Orion Porfolio Solutions LLC Makes New Investment in Rigetti Computing, Inc. $RGTI

Orion Porfolio Solutions LLC bought a new position in shares of Rigetti Computing, Inc. (NASDAQ:RGTI) during the 3rd quarter, HoldingsChannel reports. The fund bought 95,376 shares of the company’s stock, valued at approximately $2,841,000.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Rigetti Computing by 40.4% in the third quarter. Vanguard Group Inc. now owns 32,046,477 shares of the company’s stock valued at $954,665,000 after purchasing an additional 9,228,888 shares during the last quarter. Marex Group plc acquired a new position in Rigetti Computing during the second quarter worth $87,414,000. Ameriprise Financial Inc. purchased a new stake in Rigetti Computing in the 2nd quarter valued at $21,887,000. Geode Capital Management LLC increased its stake in shares of Rigetti Computing by 22.9% in the 2nd quarter. Geode Capital Management LLC now owns 6,484,155 shares of the company’s stock worth $76,910,000 after acquiring an additional 1,206,925 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Rigetti Computing by 12.0% in the 2nd quarter. State Street Corp now owns 8,853,006 shares of the company’s stock worth $104,997,000 after acquiring an additional 946,850 shares during the last quarter. 35.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Needham & Company LLC lowered their price target on shares of Rigetti Computing from $51.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Rigetti Computing in a research report on Monday, December 29th. TD Cowen lowered shares of Rigetti Computing from a “buy” rating to a “hold” rating in a report on Thursday, February 12th. Williams Trading set a $40.00 target price on shares of Rigetti Computing in a report on Tuesday, November 11th. Finally, Jefferies Financial Group started coverage on shares of Rigetti Computing in a research note on Tuesday, December 16th. They issued a “hold” rating and a $30.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.70.

Rigetti Computing Stock Up 3.5%

NASDAQ:RGTI opened at $17.60 on Tuesday. Rigetti Computing, Inc. has a 52 week low of $6.86 and a 52 week high of $58.15. The company has a fifty day simple moving average of $20.14 and a two-hundred day simple moving average of $25.92. The company has a market cap of $5.81 billion, a price-to-earnings ratio of -25.88 and a beta of 1.72.

Rigetti Computing (NASDAQ:RGTI) last announced its quarterly earnings data on Wednesday, March 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. Rigetti Computing had a negative return on equity of 14.91% and a negative net margin of 3,111.92%.The business had revenue of $1.87 million for the quarter, compared to analysts’ expectations of $2.33 million. Rigetti Computing’s revenue was down 17.9% on a year-over-year basis. On average, analysts expect that Rigetti Computing, Inc. will post -0.34 EPS for the current year.

Rigetti Computing News Roundup

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

• Positive Sentiment: Rigetti reported a major hardware milestone — up to 99.9% two‑qubit gate fidelity at a 28‑ns speed and progress on a chiplet architecture intended to scale superconducting quantum systems. This directly supports future performance claims and competitiveness in quantum hardware. Can Rigetti’s Technology Breakthroughs Accelerate Quantum Progress?
• Positive Sentiment: Material commercial wins and deliveries are boosting near-term revenue visibility — notably an $8.4M order from India’s C‑DAC plus additional system deliveries to the cloud; coverage also cites recent Novera orders that add to backlog. These contract signals help justify investor optimism about early monetization. Rigetti Quantum Order From India Tests Path To Scaled Commercial Adoption
• Positive Sentiment: Analyst sentiment and balance‑sheet commentary have turned more constructive — at least one analyst upgraded coverage (buy) citing improved risk/reward and Rigetti’s roughly $590M cash position referenced in coverage, and brokerages show a consensus “moderate buy.” That reduces short‑term financing concerns and supports multiple upside scenarios. Rigetti Is Starting To Look Interesting Again Rigetti Given Consensus Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: RGTI is a trending/most‑watched name on sites like Zacks, which can amplify intraday moves but does not by itself change fundamentals. Increased attention can raise volatility. Here is What to Know Beyond Why Rigetti Computing, Inc. (RGTI) is a Trending Stock
• Negative Sentiment: Despite progress, analysts remain divided on timelines and commercialization risks; hardware milestones don’t immediately translate into sustained revenue growth — some coverage points to mixed analyst views and lingering execution risk. Analysts Conflicted on These Technology Names: Rigetti Computing (RGTI) and Everspin Technologies (MRAM)
• Negative Sentiment: Fundamentals remain early-stage: revenue has been modest, margins negative and consensus still expects negative EPS for the year — factors that sustain high volatility and make the stock sensitive to execution or funding setbacks. (See analyst coverage and financial notes above for context.) Can Rigetti’s Technology Breakthroughs Accelerate Quantum Progress?

Rigetti Computing 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.