Insider Selling: Rigetti Computing (NASDAQ:RGTI) Director Sells $1,745,599.20 in Stock

Rigetti Computing, Inc. (NASDAQ:RGTI) Director Ray Johnson sold 84,944 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $20.55, for a total value of $1,745,599.20. Following the completion of the sale, the director directly owned 95,537 shares of the company’s stock, valued at $1,963,285.35. This represents a 47.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rigetti Computing Stock Performance

RGTI opened at $19.39 on Thursday. The company has a market cap of $6.44 billion, a PE ratio of -22.28 and a beta of 1.88. The stock has a 50-day moving average of $20.43 and a 200-day moving average of $19.92. Rigetti Computing, Inc. has a 52-week low of $10.80 and a 52-week high of $58.15.

Rigetti Computing (NASDAQ:RGTI) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Rigetti Computing had a negative return on equity of 10.40% and a negative net margin of 2,789.71%.The business had revenue of $4.40 million for the quarter, compared to the consensus estimate of $4.09 million. During the same period last year, the business earned ($0.05) EPS. The firm’s revenue was up 198.9% compared to the same quarter last year. On average, research analysts predict that Rigetti Computing, Inc. will post -0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RGTI. Heritage Wealth Advisors boosted its position 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 acquiring an additional 954 shares during the period. Larson Financial Group LLC boosted its holdings in Rigetti Computing by 138.4% in the 4th quarter. Larson Financial Group LLC now owns 1,218 shares of the company’s stock valued at $27,000 after purchasing an additional 707 shares during the period. PeakShares LLC acquired a new stake in Rigetti Computing in the 1st quarter worth $28,000. EFG International AG acquired a new stake in Rigetti Computing during the fourth quarter worth about $28,000. Finally, Tsfg LLC increased its position in shares of Rigetti Computing by 320.5% during the fourth quarter. Tsfg LLC now owns 1,312 shares of the company’s stock valued at $29,000 after purchasing an additional 1,000 shares during the period. 35.38% of the stock is owned by institutional investors.

More Rigetti Computing News

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

• Positive Sentiment: Rigetti continues to benefit from U.S. government support for quantum technology, including executive orders aimed at strengthening the domestic quantum industry and broader policy tailwinds for the sector.
• Positive Sentiment: The company recently secured up to $100 million in milestone-based CHIPS Act funding, which improves its funding outlook without adding debt and supports long-term development efforts.
• Positive Sentiment: Analyst commentary remains constructive overall, with several firms maintaining buy ratings and price targets above the current trading range, highlighting Rigetti’s cash position and chiplet momentum.
• Neutral Sentiment: Recent articles compare Rigetti favorably against peers like IonQ after Quantinuum’s IPO, but the discussion is more about relative positioning in the quantum space than a direct operational catalyst.
• Negative Sentiment: Director Ray Johnson sold 84,944 shares under a pre-arranged 10b5-1 plan, a disclosure that can still weigh on sentiment even though the trade was scheduled in advance.
• Negative Sentiment: Some coverage suggests investors are becoming more selective about quantum stocks, separating likely winners from speculative names, which may pressure near-term sentiment for Rigetti.
• Negative Sentiment: Despite revenue growth, Rigetti remains unprofitable and carries weak margins, reminding investors that the company still has significant execution risk before its long-term quantum thesis is fully proven.

Analyst Upgrades and Downgrades

RGTI has been the subject of a number of analyst reports. Northland Securities initiated coverage on shares of Rigetti Computing in a research note on Monday, April 20th. They issued a “market perform” rating and a $20.00 price objective for the company. Mizuho lowered their target price on shares of Rigetti Computing from $33.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. Wall Street Zen upgraded shares of Rigetti Computing from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $40.00 target price on shares of Rigetti Computing in a report on Thursday, June 11th. Finally, Benchmark cut their target price on shares of Rigetti Computing from $35.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, March 20th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.18.

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.