Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report) Director Ray Johnson sold 84,944 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $20.55, for a total transaction of $1,745,599.20. Following the completion of the transaction, the director directly owned 95,537 shares in the company, valued at $1,963,285.35. This represents a 47.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Rigetti Computing Price Performance
Rigetti Computing stock opened at $21.28 on Wednesday. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of -24.46 and a beta of 1.88. The firm has a 50-day moving average of $20.34 and a two-hundred day moving average of $19.99. Rigetti Computing, Inc. has a 1 year low of $10.80 and a 1 year high of $58.15.
Rigetti Computing (NASDAQ:RGTI – Get Free Report) last issued its earnings results on Monday, May 11th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $4.40 million for the quarter, compared to analyst estimates of $4.09 million. Rigetti Computing had a negative net margin of 2,789.71% and a negative return on equity of 10.40%. The company’s quarterly revenue was up 198.9% compared to the same quarter last year. During the same period last year, the company posted ($0.05) earnings per share. Research analysts expect that Rigetti Computing, Inc. will post -0.22 earnings per share for the current year.
Institutional Trading of Rigetti Computing
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $31.00 target price on shares of Rigetti Computing in a report on Tuesday, May 12th. Northland Securities assumed coverage on Rigetti Computing in a research note on Monday, April 20th. They set a “market perform” rating and a $20.00 price target on the stock. Mizuho decreased 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. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rigetti Computing in a research note on Tuesday, June 2nd. Finally, Benchmark dropped their target price on shares of Rigetti Computing from $35.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.18.
Check Out Our Latest Analysis on Rigetti Computing
Key Stories Impacting Rigetti Computing
Here are the key news stories impacting Rigetti Computing this week:
- Positive Sentiment: U.S. executive orders are reinforcing bullish momentum for quantum-computing stocks, including Rigetti, by signaling stronger government support for the industry and faster adoption prospects. Quantum Computing Stocks Mixed Amid Trump Executive Orders, 2028 Target
- Positive Sentiment: Rigetti has also been highlighted as a strategic pillar of U.S. quantum and AI security policy after securing up to $100 million in milestone-based CHIPS Act funding, which could strengthen its balance sheet and long-term development path. Is Rigetti (RGTI) Becoming a Strategic Pillar of U.S. Quantum and AI Security Policy?
- Positive Sentiment: Analyst commentary continues to support the stock, with articles pointing to Rigetti’s higher implied upside, cash-rich position, and chiplet progress as reasons it may be a strong post-Quantinuum IPO play. Rigetti vs. IonQ: Which Quantum Stock Wins After Quantinuum’s IPO?
- Neutral Sentiment: Several recent articles discuss Rigetti’s penny-stock history and trading momentum, which keeps the stock in the spotlight but does not by itself change the operating outlook. Can Rigetti Computing (NASDAQ:RGTI) Sustain Its Penny Stock Momentum?
- Negative Sentiment: Director Ray Johnson sold 84,944 shares in a pre-arranged Rule 10b5-1 transaction, which may weigh on sentiment even though the sale was not necessarily a negative signal about the business. Ray Johnson Sells 84,944 Shares of Rigetti Computing (NASDAQ:RGTI) Stock
- Negative Sentiment: Some analyst commentary still flags rich valuation and macro pressure as risks for quantum names like Rigetti, suggesting the rally could face volatility if the broader risk appetite cools. 2 Quantum Stocks That Are a Sell Today Despite Long-Term Promise
Rigetti Computing Company Profile
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.
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