IonQ director Singh sells $2.17 million in shares

Published 16/08/2025, 02:08
IonQ director Singh sells $2.17 million in shares

Director Inder M. Singh of IonQ, Inc. (NYSE:IONQ), a quantum computing company with a market capitalization of approximately $12 billion, sold 50,480 shares of common stock on August 13, 2025, for approximately $2.17 million. The shares were sold at a weighted average price of $43.023, with individual sales prices ranging from $42.97 to $43.16, near the stock’s current trading level of $40.23.

On the same day, Singh also exercised options to acquire a total of 50,480 shares of IonQ common stock. These transactions involved the exercise of stock options at prices of $12.93, $5.72, and $13.53, resulting in a total value of $646841. According to InvestingPro, IonQ’s stock has shown remarkable performance with a 452% return over the past year, though analysts’ price targets currently range from $32 to $70.

Following these transactions, Singh directly owns 5,513 shares of IonQ. InvestingPro analysis reveals the stock’s highly volatile nature, with 12 additional key insights available to subscribers through the comprehensive Pro Research Report.

In other recent news, IonQ, Inc. reported second-quarter 2025 revenue that surpassed market expectations, prompting Needham to reiterate its Buy rating and maintain a $60.00 price target. The company also raised its full-year 2025 revenue outlook to $82-100 million, up from its previous guidance of $75-95 million. Meanwhile, DA Davidson downgraded IonQ from Buy to Neutral, citing limited visibility as a concern, though it kept a $35.00 price target. Morgan Stanley adjusted its price target for IonQ to $32.00 from $30.00, maintaining an Equalweight rating, reflecting a revised valuation of the company. Additionally, IonQ’s board approved new restricted stock unit grants and a salary increase for CEO Niccolo de Masi, with his annual base salary now set at $700,000. The company also announced the appointment of four new vice presidents to enhance its leadership team across various divisions. These developments highlight IonQ’s ongoing strategic and financial adjustments in the quantum computing sector.

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