<div id="readability-page-1"><p>Castleark Management LLC bought a new stake in  IonQ, Inc. (NYSE:IONQ - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor  bought 38,940 shares of the company's stock, valued at approximately $1,673,000.</p><ul><li>The Quantum Fleet: Investing in the New Quantum Standard</li></ul><p>Several other hedge funds and other institutional investors have also recently bought and sold shares of IONQ. TD Waterhouse Canada Inc. increased its holdings in  IonQ by 28.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,008 shares of the company's stock valued at $40,000 after buying an additional 223 shares during the period.  EverSource Wealth Advisors LLC increased its stake in  IonQ by 50.5% in the second quarter. EverSource Wealth Advisors LLC now owns 831 shares of the company's stock valued at $36,000 after acquiring an additional 279 shares during the period.  Rothschild Investment LLC raised its position in  IonQ by 12.2% in the second quarter. Rothschild Investment LLC now owns 2,720 shares of the company's stock worth $117,000 after purchasing an additional 295 shares in the last quarter.  Nisa Investment Advisors LLC lifted its stake in  IonQ by 4.7% during the second quarter. Nisa Investment Advisors LLC now owns 6,882 shares of the company's stock worth $296,000 after purchasing an additional 306 shares during the period.  Finally, Prospera Financial Services Inc boosted its holdings in  IonQ by 0.8% during the second quarter. Prospera Financial Services Inc now owns 42,286 shares of the company's stock valued at $1,817,000 after purchasing an additional 320 shares in the last quarter. 41.42% of the stock is owned by institutional investors. </p><h2>IonQ Stock Performance</h2><p>Shares of IONQ stock opened at $50.31 on Monday. IonQ, Inc. has a 52 week low of $17.88 and a 52 week high of $84.64. The stock has a market capitalization of $17.48 billion, a PE ratio of -9.40 and a beta of 2.62. The stock's fifty day moving average is $57.13 and its 200-day moving average is $49.82. </p><ul><li>If D-Wave Is Too Risky, Consider These 3 Quantum ETFs for Diversification</li></ul><p>IonQ (NYSE:IONQ - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($3.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($3.14). The company had revenue of $39.87 million for the quarter, compared to analyst estimates of $26.99 million. IonQ had a negative return on equity of 127.06% and a negative net margin of 1,836.32%.The firm's quarterly revenue was up 221.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.24) EPS.  As a group, analysts forecast that  IonQ, Inc. will post -0.86 earnings per share for the current fiscal year. </p><h2>Insider Activity</h2><p>In related news, Director Kathryn K. Chou sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $51.40, for a total value of $1,028,000.00. Following the completion of the sale, the director owned 60,839 shares of the company's stock, valued at $3,127,124.60. This trade represents a 24.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Rima Alameddine sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $46.89, for a total transaction of $4,689,000.00. Following the completion of the transaction, the executive owned 432,616 shares of the company's stock, valued at $20,285,364.24. This trade represents a 18.78% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.20% of the stock is owned by insiders. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>How Does D-Wave Stack Up to Quantum Rivals After Earnings Season?</li></ul><p>A number of equities analysts have recently issued reports on IONQ shares. Mizuho began coverage on IonQ in a report on Thursday. They issued an &#34;outperform&#34; rating and a $90.00 target price for the company. JPMorgan Chase &amp; Co. started coverage on IonQ in a research note on Thursday, November 20th. They set a &#34;neutral&#34; rating and a $47.00 price objective for the company. Weiss Ratings  reissued a &#34;sell (d-)&#34; rating on shares of IonQ in a report on Wednesday, October 8th. Benchmark upped their target price on shares of IonQ from $55.00 to $75.00 and gave the stock a &#34;buy&#34; rating in a report on Tuesday, September 16th. Finally, B. Riley lifted their price target on shares of IonQ from $75.00 to $100.00 and gave the company a &#34;buy&#34; rating in a report on Monday, September 22nd. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned  a Hold rating and one  has given a Sell rating to the stock. According to MarketBeat, the stock  has a consensus rating of &#34;Hold&#34; and an average target price of $68.18.</p><p><b>Read Our Latest Analysis on IONQ</b></p><h2>IonQ Profile</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than IonQ</li><li>When to Sell a Stock for Profit or Loss</li><li>Dave &amp; Buster’s Reversal Is in PLAY After Double-Bottom Breakout</li><li>Diversification Can Smooth Returns And Mitigate Portfolio Risk</li><li>3 Finance Stocks to Buy on Rising 10-Year Treasury Rates</li><li>Earnings Per Share Calculator: How to Calculate EPS</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlPTlE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlPTlE"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in IonQ Right Now?</h2><p>Before you consider IonQ, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IonQ wasn't on the list.</p><p>While IonQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

IONQ

<p>Castleark Management LLC acquired a $1.67 million stake in IonQ, Inc. during Q2, as per SEC filings. IonQ's stock opened at $50.31, with a market cap of $17.48 billion. Despite a quarterly revenue increase of 221.5%, IonQ reported a significant EPS loss. Analysts have mixed ratings, with Mizuho giving an "outperform" rating and a $90 target price, while Weiss Ratings issued a "sell" rating.</p>

Castleark Management LLC Takes $1.67 Million Position in IonQ, Inc. $IONQ