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Peter Hume Chapman, the Executive Chair of IonQ, Inc. (NYSE:IONQ), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Chapman sold 12,069 shares of common stock on March 11, 2025. The shares were sold at a weighted average price of $18.5695, yielding a total transaction value of approximately $224,115. The transaction comes as IonQ, now valued at $4.7 billion, has seen its stock surge 175% over the past six months, though InvestingPro analysis suggests the stock is currently trading above its Fair Value.
This sale was conducted to cover statutory tax withholding obligations related to the vesting of restricted stock units, as mandated by IonQ’s equity incentive plans. Following this transaction, Chapman retains direct ownership of 402,294 shares in the company. InvestingPro data reveals the company maintains strong liquidity with a current ratio of 10.5, indicating robust short-term financial health. Subscribers can access 12 additional exclusive ProTips and comprehensive financial metrics for deeper insight into IONQ’s performance.
The shares were sold in multiple transactions at prices ranging from $17.88 to $19.16. Chapman has committed to providing detailed information regarding the specific number of shares sold at each price upon request.
In other recent news, IonQ, Inc. reported a strong fourth-quarter earnings performance for 2024, surpassing top-line expectations and projecting significant revenue growth for fiscal year 2025. The company has also expanded its quantum networking patent portfolio, now holding nearly 400 patents and pending applications worldwide. This expansion follows the acquisition of Qubitekk and a controlling interest in ID Quantique, which has nearly 250 networking patents. In a strategic move, IonQ has secured contracts worth $75.6 million with the U.S. Air Force Research Laboratory and $5.7 million with the Applied Research Laboratory for Intelligence and Security.
Additionally, IonQ announced a breakthrough in mixed-species quantum gate technology in collaboration with Australian National University, which could enhance the speed and reliability of quantum operations. Despite these advancements, IonQ faced criticism from Kerrisdale Capital, which released a report questioning the company’s valuation, scalability, and transparency. Analyst firm DA Davidson reiterated a Buy rating with a $50 target, while Benchmark adjusted its price target to $45, maintaining a Buy rating as well. IonQ’s leadership transition sees Peter Chapman stepping down as CEO to become Executive Chair, with Niccolo de Masi taking over as the new CEO. The company continues to focus on innovation and strategic growth in the quantum technology sector.
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