Rigetti Computing (NASDAQ:RGTI) Stock Price Down 4.2% – Here’s What Happened

13 Jan 2026, 18:20 by Amy Steele · The Cerbat Gem

Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report) shares traded down 4.2% during trading on Tuesday . The stock traded as low as $24.31 and last traded at $24.47. 27,520,522 shares were traded during mid-day trading, a decline of 15% from the average session volume of 32,453,621 shares. The stock had previously closed at $25.53.

Analysts Set New Price Targets

RGTI has been the topic of several research reports. Wedbush assumed coverage on Rigetti Computing in a research report on Wednesday, December 17th. They set an “outperform” rating and a $35.00 price target on the stock. Mizuho started coverage on shares of Rigetti Computing in a research note on Thursday, December 11th. They set an “outperform” rating and a $50.00 target price for the company. Alliance Global Partners reissued a “buy” rating on shares of Rigetti Computing in a report on Tuesday, November 11th. Benchmark reduced their price target on shares of Rigetti Computing from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Finally, Wall Street Zen raised shares of Rigetti Computing from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Rigetti Computing presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.22.

Check Out Our Latest Research Report on RGTI

Rigetti Computing Stock Down 4.2%

The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of -18.82 and a beta of 1.70. The company has a 50-day moving average price of $26.12 and a 200-day moving average price of $24.70.

Rigetti Computing (NASDAQ:RGTI – Get Free Report) last announced its earnings results on Monday, November 10th. 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 21.98% and a negative net margin of 4,741.49%.The firm had revenue of $1.95 million for the quarter, compared to the consensus estimate of $2.17 million. The company’s revenue was down 18.1% compared to the same quarter last year. As a group, analysts forecast that Rigetti Computing, Inc. will post -0.34 earnings per share for the current year.

Insider Buying and Selling at Rigetti Computing

In related news, Director Helene Gail Sandford sold 62,000 shares of the company’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $44.89, for a total value of $2,783,180.00. Following the completion of the sale, the director owned 120,371 shares of the company’s stock, valued at $5,403,454.19. This represents a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Trading of Rigetti Computing

A number of hedge funds and other institutional investors have recently made changes to their positions in RGTI. Vanguard Group Inc. boosted its holdings in shares of Rigetti Computing by 40.4% in the third quarter. Vanguard Group Inc. now owns 32,046,477 shares of the company’s stock valued at $954,665,000 after acquiring an additional 9,228,888 shares in the last quarter. State Street Corp lifted its position in Rigetti Computing by 12.0% in the second quarter. State Street Corp now owns 8,853,006 shares of the company’s stock worth $104,997,000 after purchasing an additional 946,850 shares during the period. Marex Group plc bought a new position in Rigetti Computing during the 2nd quarter valued at $87,414,000. Geode Capital Management LLC increased its position in shares of Rigetti Computing by 22.9% during the 2nd quarter. Geode Capital Management LLC now owns 6,484,155 shares of the company’s stock valued at $76,910,000 after purchasing an additional 1,206,925 shares during the period. Finally, UBS Group AG raised its stake in shares of Rigetti Computing by 90.9% in the 3rd quarter. UBS Group AG now owns 3,081,174 shares of the company’s stock worth $91,788,000 after buying an additional 1,467,483 shares in the last quarter. 35.38% of the stock is currently owned by institutional investors.

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.