IonQ chief revenue officer sells $29,834 in stock

IonQ, Inc. (NYSE:IONQ) Chief Revenue Officer Rima Alameddine recently reported a sale of company stock. According to a filing with the Securities and Exchange Commission, Alameddine sold 1,407 shares of IonQ common stock on March 6, 2025. The shares were sold at an average price of $21.2041 per share, amounting to a total transaction value of approximately $29,834. The transaction comes as the stock, currently valued at a market cap of $4.07 billion, has shown significant volatility, declining 18% in the past week despite a remarkable 152% gain over six months, according to InvestingPro data.

This transaction was executed to cover statutory tax withholding obligations related to the vesting of restricted stock units. Following the sale, Alameddine holds 592,615 shares of IonQ stock. The sale was not discretionary and was mandated under the company’s equity incentive plans as a "sell to cover" transaction. InvestingPro analysis reveals the company maintains strong liquidity with a current ratio of 10.5, while holding more cash than debt on its balance sheet. For deeper insights into IonQ’s financial health and detailed analysis, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, IonQ reported its fourth-quarter 2024 earnings, revealing a notable discrepancy in earnings per share (EPS), which came in at -$0.93, significantly missing the forecasted -$0.23. However, the company exceeded revenue expectations, reporting $11.7 million against a projected $10.6 million. IonQ also announced a projected revenue range of $75 million to $95 million for fiscal year 2025. The company recently acquired IQ Quantique, aiming to expand into quantum sensing solutions, and announced a $500 million capital raise to support growth. Additionally, IonQ underwent a leadership transition, with Niccolo de Masi stepping in as CEO, while Peter Chapman moved to the role of Executive Chair. Analyst firms DA Davidson and Benchmark maintained their Buy ratings, with DA Davidson setting a $50 price target and Benchmark adjusting its target to $45. IonQ continues to focus on innovation in quantum computing and networking, seeking to maintain its momentum in a competitive market.

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