Rigetti Computing (NASDAQ:RGTI) Shares Down 2.5% – Time to Sell?

07 Apr 2026, 21:38 by Kim Johansen · The Markets Daily

Shares of Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report) fell 2.5% on Tuesday . The stock traded as low as $13.29 and last traded at $13.84. 20,197,237 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 29,288,654 shares. The stock had previously closed at $14.20.

Analyst Ratings Changes

Several brokerages have weighed in on RGTI. TD Cowen lowered Rigetti Computing from a “buy” rating to a “hold” rating in a research report on Thursday, February 12th. Wedbush upped their price target on Rigetti Computing from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Jefferies Financial Group started coverage on Rigetti Computing in a research note on Tuesday, December 16th. They set a “hold” rating and a $30.00 price target for the company. Benchmark decreased their price target on Rigetti Computing from $35.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, March 20th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $40.00 price target on shares of Rigetti Computing in a research note on Thursday, March 5th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.70.

Read Our Latest Stock Analysis on Rigetti Computing

Rigetti Computing Stock Performance

The firm has a 50 day moving average of $16.45 and a two-hundred day moving average of $25.66. The stock has a market cap of $4.60 billion, a P/E ratio of -20.35 and a beta of 1.82.

Rigetti Computing (NASDAQ:RGTI – Get Free Report) last announced its earnings results on Wednesday, March 4th. The company reported ($0.03) earnings per share 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 firm had revenue of $1.87 million during the quarter, compared to the consensus estimate of $2.33 million. The business’s revenue was down 17.9% on a year-over-year basis. On average, sell-side analysts anticipate that Rigetti Computing, Inc. will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other Rigetti Computing news, CTO David Rivas sold 36,719 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 $643,316.88. Following the completion of the sale, the chief technology officer owned 651,914 shares in the company, valued at approximately $11,421,533.28. This trade represents a 5.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the chief financial officer owned 175,609 shares of the company’s stock, valued at $3,076,669.68. This represents a 2.37% decrease in their position. The SEC filing for this sale provides additional information. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of Rigetti Computing

A number of hedge funds have recently modified their holdings of RGTI. Vanguard Group Inc. lifted its position in shares of Rigetti Computing by 40.4% in the 3rd quarter. Vanguard Group Inc. now owns 32,046,477 shares of the company’s stock worth $954,665,000 after acquiring an additional 9,228,888 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Rigetti Computing by 1,632.5% in the 4th quarter. Victory Capital Management Inc. now owns 2,571,289 shares of the company’s stock worth $56,954,000 after buying an additional 2,422,873 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Rigetti Computing in the 2nd quarter worth approximately $21,887,000. Norges Bank acquired a new position in shares of Rigetti Computing in the 4th quarter worth approximately $38,889,000. Finally, Clear Street Group Inc. acquired a new position in shares of Rigetti Computing in the 3rd quarter worth approximately $47,752,000. Institutional investors own 35.38% of the company’s stock.

About Rigetti Computing

(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.