Rigetti Computing (NASDAQ:RGTI) Stock Price Down 1.5% – Should You Sell?

Rigetti Computing, Inc. (NASDAQ:RGTI) shares were down 1.5% during mid-day trading on Thursday . The stock traded as low as $16.06 and last traded at $16.53. 21,927,827 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 33,351,246 shares. The stock had previously closed at $16.78.

Key Headlines Impacting Rigetti Computing

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

• Positive Sentiment: Rigetti reported second-quarter revenue of $5.14 million, slightly above the $5.09 million analyst consensus, while its adjusted loss of $0.05 per share matched expectations. The company also highlighted growing demand for its quantum systems, progress on its technology roadmap and strategic U.S. government support. Rigetti Computing Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Quantum-system sales are accelerating, suggesting improving commercial traction. Rigetti is also participating with HPE and the Pittsburgh Supercomputing Center in a $5 million National Science Foundation-backed hybrid quantum-classical computing testbed scheduled to begin construction in September. Rigetti Expands Hybrid Quantum HPC Push With New NSF Project
• Neutral Sentiment: Wedbush initiated coverage of Rigetti, adding fresh analyst attention, although the available report does not provide a rating or price target. Investors had also been focused on bookings, revenue growth and commercial execution ahead of the earnings release. Rigetti Computing Coverage Initiated at Wedbush
• Negative Sentiment: The earnings release was viewed as mixed: revenue exceeded expectations only modestly, while Rigetti remains unprofitable. Its reported negative net margin and negative return on equity reinforce concerns about whether current commercial momentum can support its roughly multibillion-dollar valuation.
• Negative Sentiment: The stock’s decline reflects continued pressure across speculative quantum-computing shares after sharp rallies earlier in the year. Concerns about elevated valuations, limited near-term earnings and broader sector momentum are offsetting the positive sales and government-contract developments. Quantum Stocks Lag in 2026

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RGTI shares. Wall Street Zen raised shares of Rigetti Computing from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Rosenblatt Securities restated a “buy” rating and set a $40.00 target price on shares of Rigetti Computing in a research note on Thursday, June 11th. Mizuho decreased their price target on Rigetti Computing from $33.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Benchmark began coverage on Rigetti Computing in a research note on Monday, July 27th. They set a “buy” rating and a $25.00 price target on the stock. Finally, Wedbush began coverage on shares of Rigetti Computing in a research note on Monday. They issued an “outperform” rating and a $40.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Rigetti Computing Trading Down 1.5%

The firm has a 50-day moving average of $18.64 and a two-hundred day moving average of $18.13. The firm has a market capitalization of $5.49 billion, a PE ratio of -19.00 and a beta of 1.99.

Rigetti Computing (NASDAQ:RGTI) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $5.14 million during the quarter, compared to analyst estimates of $5.09 million. Rigetti Computing had a negative net margin of 2,789.71% and a negative return on equity of 10.40%. Equities research analysts expect that Rigetti Computing, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Activity at Rigetti Computing

In other Rigetti Computing news, Director Ray O. Johnson sold 122,188 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $21.30, for a total transaction of $2,602,604.40. Following the completion of the transaction, the director directly owned 171,273 shares of the company’s stock, valued at $3,648,114.90. This trade represents a 41.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 represents a 60.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 728,901 shares of company stock valued at $17,546,343. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Rigetti Computing

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Private Wealth Services LLC raised its stake in Rigetti Computing by 1.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 37,534 shares of the company’s stock valued at $831,000 after acquiring an additional 535 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Rigetti Computing by 10.2% during the fourth quarter. Global Retirement Partners LLC now owns 6,656 shares of the company’s stock valued at $147,000 after purchasing an additional 615 shares in the last quarter. Comerica Bank lifted its holdings in Rigetti Computing by 2.1% in the third quarter. Comerica Bank now owns 31,901 shares of the company’s stock worth $950,000 after purchasing an additional 653 shares during the period. Main Management ETF Advisors LLC grew its position in Rigetti Computing by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 64,206 shares of the company’s stock valued at $1,422,000 after buying an additional 656 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Rigetti Computing by 138.4% during the 4th quarter. Larson Financial Group LLC now owns 1,218 shares of the company’s stock valued at $27,000 after buying an additional 707 shares during the period. 35.38% of the stock is owned by institutional investors and hedge funds.

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.