Insider Selling: Rigetti Computing (NASDAQ:RGTI) CEO Sells $1,881,600.00 in Stock

Rigetti Computing, Inc. (NASDAQ:RGTI) CEO Subodh Kulkarni sold 120,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $15.68, for a total transaction of $1,881,600.00. Following the transaction, the chief executive officer owned 140,411 shares of the company’s stock, valued at approximately $2,201,644.48. This represents a 46.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rigetti Computing Price Performance

RGTI traded down $0.08 during mid-day trading on Thursday, hitting $15.16. The stock had a trading volume of 14,672,088 shares, compared to its average volume of 31,181,828. The stock’s fifty day simple moving average is $16.20 and its 200-day simple moving average is $17.65. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of -16.84 and a beta of 2.00. Rigetti Computing, Inc. has a 1-year low of $12.53 and a 1-year high of $58.15.

Rigetti Computing (NASDAQ:RGTI) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $5.09 million. As a group, research analysts expect that Rigetti Computing, Inc. will post -0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RGTI has been the subject of a number of research analyst reports. Zacks Research cut Rigetti Computing from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 19th. Wall Street Zen lowered Rigetti Computing from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded Rigetti Computing from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, September 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 price objective on shares of Rigetti Computing in a research report on Friday, August 7th. Finally, Benchmark began coverage on Rigetti Computing in a research note on Monday, July 27th. They set a “buy” rating and a $25.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.67.

Rigetti Computing News Summary

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

• Positive Sentiment: Rigetti secured a $100 million CHIPS award to expand quantum-computing infrastructure, including readout electronics, cryogenic capacity and chip fabrication. The funding could accelerate production scaling and reduce some capital constraints. Rigetti Secures $100 Million CHIPS Award to Advance Quantum Scaling
• Positive Sentiment: The Commerce Department reportedly plans up to $300 million in minority equity investments across Rigetti, D-Wave and Quantinuum. Potential government ownership would strengthen balance sheets, validate the sector and improve the funding outlook for Rigetti’s long-term roadmap. Uncle Sam’s Quantum Leap
• Neutral Sentiment: Several reports describe the CHIPS Act and broader quantum-manufacturing incentives as a potential catalyst for the industry. However, the benefits depend on how quickly funding converts into commercially viable systems and recurring revenue. Quantum Stocks Are Climbing as CHIPS Act Cash Pours In
• Negative Sentiment: Analysts continue to flag widening losses, uneven revenue and execution risk. Rigetti’s recent results included a loss of roughly $0.05 per share and revenue of about $5.14 million, underscoring that government backing has not yet solved the company’s profitability challenge. Rising Losses Weigh on Rigetti’s Outlook
• Negative Sentiment: Quantum stocks also pulled back as expectations for another Federal Reserve rate move increased. Higher rates tend to weigh on speculative, long-duration companies such as RGTI, while skepticism remains about the timeline for meaningful quantum commercialization. Quantum Stocks Fall as Rate-Hike Odds Climb

Institutional Trading of Rigetti Computing

Several hedge funds and other institutional investors have recently modified their holdings of the company. Heritage Wealth Advisors lifted its holdings in shares of 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 in the last quarter. Larson Financial Group LLC grew its holdings in shares of Rigetti Computing by 138.4% during the fourth quarter. Larson Financial Group LLC now owns 1,218 shares of the company’s stock worth $27,000 after buying an additional 707 shares in the last quarter. PeakShares LLC bought a new position in shares of Rigetti Computing during the first quarter worth about $28,000. EFG International AG acquired a new stake in Rigetti Computing in the 4th quarter valued at approximately $28,000. Finally, Tsfg LLC raised its position in Rigetti Computing by 320.5% in the 4th quarter. Tsfg LLC now owns 1,312 shares of the company’s stock valued at $29,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 35.38% of the company’s stock.

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.