SG Americas Securities LLC Lowers Stock Position in Rigetti Computing, Inc. $RGTI

SG Americas Securities LLC cut its stake in shares of Rigetti Computing, Inc. (NASDAQ:RGTI) by 85.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,595 shares of the company’s stock after selling 117,510 shares during the quarter. SG Americas Securities LLC’s holdings in Rigetti Computing were worth $614,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Rigetti Computing by 106.2% during the first quarter. Royal Bank of Canada now owns 220,701 shares of the company’s stock valued at $1,748,000 after purchasing an additional 113,644 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Rigetti Computing by 138.9% during the 1st quarter. AQR Capital Management LLC now owns 81,047 shares of the company’s stock valued at $642,000 after purchasing an additional 47,115 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Rigetti Computing by 25.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,409 shares of the company’s stock valued at $890,000 after buying an additional 22,770 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Rigetti Computing by 197.8% in the 1st quarter. NewEdge Advisors LLC now owns 25,592 shares of the company’s stock worth $203,000 after buying an additional 16,998 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Rigetti Computing in the 1st quarter worth $3,115,000. Institutional investors own 35.38% of the company’s stock.

Rigetti Computing News Roundup

Here are the key news stories impacting Rigetti Computing this week:

• Positive Sentiment: B. Riley upgraded RGTI from Neutral to Buy, which is the primary near‑term catalyst lifting the stock as momentum traders and funds react to the rating change. What’s Happening With Rigetti Computing Stock Thursday? Rigetti rises after upgrade at B Riley
• Positive Sentiment: Wedbush raised its price target to $40 and moved to an “Outperform” rating, signaling institutional confidence in longer‑term upside and likely supporting further buying interest. Wedbush raises PT to $40
• Positive Sentiment: Rosenblatt reaffirmed a Buy rating and a $40 target, reinforcing the narrative of analyst conviction around future value capture in gate‑based quantum development. Rosenblatt reaffirms buy
• Neutral Sentiment: Comparative analyst coverage (Zacks) frames RGTI versus peers like D‑Wave (QBTS), highlighting RGTI’s gate‑based, long‑term ambition versus rivals’ nearer‑term commercial approaches — useful for investors weighing risk/return horizons. Rigetti vs. D‑Wave: Which Quantum Computing Stock Is the Better Pick?
• Neutral Sentiment: A Yahoo Finance piece notes a delay in Rigetti’s quantum roadmap but also an India deployment deal — together these items create mixed near‑term headlines (delay is a headwind; the deployment deal is incremental validation). Investors should watch execution updates closely. What Rigetti Computing (RGTI)’s Quantum Roadmap Delay and India Deployment Deal Means For Shareholders

Rigetti Computing Trading Up 5.4%

Shares of Rigetti Computing stock opened at $24.96 on Friday. The firm has a market cap of $8.24 billion, a PE ratio of -19.20 and a beta of 1.70. The stock has a 50 day moving average of $24.94 and a 200 day moving average of $25.23. Rigetti Computing, Inc. has a 12 month low of $6.86 and a 12 month high of $58.15.

Rigetti Computing (NASDAQ:RGTI) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. Rigetti Computing had a negative return on equity of 21.98% and a negative net margin of 4,741.49%.The business had revenue of $1.95 million for the quarter, compared to analysts’ expectations of $2.17 million. The firm’s revenue for the quarter was down 18.1% compared to the same quarter last year. As a group, equities research analysts forecast that Rigetti Computing, Inc. will post -0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RGTI. Jefferies Financial Group initiated coverage on Rigetti Computing in a research report on Tuesday, December 16th. They issued a “hold” rating and a $30.00 price objective on the stock. Wedbush lifted their target price on Rigetti Computing from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday. Mizuho initiated coverage on Rigetti Computing in a report on Thursday, December 11th. They issued an “outperform” rating and a $50.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 price objective on shares of Rigetti Computing in a report on Wednesday. Finally, B. Riley upgraded shares of Rigetti Computing from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.60.

About Rigetti Computing

Rigetti Computing is a pioneering quantum computing company that designs and manufactures superconducting quantum processors alongside a complementary software stack. Founded in 2013 by CEO Chad Rigetti, the company has developed end-to-end quantum systems—from cryogenic hardware to control electronics—to advance the performance and scalability of quantum machines.

At the core of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which enables developers and enterprises to access quantum processing units (QPUs) and hybrid quantum-classical workflows via the cloud.