Intech Investment Management LLC Lowers Stock Holdings in Rigetti Computing, Inc. $RGTI

Intech Investment Management LLC cut its stake in shares of Rigetti Computing, Inc. (NASDAQ:RGTI) by 54.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,325 shares of the company’s stock after selling 86,681 shares during the quarter. Intech Investment Management LLC’s holdings in Rigetti Computing were worth $2,155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MAI Capital Management grew its stake in Rigetti Computing by 17.7% in the third quarter. MAI Capital Management now owns 3,763 shares of the company’s stock worth $112,000 after purchasing an additional 566 shares in the last quarter. Rollins Financial Advisors LLC bought a new position in shares of Rigetti Computing during the 3rd quarter worth $410,000. Thoroughbred Financial Services LLC grew its position in shares of Rigetti Computing by 35.7% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 118,639 shares of the company’s stock worth $3,534,000 after buying an additional 31,201 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Rigetti Computing by 36.5% during the third quarter. EverSource Wealth Advisors LLC now owns 2,487 shares of the company’s stock valued at $74,000 after buying an additional 665 shares during the period. Finally, Clearstead Advisors LLC purchased a new position in shares of Rigetti Computing during the third quarter valued at $35,000. Institutional investors own 35.38% of the company’s stock.

Key Headlines Impacting Rigetti Computing

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

• Positive Sentiment: Won a meaningful government order — Rigetti disclosed an approximately $8.4M purchase order from India’s C‑DAC for a 108‑qubit on‑premises system, validating demand from national customers for on‑prem hardware. Rigetti Computing Reports Fourth Quarter and Full-Year 2025 Financial Results
• Positive Sentiment: Major tech milestone — the company reported two‑qubit gate fidelity as high as 99.9% on a prototype and strong median fidelities across its 9Q, 36Q and 108Q platforms, which supports its scaling story and competitive positioning. Rigetti Computing Reports Fourth Quarter and Full-Year 2025 Financial Results
• Positive Sentiment: Strong liquidity — cash, cash equivalents and available‑for‑sale investments totaled ~$589.8M at year‑end, giving the company runway to fund R&D and system deployments. Rigetti Computing Reports Fourth Quarter and Full-Year 2025 Financial Results
• Positive Sentiment: Wall Street support — several analysts maintain buy/outperform ratings and a median six‑month target near $40, which can underpin sentiment despite near‑term fundamentals. Rigetti Computing, Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results
• Neutral Sentiment: Operational outlook / near‑term revenue catalyst — management flagged anticipated year‑over‑year Q1 revenue growth tied to previously announced Novera system shipments; this is a potential catalyst but remains execution‑dependent. Rigetti Computing Reports Fourth Quarter and Full-Year 2025 Financial Results
• Negative Sentiment: Revenue missed and remains very small — Q4 revenue was ~$1.9M versus analyst expectations (~$2.3M); full‑year revenue fell to $7.1M, underscoring limited near‑term commercial traction. Rigetti (RGTI) Earnings / Revenue Details
• Negative Sentiment: Large GAAP losses and widening operating loss — GAAP net loss for 2025 was $216.2M (operating loss widened), which keeps profitability distant and raises execution and cash‑burn risk despite non‑GAAP adjustments. Rigetti Computing, Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results
• Negative Sentiment: Insider and institutional selling — recent data show multiple insider sales and some large institutional reductions, which can weigh on sentiment if sustained. Rigetti Computing, Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results (Quiver summary)
• Negative Sentiment: Street reaction: some outlets flagged the revenue miss and widening loss as reasons for weakness after the print. Rigetti Computing Stock Falls After Earnings. The Quantum Pure Play Faces Key Challenges.

Rigetti Computing Stock Up 4.7%

NASDAQ RGTI opened at $17.76 on Thursday. Rigetti Computing, Inc. has a 52 week low of $6.86 and a 52 week high of $58.15. The company has a 50 day moving average price of $20.49 and a 200 day moving average price of $25.81. The firm has a market cap of $5.86 billion, a PE ratio of -13.66 and a beta of 1.71.

Rigetti Computing (NASDAQ:RGTI) last released its quarterly earnings results on Wednesday, March 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. The business had revenue of $1.87 million for the quarter, compared to analyst estimates of $2.33 million. Rigetti Computing had a negative net margin of 4,741.49% and a negative return on equity of 21.98%. Rigetti Computing’s quarterly revenue was down 17.9% compared to the same quarter last year. On average, equities research analysts anticipate that Rigetti Computing, Inc. will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Rigetti Computing from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. TD Cowen cut shares of Rigetti Computing from a “buy” rating to a “hold” rating in a research report on Thursday, February 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rigetti Computing in a report on Monday, December 29th. Jefferies Financial Group initiated coverage on shares of Rigetti Computing in a research note on Tuesday, December 16th. They issued a “hold” rating and a $30.00 price objective for the company. Finally, Royal Bank Of Canada cut Rigetti Computing to a “hold” rating in a research report on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Rigetti Computing currently has an average rating of “Moderate Buy” and a consensus price target of $32.60.

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.