Rigetti Computing (NASDAQ:RGTI) Shares Down 3.1% – Here’s What Happened

Posted by George Bondi on Sep 25th, 2026

Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report)’s stock price traded down 3.1% on Wednesday. The stock traded as low as $15.97 and last traded at $16.00. Approximately 27,108,959 shares traded hands during trading, a decline of 11% from the average daily volume of 30,463,807 shares. The stock had previously closed at $16.52.

Analysts Set New Price Targets

Several analysts recently issued reports on RGTI shares. Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 price target on shares of Rigetti Computing in a report on Friday, August 7th. Weiss Ratings lowered Rigetti Computing from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, September 17th. Wall Street Zen downgraded shares of Rigetti Computing from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Benchmark began coverage on shares of Rigetti Computing in a research report on Monday, July 27th. They set a “buy” rating and a $25.00 target price on the stock. Finally, Rosenblatt Securities restated a “buy” rating and issued a $40.00 target price on shares of Rigetti Computing in a research note on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Rigetti Computing currently has a consensus rating of “Hold” and a consensus target price of $30.67.

Get Our Latest Analysis on Rigetti Computing

Rigetti Computing Trading Up 1.6%

The stock has a market capitalization of $5.60 billion, a P/E ratio of -18.62 and a beta of 2.00. The stock’s 50 day simple moving average is $16.02 and its 200 day simple moving average is $17.54.

Rigetti Computing (NASDAQ:RGTI – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). Rigetti Computing had a negative net margin of 2,189.54% and a negative return on equity of 17.50%. The company had revenue of $5.14 million during the quarter, compared to the consensus estimate of $5.09 million. On average, sell-side analysts expect that Rigetti Computing, Inc. will post -0.27 EPS for the current fiscal year.

Insider Transactions at Rigetti Computing

In other Rigetti Computing news, CTO Andrew Bestwick sold 5,791 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $16.81, for a total transaction of $97,346.71. Following the transaction, the chief technology officer owned 1,036,121 shares of the company’s stock, valued at $17,417,194.01. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Subodh Kulkarni sold 120,000 shares of Rigetti Computing stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $15.68, for a total value of $1,881,600.00. Following the completion of the transaction, the chief executive officer owned 140,411 shares of the company’s stock, valued at approximately $2,201,644.48. The trade was a 46.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 163,689 shares of company stock worth $2,570,890. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rigetti Computing

Several large investors have recently added to or reduced their stakes in RGTI. Clear Street Group Inc. grew its stake in Rigetti Computing by 71.1% during the 4th quarter. Clear Street Group Inc. now owns 2,743,150 shares of the company’s stock worth $60,761,000 after buying an additional 1,140,183 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Rigetti Computing by 105.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 123,460 shares of the company’s stock valued at $1,733,000 after buying an additional 63,331 shares during the last quarter. Intech Investment Management LLC lifted its position in Rigetti Computing by 66.3% in the 4th quarter. Intech Investment Management LLC now owns 120,260 shares of the company’s stock valued at $2,664,000 after purchasing an additional 47,935 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in Rigetti Computing during the 4th quarter valued at about $4,937,000. Finally, Granahan Investment Management LLC grew its position in Rigetti Computing by 47.7% in the 1st quarter. Granahan Investment Management LLC now owns 326,721 shares of the company’s stock worth $4,587,000 after purchasing an additional 105,494 shares during the last quarter. 35.38% of the stock is currently owned by institutional investors.

Rigetti Computing Company Profile

(Get Free Report)

Rigetti Computing, Inc is a quantum computing company that develops full-stack quantum computing systems based on superconducting qubit technology. The company designs and manufactures quantum processors, develops the software needed to program and operate them, and provides access to its systems through cloud-based services.

Rigetti’s offerings include its quantum processing units and integrated quantum computing systems, as well as the Rigetti Quantum Cloud Services platform. Through cloud access and partnerships, organizations can experiment with quantum algorithms and explore potential applications in areas such as optimization, simulation, machine learning and other computationally intensive fields.