SG Americas Securities LLC Raises Stake in Rigetti Computing, Inc. $RGTI

SG Americas Securities LLC lifted its position in shares of Rigetti Computing, Inc. (NASDAQ:RGTI) by 197.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 169,203 shares of the company’s stock after purchasing an additional 112,265 shares during the period. SG Americas Securities LLC’s holdings in Rigetti Computing were worth $2,376,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Heritage Wealth Advisors increased its holdings 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 buying an additional 954 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Rigetti Computing by 138.4% during the 4th quarter. Larson Financial Group LLC now owns 1,218 shares of the company’s stock worth $27,000 after acquiring an additional 707 shares in the last quarter. EFG International AG acquired a new position in Rigetti Computing in the fourth quarter valued at approximately $28,000. Tsfg LLC lifted its position in shares of Rigetti Computing by 320.5% during the 4th 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Rigetti Computing by 180.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,334 shares of the company’s stock worth $30,000 after buying an additional 858 shares during the last quarter. Institutional investors and hedge funds own 35.38% of the company’s stock.

Insiders Place Their Bets

In other Rigetti Computing news, CFO Jeffrey A. Bertelsen sold 3,682 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $22.95, for a total value of $84,501.90. Following the completion of the transaction, the chief financial officer owned 171,927 shares in the company, valued at approximately $3,945,724.65. This represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Ray O. Johnson sold 122,188 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $21.30, for a total transaction of $2,602,604.40. Following the sale, the director owned 171,273 shares in the company, valued at $3,648,114.90. The trade was a 41.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 728,901 shares of company stock worth $17,546,343. 1.60% of the stock is owned by corporate insiders.

Rigetti Computing Trading Down 3.3%

Rigetti Computing stock opened at $18.68 on Thursday. The stock has a 50 day moving average of $20.42 and a two-hundred day moving average of $19.61. Rigetti Computing, Inc. has a twelve month low of $11.43 and a twelve month high of $58.15. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of -21.47 and a beta of 1.95.

Rigetti Computing (NASDAQ:RGTI) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.09 million. During the same period in the previous year, the company posted ($0.05) EPS. Rigetti Computing’s revenue was up 198.9% compared to the same quarter last year. Equities analysts predict that Rigetti Computing, Inc. will post -0.22 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on RGTI shares. Rosenblatt Securities restated a “buy” rating and issued a $40.00 target price on shares of Rigetti Computing in a report on Thursday, June 11th. Northland Securities assumed coverage on shares of Rigetti Computing in a research report on Monday, April 20th. They issued a “market perform” rating and a $20.00 price target for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Rigetti Computing in a research note on Tuesday, June 2nd. Wall Street Zen raised Rigetti Computing from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $31.00 target price on shares of Rigetti Computing in a research report on Tuesday, May 12th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $30.60.

Key Headlines Impacting Rigetti Computing

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

• Positive Sentiment: Recent commentary highlighted Rigetti’s strong liquidity, noting its debt-free $569 million cash position could fund Fab-1 expansion, higher-qubit systems, and its long-term quantum roadmap. Article Title
• Neutral Sentiment: Several articles showed continued investor attention around Rigetti and the quantum-computing theme, including pieces framing it as a small-cap AI/quantum name and one noting elevated search interest, which can keep the stock in focus but does not by itself change fundamentals. Article Title
• Neutral Sentiment: Short-form market coverage pointed out that RGTI simply fell more than the broader market in the latest session, reflecting weaker trading rather than a fresh company-specific catalyst. Article Title
• Negative Sentiment: Analyst-style commentary warned that Rigetti may look fully valued after a huge three-year run, with valuation concerns and ongoing cash burn limiting near-term upside. Article Title
• Negative Sentiment: Broader quantum-computing pieces also emphasized “cash crisis” and bubble concerns across the sector, arguing that pure-play names like RGTI still face long timelines to commercialization and heavy cash usage. Article Title

About Rigetti Computing

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.