Jeffrey Bertelsen Sells 3,682 Shares of Rigetti Computing (NASDAQ:RGTI) Stock

Rigetti Computing, Inc. (NASDAQ:RGTI) CFO Jeffrey Bertelsen sold 3,682 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $22.95, for a total value of $84,501.90. Following the sale, the chief financial officer owned 171,927 shares of the company’s stock, valued at $3,945,724.65. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Rigetti Computing Price Performance

Rigetti Computing stock opened at $24.62 on Thursday. The company has a market cap of $8.18 billion, a price-to-earnings ratio of -28.30 and a beta of 1.79. Rigetti Computing, Inc. has a 12 month low of $10.30 and a 12 month high of $58.15. The stock’s 50-day moving average is $17.37 and its 200-day moving average is $20.53.

Rigetti Computing (NASDAQ:RGTI) last issued its earnings results on Monday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $4.40 million during the quarter, compared to analysts’ expectations of $4.09 million. Rigetti Computing had a negative return on equity of 10.40% and a negative net margin of 2,789.71%.The company’s revenue for the quarter was up 198.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.05) EPS. Research analysts anticipate that Rigetti Computing, Inc. will post -0.19 EPS for the current year.

Rigetti Computing News Summary

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

• Positive Sentiment: The biggest catalyst is a new U.S. government Letter of Intent that could provide Rigetti with up to $100 million in CHIPS Act funding, reinforcing the company’s role in domestic quantum computing and signaling strategic validation from Washington. The U.S. Government Just Invested in These 3 Quantum Computing Stocks. Should Retail Investors Follow Suit?
• Positive Sentiment: Investor enthusiasm is being reinforced by unusually high call option volume, suggesting traders are positioning for further upside in RGTI. Rigetti Computing Sees Unusually High Options Volume (NASDAQ:RGTI)
• Positive Sentiment: Commentary around a “commercial breakout” and improving enterprise adoption supports the view that Rigetti is moving beyond pure research toward revenue-generating quantum infrastructure. Quantum Computing’s Commercial Breakout Has Arrived (RGTI)
• Neutral Sentiment: Several articles noted that RGTI remains one of the most searched and most closely watched quantum stocks, underscoring elevated retail and institutional attention but not adding a direct fundamental catalyst. Investors Heavily Search Rigetti Computing, Inc. (RGTI): Here is What You Need to Know
• Neutral Sentiment: Industry-wide optimism is also helping sentiment, with quantum stocks rising on broader excitement around the sector and new ETF/IPO activity, which can lift RGTI alongside peers. Quantum Computing: The Next AI Boom?
• Negative Sentiment: Recent insider sales by Rigetti’s CFO and CTO may pressure sentiment, even though the trades were disclosed as tax-related transactions tied to equity vesting. Jeffrey Bertelsen Sells 3,682 Shares of Rigetti Computing (NASDAQ:RGTI) Stock
• Negative Sentiment: One analysis warned that RGTI’s rich valuation leaves little room for execution missteps, implying downside risk if commercialization or revenue growth slows. How Low Can RGTI Stock Go?

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RGTI shares. Wall Street Zen raised shares of Rigetti Computing from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Rosenblatt Securities restated a “buy” rating and set a $40.00 target price on shares of Rigetti Computing in a report on Thursday, March 5th. Benchmark decreased their price target 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. Northland Securities began coverage on Rigetti Computing in a research report on Monday, April 20th. They issued a “market perform” rating and a $20.00 price objective on the stock. Finally, TD Cowen cut Rigetti Computing from a “buy” rating to a “hold” rating in a research note on Thursday, February 12th. 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.18.

Institutional Trading of Rigetti Computing

A number of hedge funds have recently made changes to their positions in RGTI. Heritage Wealth Advisors lifted its position in shares of Rigetti Computing by 454.3% during the fourth quarter. Heritage Wealth Advisors now owns 1,164 shares of the company’s stock worth $26,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC grew its holdings in Rigetti Computing by 138.4% during 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 in the last quarter. PeakShares LLC purchased a new stake in Rigetti Computing during the 1st quarter worth $28,000. EFG International AG purchased a new stake in Rigetti Computing during the 4th quarter worth $28,000. Finally, Tsfg LLC lifted its holdings in Rigetti Computing by 320.5% in 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 in the last quarter. Hedge funds and other institutional investors own 35.38% of the company’s stock.

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.