IonQ chief revenue officer sells $372,262 in common stock

Rima Alameddine, the Chief Revenue Officer of IonQ, Inc. (NYSE:IONQ), recently sold a portion of her holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Alameddine sold 20,047 shares of IonQ’s common stock on March 11, 2025. The shares were sold at a weighted average price of $18.57, generating a total of $372,262. The transaction comes as IonQ’s stock, currently trading at $21.37, has shown remarkable growth with a 132% return over the past year, though InvestingPro analysis indicates the stock is trading above its Fair Value.

This transaction was conducted to cover statutory tax withholding obligations associated with the vesting of restricted stock units, as mandated by IonQ’s equity incentive plans. Following this transaction, Alameddine holds 572,568 shares of IonQ.

The shares were sold in multiple transactions, with prices ranging from $17.88 to $19.16, as detailed in the filing. Alameddine remains a key executive at IonQ, which specializes in quantum computing technology.

In other recent news, IonQ, Inc. has reported a top-line beat in its fourth-quarter earnings for 2024, alongside a projected revenue increase for fiscal year 2025. This positive financial performance has led DA Davidson to maintain a Buy rating and a $50 price target for the company. However, Benchmark analysts have adjusted their outlook, reducing the price target to $45 while still keeping a Buy rating. IonQ has also expanded its quantum networking patent portfolio, now holding nearly 400 patents and pending applications globally, following the acquisition of Qubitekk and a controlling interest in ID Quantique.

The company has secured contracts with the U.S. Air Force Research Laboratory and the Applied Research Laboratory for Intelligence and Security, totaling over $81 million. IonQ’s technological advancements include a breakthrough in mixed-species quantum gate technology, developed in collaboration with Australian National University, which could enhance the speed and reliability of quantum gates. These advancements are part of IonQ’s strategy to strengthen its position in the quantum networking market.

Additionally, IonQ is undergoing a leadership change, with Niccolo de Masi taking over as CEO and Peter Chapman transitioning to Executive Chair. Amid these developments, Kerrisdale Capital has issued a report criticizing IonQ’s valuation and scalability challenges, expressing skepticism about the company’s growth projections and technology viability. Despite these concerns, IonQ continues to focus on innovation and expansion in the quantum technology sector.

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