Rigetti Computing (NASDAQ:RGTI) Trading 5.3% Higher – What’s Next?

Posted by George Bondi on Jun 8th, 2026

Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report)’s share price was up 5.3% during trading on Monday . The stock traded as high as $22.79 and last traded at $21.77. Approximately 35,293,884 shares traded hands during trading, a decline of 2% from the average daily volume of 35,833,070 shares. The stock had previously closed at $20.68.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on RGTI shares. Wall Street Zen upgraded Rigetti Computing from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $40.00 price objective on shares of Rigetti Computing in a report on Thursday, March 5th. Needham & Company LLC reiterated a “buy” rating and issued a $31.00 price objective on shares of Rigetti Computing in a report on Tuesday, May 12th. Northland Securities began coverage on Rigetti Computing in a report on Monday, April 20th. They issued a “market perform” rating and a $20.00 price objective for the company. Finally, Mizuho cut their price objective on Rigetti Computing from $33.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.18.

Check Out Our Latest Research Report on RGTI

Rigetti Computing Trading Up 5.2%

The business has a fifty day moving average price of $18.68 and a 200-day moving average price of $20.34. The stock has a market capitalization of $7.23 billion, a PE ratio of -25.01 and a beta of 1.88.

Rigetti Computing (NASDAQ:RGTI – Get Free Report) last released its earnings results on Monday, May 11th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Rigetti Computing had a negative return on equity of 10.40% and a negative net margin of 2,789.71%.The company had revenue of $4.40 million during the quarter, compared to analyst estimates of $4.09 million. During the same quarter in the previous year, the company posted ($0.05) EPS. Rigetti Computing’s revenue for the quarter was up 198.9% on a year-over-year basis. On average, equities analysts anticipate that Rigetti Computing, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Transactions at Rigetti Computing

In other news, CFO Jeffrey A. Bertelsen sold 3,682 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $22.95, for a total value of $84,501.90. Following the completion of the sale, the chief financial officer owned 171,927 shares of the company’s stock, valued at approximately $3,945,724.65. The trade was a 2.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO David Rivas sold 499,328 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $25.40, for a total value of $12,682,931.20. Following the completion of the sale, the chief technology officer directly owned 325,945 shares of the company’s stock, valued at approximately $8,279,003. This trade represents a 60.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 562,758 shares of company stock valued at $13,916,267. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rigetti Computing

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Heritage Wealth Advisors raised its position in Rigetti Computing by 454.3% during the 4th quarter. Heritage Wealth Advisors now owns 1,164 shares of the company’s stock valued at $26,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC raised its position in Rigetti Computing by 138.4% during the 4th quarter. Larson Financial Group LLC now owns 1,218 shares of the company’s stock valued at $27,000 after purchasing an additional 707 shares during the last quarter. PeakShares LLC bought a new position in Rigetti Computing during the 1st quarter valued at approximately $28,000. EFG International AG bought a new position in Rigetti Computing during the 4th quarter valued at approximately $28,000. Finally, Tsfg LLC raised its position in Rigetti Computing by 320.5% during the 4th quarter. Tsfg LLC now owns 1,312 shares of the company’s stock valued at $29,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 35.38% of the company’s stock.

About Rigetti Computing

(Get Free Report)

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.