Burr Financial Services LLC Makes New Investment in Rigetti Computing, Inc. $RGTI

Posted by Stanley Muller on Oct 8th, 2026

Burr Financial Services LLC acquired a new position in shares of Rigetti Computing, Inc. (NASDAQ:RGTI – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 392,711 shares of the company’s stock, valued at approximately $6,181,000. Rigetti Computing makes up 3.8% of Burr Financial Services LLC’s investment portfolio, making the stock its 9th biggest holding. Burr Financial Services LLC owned approximately 0.12% of Rigetti Computing as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RGTI. Sequoia Financial Advisors LLC lifted its position in Rigetti Computing by 5.2% during the second quarter. Sequoia Financial Advisors LLC now owns 65,906 shares of the company’s stock worth $1,273,000 after buying an additional 3,283 shares during the period. Tidal Investments LLC acquired a new position in Rigetti Computing during the 2nd quarter worth approximately $365,000. NewEdge Advisors LLC lifted its holdings in Rigetti Computing by 16.8% in the 2nd quarter. NewEdge Advisors LLC now owns 76,752 shares of the company’s stock worth $1,483,000 after buying an additional 11,058 shares in the last quarter. IFP Advisors Inc grew its position in shares of Rigetti Computing by 85.5% during the second quarter. IFP Advisors Inc now owns 12,784 shares of the company’s stock worth $247,000 after buying an additional 5,892 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Rigetti Computing by 116.0% in the 2nd quarter. Allworth Financial LP now owns 9,987 shares of the company’s stock worth $193,000 after acquiring an additional 5,363 shares in the last quarter. 35.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Rigetti Computing

In other news, CTO Andrew Bestwick sold 5,791 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $16.81, for a total value of $97,346.71. Following the completion of the transaction, the chief technology officer directly owned 1,036,121 shares in the company, valued at $17,417,194.01. This trade represents a 0.56% decrease in their ownership of the stock. 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, COO David Rivas sold 9,038 shares of Rigetti Computing stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $16.79, for a total value of $151,748.02. Following the transaction, the chief operating officer owned 316,907 shares in the company, valued at approximately $5,320,868.53. This trade represents a 2.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 163,689 shares of company stock valued at $2,570,890. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Benchmark started coverage on shares of Rigetti Computing in a research report on Monday, July 27th. They set a “buy” rating and a $25.00 price objective for the company. Wedbush initiated coverage on Rigetti Computing in a research note on Monday, August 3rd. They issued an “outperform” rating and a $40.00 target price for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 target price on shares of Rigetti Computing in a report on Friday, August 7th. Wall Street Zen cut Rigetti Computing from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Zacks Research raised Rigetti Computing from a “strong sell” rating to a “hold” rating in a report on Tuesday. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.67.

Check Out Our Latest Report on Rigetti Computing

Rigetti Computing Price Performance

RGTI stock traded down $0.71 on Thursday, reaching $13.88. The company’s stock had a trading volume of 7,204,905 shares, compared to its average volume of 29,511,301. Rigetti Computing, Inc. has a 52 week low of $12.53 and a 52 week high of $58.15. The company has a market capitalization of $4.63 billion, a P/E ratio of -15.42 and a beta of 2.02. The firm has a fifty day moving average of $16.19 and a two-hundred day moving average of $17.49.

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

About Rigetti Computing

(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 and control systems used to operate them, and provides access to its quantum computing capabilities through cloud-based services.

Rigetti’s products and services include its quantum processing units (QPUs), quantum-classical computing infrastructure, and the Rigetti Quantum Cloud Services platform.