Concurrent Investment Advisors LLC Raises Holdings in Rigetti Computing, Inc. $RGTI

Concurrent Investment Advisors LLC lifted its stake in Rigetti Computing, Inc. (NASDAQ:RGTI) by 482.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,640 shares of the company’s stock after buying an additional 58,507 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Rigetti Computing were worth $1,565,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of RGTI. Royal Bank of Canada boosted its stake in shares of Rigetti Computing by 106.2% in the first quarter. Royal Bank of Canada now owns 220,701 shares of the company’s stock worth $1,748,000 after buying an additional 113,644 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Rigetti Computing by 138.9% in the first quarter. AQR Capital Management LLC now owns 81,047 shares of the company’s stock worth $642,000 after buying an additional 47,115 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Rigetti Computing by 25.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,409 shares of the company’s stock worth $890,000 after buying an additional 22,770 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Rigetti Computing by 197.8% in the first quarter. NewEdge Advisors LLC now owns 25,592 shares of the company’s stock worth $203,000 after buying an additional 16,998 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Rigetti Computing in the first quarter worth about $3,115,000. Hedge funds and other institutional investors own 35.38% of the company’s stock.

Trending Headlines about Rigetti Computing

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

• Positive Sentiment: Rigetti plans to deploy a quantum system of more than 1,000 qubits in the U.K. within 3–4 years — its first major international expansion and a step toward securing long-term customer/government contracts that could drive future revenue. Rigetti’s 1,000 Qubit UK Plan Tests Path To Long Term Contracts
• Positive Sentiment: Company said it may invest up to $100 million in the U.K. and is being highlighted as a top high-performance computing name — signaling strategic capital allocation and market recognition that could support institutional interest. Rigetti Computing (RGTI) is One of the Top High-Performance Computing Stocks, Here is Why
• Neutral Sentiment: Analysts and outlets are comparing RGTI with peers like IonQ — noting IonQ’s stronger near-term revenue but suggesting Rigetti’s hardware roadmap (qubit scale and recent product launches) may offer more upside if commercialization accelerates. RGTI vs IONQ: Which Quantum Computing Stock Has More Upside?
• Neutral Sentiment: Roundups and buy‑the‑dip pieces (e.g., The Motley Fool) debate whether RGTI or smaller peers are the better rebound trade — useful for sentiment but not a concrete catalyst. Best Quantum Stock to Buy the Dip: Rigetti Computing (RGTI) or Quantum Computing (QUBT)
• Negative Sentiment: Short-term pullback attributed to profit-taking after April gains, elevated short interest, recent insider sales and positioning ahead of mid‑May earnings; these factors can amplify volatility and drove today’s downside pressure. Rigetti (RGTI) slides 4.4% as recent quantum rally cools and traders reset expectations

Insider Buying and Selling

In other Rigetti Computing news, CFO Jeffrey A. Bertelsen sold 4,270 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $17.52, for a total transaction of $74,810.40. Following the transaction, the chief financial officer owned 175,609 shares in the company, valued at approximately $3,076,669.68. This represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO David Rivas sold 36,719 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $17.52, for a total value of $643,316.88. Following the transaction, the chief technology officer directly owned 651,914 shares of the company’s stock, valued at $11,421,533.28. The trade was a 5.33% decrease in their position. The SEC filing for this sale provides additional information.

Wall Street Analyst Weigh In

A number of analysts have recently commented on RGTI shares. Wedbush upped their target price on Rigetti Computing from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Mizuho lowered their target price on Rigetti Computing from $50.00 to $43.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Needham & Company LLC lowered their target price on Rigetti Computing from $51.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Wall Street Zen downgraded Rigetti Computing from a “hold” rating to a “sell” rating in a research note on Sunday. Finally, Benchmark lowered their target price on Rigetti Computing from $35.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, March 20th. Eight 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. According to data from MarketBeat.com, Rigetti Computing currently has an average rating of “Moderate Buy” and an average price target of $30.64.

Rigetti Computing Trading Down 1.9%

Shares of RGTI stock opened at $16.08 on Thursday. The company has a market capitalization of $5.34 billion, a P/E ratio of -23.65 and a beta of 1.82. The business’s 50 day moving average is $16.23 and its two-hundred day moving average is $23.52. Rigetti Computing, Inc. has a 12-month low of $8.35 and a 12-month high of $58.15.

Rigetti Computing (NASDAQ:RGTI) last issued its quarterly earnings results on Wednesday, March 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $1.87 million for the quarter, compared to the consensus estimate of $2.33 million. Rigetti Computing had a negative return on equity of 14.91% and a negative net margin of 3,111.92%.The business’s quarterly revenue was down 17.9% compared to the same quarter last year. On average, research analysts predict that Rigetti Computing, Inc. will post -0.16 earnings per share for the current fiscal year.

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.