Rigetti Computing (NASDAQ:RGTI) Trading 5.5% Higher – Time to Buy?

Posted by Brian Himes on Jun 18th, 2026

Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report)’s share price was up 5.5% on Thursday . The company traded as high as $21.48 and last traded at $21.36. Approximately 35,539,853 shares changed hands during trading, a decline of 1% from the average session volume of 35,970,039 shares. The stock had previously closed at $20.25.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $31.00 price objective on shares of Rigetti Computing in a research note on Tuesday, May 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Rigetti Computing in a report on Tuesday, June 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $40.00 price target on shares of Rigetti Computing in a research note on Thursday, June 11th. Benchmark cut their price target on Rigetti Computing from $35.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Finally, Northland Securities started coverage on Rigetti Computing in a report on Monday, April 20th. They set a “market perform” rating and a $20.00 price target on the stock. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.18.

View Our Latest Research Report on RGTI

Rigetti Computing Price Performance

The stock has a market cap of $7.10 billion, a P/E ratio of -24.55 and a beta of 1.88. The company has a fifty day moving average price of $19.78 and a 200 day moving average price of $20.09.

Rigetti Computing (NASDAQ:RGTI – Get Free Report) last issued its earnings results on Monday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $4.09 million. During the same period last year, the business earned ($0.05) EPS. Rigetti Computing’s quarterly revenue was up 198.9% compared to the same quarter last year. As a group, sell-side analysts expect that Rigetti Computing, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Rigetti Computing

In related news, CFO Jeffrey A. Bertelsen sold 3,682 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $22.95, for a total value of $84,501.90. Following the sale, the chief financial officer owned 171,927 shares in the company, valued at $3,945,724.65. This represents a 2.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $25.40, for a total transaction of $12,682,931.20. Following the completion of the transaction, the chief technology officer directly owned 325,945 shares in the company, valued at approximately $8,279,003. The trade was a 60.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 643,957 shares of company stock valued at $15,800,744. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Rigetti Computing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its stake in shares of Rigetti Computing by 6.7% in the first quarter. NewEdge Advisors LLC now owns 65,694 shares of the company’s stock worth $922,000 after purchasing an additional 4,149 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Rigetti Computing by 7.3% in the first quarter. Janus Henderson Group PLC now owns 199,987 shares of the company’s stock valued at $2,809,000 after purchasing an additional 13,666 shares in the last quarter. Encore Global Management LP purchased a new position in shares of Rigetti Computing during the first quarter valued at approximately $1,685,000. Amundi grew its holdings in Rigetti Computing by 124.8% during the first quarter. Amundi now owns 60,012 shares of the company’s stock worth $843,000 after buying an additional 33,317 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Rigetti Computing by 31.8% during the first quarter. EverSource Wealth Advisors LLC now owns 4,651 shares of the company’s stock worth $65,000 after buying an additional 1,121 shares in the last quarter. 35.38% of the stock is owned by institutional investors.

Rigetti Computing Company Profile

(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.