Wed Feb 26 21:10:00 UTC 2025: **IonQ Receives Mixed Analyst Ratings and Sees Insider Stock Sales**
**Sioux Falls, SD – March 1, 2024** – Quantum computing company IonQ (NYSE: IONQ) saw its stock price rise slightly on Monday, closing at $30.19, despite mixed analyst ratings and significant insider stock sales.
DA Davidson issued a Strong-Buy rating for IonQ, forecasting a loss of ($0.35) per share for FY2024, a more optimistic prediction than the current consensus estimate of ($0.86). Other analysts offered a range of opinions: Goldman Sachs maintained a Neutral rating with a $30 price target, while Needham, Benchmark, and Craig Hallum all issued Buy ratings with price targets ranging from $18 to $45. The overall MarketBeat consensus rating remains a Buy, with a $33 price target.
However, the positive sentiment is tempered by recent insider activity. CEO Peter Hume Chapman and CRO Rima Alameddine sold a combined 34,443 shares in December, representing a significant decrease in their holdings. In total, insiders sold 44,223 shares worth $1,314,652 in the last quarter.
Institutional investors also made adjustments to their IonQ holdings in Q4 2024, with some increasing and others maintaining their positions. Currently, institutional investors own 41.42% of IonQ’s stock.
IonQ develops general-purpose quantum computing systems, offering access through cloud platforms like AWS, Azure Quantum, and Google Cloud. The company’s market cap stands at $6.53 billion, with a P/E ratio of -37.18 and a beta of 2.41. The stock has traded between $6.22 and $54.74 over the past year. Despite the positive outlook from some analysts, the insider selling and mixed ratings paint a complex picture for investors considering IonQ.
First Piper 