Rigetti Computing (NASDAQ:RGTI) Stock Price Down 8.7% – What’s Next?

07 May 2026, 19:20 by Scott Moore · The Cerbat Gem

Shares of Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report) dropped 8.7% on Thursday . The stock traded as low as $18.07 and last traded at $18.34. Approximately 25,026,557 shares changed hands during trading, a decline of 16% from the average daily volume of 29,754,879 shares. The stock had previously closed at $20.09.

Analyst Upgrades and Downgrades

A number of research firms have commented on RGTI. Wall Street Zen cut Rigetti Computing from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Royal Bank Of Canada downgraded shares of Rigetti Computing to a “hold” rating in a report on Thursday, January 22nd. Needham & Company LLC lowered their target price on shares of Rigetti Computing from $51.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. B. Riley Financial raised shares of Rigetti Computing from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Thursday, January 22nd. Finally, Wedbush upped their price target on shares of Rigetti Computing from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.64.

Check Out Our Latest Stock Report on RGTI

Rigetti Computing Stock Performance

The stock has a 50 day simple moving average of $16.37 and a two-hundred day simple moving average of $22.56. The firm has a market cap of $6.09 billion, a PE ratio of -26.97 and a beta of 1.79.

Rigetti Computing (NASDAQ:RGTI – Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The company reported ($0.03) EPS for the quarter, topping 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 analyst estimates of $2.33 million. The business’s quarterly revenue was down 17.9% on a year-over-year basis. Equities research analysts forecast that Rigetti Computing, Inc. will post -0.16 earnings per share for the current year.

Insider Activity

In other Rigetti Computing news, CFO Jeffrey A. Bertelsen sold 4,270 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $17.52, for a total value of $74,810.40. Following the sale, the chief financial officer directly owned 175,609 shares of the company’s stock, valued at approximately $3,076,669.68. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David Rivas sold 36,719 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $17.52, for a total transaction 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 approximately $11,421,533.28. The trade was a 5.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RGTI. Vanguard Group Inc. boosted its stake in Rigetti Computing by 12.2% during the 4th quarter. Vanguard Group Inc. now owns 35,970,648 shares of the company’s stock worth $796,750,000 after purchasing an additional 3,924,171 shares during the last quarter. State Street Corp raised its holdings in Rigetti Computing by 12.0% in the 2nd quarter. State Street Corp now owns 8,853,006 shares of the company’s stock valued at $104,997,000 after acquiring an additional 946,850 shares during the last quarter. Geode Capital Management LLC raised its holdings in Rigetti Computing by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 7,879,325 shares of the company’s stock valued at $174,930,000 after acquiring an additional 196,891 shares during the last quarter. UBS Group AG raised its holdings in Rigetti Computing by 90.9% in the 3rd quarter. UBS Group AG now owns 3,081,174 shares of the company’s stock valued at $91,788,000 after acquiring an additional 1,467,483 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Rigetti Computing by 16.3% in the 3rd quarter. Northern Trust Corp now owns 2,846,095 shares of the company’s stock valued at $84,785,000 after acquiring an additional 397,905 shares during the last quarter. Hedge funds and other institutional investors own 35.38% of the company’s stock.

Rigetti Computing Company Profile

(Get Free Report)

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.