Y Intercept Hong Kong Ltd Buys 434,989 Shares of Rigetti Computing, Inc. $RGTI

Y Intercept Hong Kong Ltd raised its stake in Rigetti Computing, Inc. (NASDAQ:RGTI) by 222.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 630,655 shares of the company’s stock after acquiring an additional 434,989 shares during the period. Rigetti Computing makes up about 0.5% of Y Intercept Hong Kong Ltd’s portfolio, making the stock its 17th biggest holding. Y Intercept Hong Kong Ltd owned approximately 0.19% of Rigetti Computing worth $18,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Trust Co. of Toledo NA OH increased its position in shares of Rigetti Computing by 1.7% in the third quarter. Trust Co. of Toledo NA OH now owns 21,178 shares of the company’s stock worth $631,000 after purchasing an additional 357 shares during the period. GAMMA Investing LLC increased its holdings in Rigetti Computing by 25.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,878 shares of the company’s stock valued at $86,000 after buying an additional 587 shares during the period. Kingswood Wealth Advisors LLC increased its holdings in Rigetti Computing by 4.4% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 21,610 shares of the company’s stock valued at $644,000 after buying an additional 920 shares during the period. Eagle Strategies LLC raised its position in shares of Rigetti Computing by 1.1% in the 3rd quarter. Eagle Strategies LLC now owns 86,426 shares of the company’s stock valued at $2,575,000 after buying an additional 959 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Rigetti Computing by 20.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,000 shares of the company’s stock worth $71,000 after acquiring an additional 1,000 shares during the period. 35.38% of the stock is owned by institutional investors and hedge funds.

Rigetti Computing Stock Down 6.0%

NASDAQ RGTI opened at $23.45 on Friday. The company has a market cap of $7.74 billion, a price-to-earnings ratio of -18.04 and a beta of 1.70. Rigetti Computing, Inc. has a twelve month low of $6.86 and a twelve month high of $58.15. The business’s fifty day moving average is $24.90 and its 200 day moving average is $25.30.

Rigetti Computing (NASDAQ:RGTI) last posted its earnings results on Monday, November 10th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. Rigetti Computing had a negative return on equity of 21.98% and a negative net margin of 4,741.49%.The firm had revenue of $1.95 million during the quarter, compared to the consensus estimate of $2.17 million. Rigetti Computing’s quarterly revenue was down 18.1% compared to the same quarter last year. On average, research analysts anticipate that Rigetti Computing, Inc. will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RGTI has been the topic of a number of recent analyst reports. Benchmark decreased their price objective on shares of Rigetti Computing from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Alliance Global Partners reiterated a “buy” rating on shares of Rigetti Computing in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Rigetti Computing in a research report on Monday, December 29th. Mizuho started coverage on Rigetti Computing in a research note on Thursday, December 11th. They issued an “outperform” rating and a $50.00 price objective on the stock. Finally, B. Riley raised Rigetti Computing from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Rigetti Computing currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.60.

Key Rigetti Computing News

Here are the key news stories impacting Rigetti Computing this week:

• Positive Sentiment: B. Riley upgraded RGTI from Neutral to Buy, which lifted the stock in prior sessions and signals renewed analyst optimism around growth prospects and execution. Rigetti rises after upgrade at B. Riley
• Positive Sentiment: Rosenblatt initiated coverage with a Buy rating and a $40 price target, praising Rigetti’s modular qubit-scaling approach and in-house fabrication — this adds another institutional bullish voice. Rosenblatt Initiates Coverage of Rigetti Computing (RGTI) Stock
• Positive Sentiment: Rigetti won an $8.4M order from India’s C?DAC for a 108?qubit system — a concrete commercial contract that validates near?term revenue potential and helped recent upward momentum. RGTI Stock To $50?
• Neutral Sentiment: Several analysts and articles suggest upside (one piece cites a ~40% rally potential), but these views depend on execution milestones and broader quantum market adoption; they are bullish in thesis but conditional. This Analyst Thinks Rigetti Stock Could Climb 40% — Should You Buy RGTI Now?
• Neutral Sentiment: Comparisons to peers (e.g., D?Wave) highlight differing roadmaps — gate?model vs. annealing/near?term commercialization — which makes RGTI a higher?upside, higher?risk choice depending on investor time horizon. Rigetti vs. D-Wave: Which Quantum Computing Stock Is the Better Pick?
• Negative Sentiment: Counterbalancing the optimism, commentary points to a “major disconnect with Wall Street” around valuation and execution risks; that skepticism can pressure shares when upbeat catalysts fade. Rigetti: Major Disconnect With Wall Street
• Negative Sentiment: Fundamentals remain a drag: very low revenue, declining top line vs. year-ago, and large negative margins/ROE — plus the stock sits below its 50? and 200?day averages — leaving RGTI vulnerable to profit?taking and broader market weakness.

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.