Prospera Financial Services Inc Has $1.35 Million Stock Holdings in Rigetti Computing, Inc. $RGTI

Prospera Financial Services Inc lifted its stake in shares of Rigetti Computing, Inc. (NASDAQ:RGTI) by 45.5% during the fourth quarter, Holdings Channel reports. The firm owned 60,788 shares of the company’s stock after purchasing an additional 18,999 shares during the quarter. Prospera Financial Services Inc’s holdings in Rigetti Computing were worth $1,346,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Danske Bank A S acquired a new stake in shares of Rigetti Computing during the third quarter worth $30,000. Parallel Advisors LLC raised its position in shares of Rigetti Computing by 403.2% during the third quarter. Parallel Advisors LLC now owns 1,087 shares of the company’s stock worth $32,000 after purchasing an additional 871 shares during the period. Clearstead Advisors LLC acquired a new stake in shares of Rigetti Computing during the third quarter worth $35,000. Larson Financial Group LLC raised its position in shares of Rigetti Computing by 138.4% during the fourth quarter. Larson Financial Group LLC now owns 1,218 shares of the company’s stock worth $27,000 after purchasing an additional 707 shares during the period. Finally, Ancora Advisors LLC acquired a new stake in shares of Rigetti Computing during the third quarter worth $38,000. 35.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rigetti Computing

In other Rigetti Computing news, CFO Jeffrey A. Bertelsen sold 4,270 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $17.52, for a total value of $74,810.40. Following the transaction, the chief financial officer owned 175,609 shares in the company, valued at $3,076,669.68. The trade was a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO David Rivas sold 36,719 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $17.52, for a total value of $643,316.88. Following the completion of the sale, the chief technology officer directly owned 651,914 shares of the company’s stock, valued at $11,421,533.28. This represents a 5.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 63,430 shares of company stock worth $1,233,336 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Rigetti Computing News Summary

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

• Positive Sentiment: News that the U.S. government plans to invest up to $100 million each in Rigetti, D-Wave, and Infleqtion has boosted sentiment around Rigetti’s long-term funding prospects and validates quantum computing as a strategic priority. The U.S. Government Just Invested in These 3 Quantum Computing Stocks. Should Retail Investors Follow Suit?
• Positive Sentiment: Multiple articles highlighted Rigetti’s 108-qubit Cepheus-1 push and rising QPU demand, reinforcing hopes that the company can advance toward quantum advantage and eventually convert technical progress into revenue growth. Rigetti Computing’s 108-Qubit Push Keeps Quantum Advantage Hopes Alive
• Positive Sentiment: Commentary suggesting Rigetti may be nearing a breakout, along with talk of unusual options activity and investor positioning, points to speculative momentum and possible short-squeeze dynamics supporting the stock. This Quantum Computing Stock May Be Closer to a Breakout Than You Think
• Neutral Sentiment: Market coverage also framed quantum computing as a broader sector theme, with Rigetti benefiting from growing interest in the category rather than from a company-specific catalyst alone. Stock Market Today, May 28: Rigetti Computing Extends Gains on Quantum Optimism
• Negative Sentiment: Recent insider selling by the CFO may create some caution, even though the transaction was tied to tax withholding on equity vesting rather than a clear negative business signal. Jeffrey Bertelsen Sells 3,682 Shares of Rigetti Computing (NASDAQ:RGTI) Stock

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $31.00 target price on shares of Rigetti Computing in a research report on Tuesday, May 12th. Benchmark cut their target price on Rigetti Computing from $35.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. Wall Street Zen raised Rigetti Computing from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Rosenblatt Securities reiterated a “buy” rating and set a $40.00 price target on shares of Rigetti Computing in a report on Thursday, March 5th. Finally, TD Cowen downgraded Rigetti Computing from a “buy” rating to a “hold” rating in a report on Thursday, February 12th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.18.

Rigetti Computing Price Performance

Shares of NASDAQ RGTI opened at $27.03 on Friday. The business’s 50-day moving average price is $17.59 and its two-hundred day moving average price is $20.49. Rigetti Computing, Inc. has a one year low of $10.30 and a one year high of $58.15. The company has a market capitalization of $8.98 billion, a P/E ratio of -31.07 and a beta of 1.79.

Rigetti Computing (NASDAQ:RGTI) last issued its earnings results on Monday, May 11th. The company reported ($0.04) EPS 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 firm had revenue of $4.40 million for the quarter, compared to the consensus estimate of $4.09 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The business’s quarterly revenue was up 198.9% compared to the same quarter last year. On average, equities analysts anticipate that Rigetti Computing, Inc. will post -0.19 EPS for the current 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.