during the 1st quarter valued at $32,000. 41.42% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on IONQ shares. Northland Securities increased their price objective on IonQ from $55.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, June 22nd. Needham & Company LLC reissued a “buy” rating and issued a $65.00 target price on shares of IonQ in a research report on Thursday, August 6th. Jefferies Financial Group set a $75.00 price target on shares of IonQ in a research note on Thursday, August 6th. Benchmark restated a “buy” rating and set a $60.00 price target on shares of IonQ in a report on Thursday, August 6th. Finally, Weiss Ratings lowered shares of IonQ from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, IonQ presently has an average rating of “Moderate Buy” and an average price target of $69.92.
Check Out Our Latest Report on IonQ
Insider Buying and Selling
In other IonQ news, insider John W. Raymond sold 3,815 shares of IonQ stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $55.01, for a total value of $209,863.15. Following the transaction, the insider owned 80,148 shares of the company’s stock, valued at approximately $4,408,941.48. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kathryn K. Chou sold 2,757 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.02, for a total value of $151,690.14. Following the transaction, the director owned 62,608 shares of the company’s stock, valued at approximately $3,444,692.16. This trade represents a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,329 shares of company stock valued at $513,216 in the last 90 days. 0.55% of the stock is owned by insiders.
Trending Headlines about IonQ
Here are the key news stories impacting IonQ this week:
- Positive Sentiment: IonQ subsidiary Skyloom Global reported that its optical communications terminals have reached 84 on-orbit installations aboard satellites supporting the U.S. Space Development Agency’s Proliferated Warfighter Space Architecture. The deployment strengthens IonQ’s expansion beyond quantum computing into space-based, secure communications and may provide an additional long-term revenue opportunity. IonQ’s Skyloom Optical Communications Terminals Reach 84 On-Orbit Installations Following Latest Launch
- Positive Sentiment: Coverage also highlighted IonQ’s progress in satellite optical communications and expanded quantum access in Canada. These developments support the company’s commercialization narrative and diversify its potential applications beyond research-focused quantum computing. IonQ Puts 84 Space Terminals In Orbit And Expands Canada Quantum Access
- Neutral Sentiment: Comparative analyses noted IonQ’s revenue growth of more than 200% and stronger commercialization progress versus some peers. However, Quantum Computing Inc. was viewed favorably on smaller absolute losses, while QUBT received attention for strategic expansion and substantial implied analyst price-target upside. These comparisons may limit enthusiasm for IonQ despite its stronger growth profile. IonQ vs. Quantum Computing Inc.: Which Quantum Computing Stock Is a Better Buy in 2026? IONQ vs. QUBT: Which Quantum Computing Stock Led in Q2 Earnings?
- Negative Sentiment: Investors are questioning whether IonQ’s valuation is justified after a roughly 349.5% five-year return. Commentary cited expensive book-value metrics and the need for durable cash-flow growth, increasing sensitivity to execution and volatility. IonQ Stock May Be Rich On Book Value Yet Strong On Returns
- Negative Sentiment: Quantum stocks broadly unwound an earlier revenue-driven rally, with IonQ among the sector’s decliners as investors demanded clearer evidence of commercial-scale adoption. Reports also flagged insider activity and an estimated $863 million of selling across several quantum companies, adding to sentiment pressure. Quantum Stocks Unwind a Revenue-Headline Rally Insiders at IonQ, Rigetti, and D-Wave Have Put Wall Street on Notice
IonQ Stock Down 8.4%
NYSE:IONQ opened at $41.08 on Tuesday. The firm has a market cap of $15.65 billion, a PE ratio of -8.81 and a beta of 3.28. IonQ, Inc. has a 12 month low of $25.89 and a 12 month high of $84.64. The company’s 50-day moving average price is $43.96 and its two-hundred day moving average price is $43.22.
IonQ (NYSE:IONQ – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.23. IonQ had a negative net margin of 553.27% and a negative return on equity of 22.29%. The company had revenue of $80.05 million during the quarter, compared to the consensus estimate of $66.47 million. During the same period in the previous year, the firm posted ($0.70) earnings per share. The company’s revenue was up 286.7% on a year-over-year basis. On average, research analysts expect that IonQ, Inc. will post -2.86 EPS for the current fiscal year.
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. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.
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