Rigetti Computing (NASDAQ:RGTI) Stock Price Down 4.7% – Here’s What Happened

Posted by Geri Gentry on Jul 24th, 2026

Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report)’s share price was down 4.7% during trading on Friday . The stock traded as low as $14.14 and last traded at $14.15. Approximately 15,763,726 shares were traded during trading, a decline of 54% from the average session volume of 34,093,953 shares. The stock had previously closed at $14.85.

Analyst Ratings Changes

RGTI has been the topic of several recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $40.00 price target on shares of Rigetti Computing in a report on Thursday, June 11th. Northland Securities initiated coverage on Rigetti Computing in a report on Monday, April 20th. They set a “market perform” rating and a $20.00 price objective for the company. Mizuho decreased their price objective on shares of Rigetti Computing from $33.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $31.00 target price on shares of Rigetti Computing in a research note on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Rigetti Computing from a “sell” rating to a “hold” rating in a research note on Monday. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Rigetti Computing presently has an average rating of “Moderate Buy” and an average price target of $32.00.

Get Our Latest Analysis on RGTI

Rigetti Computing Price Performance

The stock has a market capitalization of $4.70 billion, a PE ratio of -16.26 and a beta of 1.95. The firm’s 50 day simple moving average is $19.73 and its 200 day simple moving average is $18.75.

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

Insiders Place Their Bets

In other news, CFO Jeffrey A. Bertelsen sold 3,682 shares of Rigetti Computing 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 transaction, the chief financial officer owned 171,927 shares in the company, valued at approximately $3,945,724.65. The trade was a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Insiders sold 728,901 shares of company stock valued at $17,546,343 over the last three months. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Rigetti Computing

A number of large investors have recently bought and sold shares of the stock. Heritage Wealth Advisors lifted its position in Rigetti Computing by 454.3% in the fourth 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 grew its holdings in shares of Rigetti Computing by 138.4% in the fourth quarter. Larson Financial Group LLC now owns 1,218 shares of the company’s stock worth $27,000 after purchasing an additional 707 shares during the last quarter. PeakShares LLC bought a new position in shares of Rigetti Computing in the first quarter worth approximately $28,000. EFG International AG purchased a new position in shares of Rigetti Computing in the fourth quarter worth $28,000. Finally, Tsfg LLC increased its stake in shares of Rigetti Computing by 320.5% in the fourth quarter. Tsfg LLC now owns 1,312 shares of the company’s stock worth $29,000 after buying an additional 1,000 shares during the period. 35.38% of the stock is owned by hedge funds and other institutional investors.

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.