Rigetti Computing (NASDAQ:RGTI) Shares Down 3.2% – What’s Next?

Rigetti Computing, Inc. (NASDAQ:RGTI) shares traded down 3.2% during mid-day trading on Monday . The company traded as low as $12.53 and last traded at $12.90. 26,342,909 shares changed hands during trading, a decline of 12% from the average session volume of 29,779,873 shares. The stock had previously closed at $13.32.

Key Headlines Impacting Rigetti Computing

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

• Positive Sentiment: Rigetti announced up to a $100M commitment to expand operations in the UK, a strategic move to accelerate development and international footprint that supports longer‑term revenue opportunities. Read More.
• Positive Sentiment: Rigetti completed a commercial sale of a 9‑qubit Novera QPU to the University of Saskatchewan — a product sale that validates the Novera platform and can help franchise customer references for future academic and commercial deals. Read More.
• Positive Sentiment: Analyst support: Rosenblatt has reiterated a Buy rating and a $40 price target, and several analyst write‑ups include RGTI among quantum names with large upside potential — these endorsements can boost investor confidence and liquidity. Read More.
• Neutral Sentiment: Sector narratives highlight “triple‑digit” upside scenarios for quantum names including RGTI, but note macro volatility has pressured prices — helpful for long‑term stories but adds uncertainty for timing. Read More.
• Neutral Sentiment: Valuation check pieces note mixed signals: strong 1‑year shareholder return (~+80%) contrasts with a sizable year‑to‑date decline (~‑40%), indicating fading short‑term momentum despite longer‑term gains. Read More.
• Negative Sentiment: Fundamentals remain a drag: recent quarterly revenue was modest and below some estimates, RGTI has large negative margins and losses (negative EPS and ROE), which keep the stock volatile and sensitive to capital‑raising and execution risk. Read More.
• Negative Sentiment: Macro and sector volatility: analysts warn that broader market pressure on quantum names can drive short‑term share weakness even when company milestones are achieved. Read More.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Mizuho reduced their target price on Rigetti Computing from $50.00 to $43.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Royal Bank Of Canada cut shares of Rigetti Computing to a “hold” rating in a report on Thursday, January 22nd. Needham & Company LLC reduced their price target on shares of Rigetti Computing from $51.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Rosenblatt Securities reiterated a “buy” rating and set a $40.00 price objective on shares of Rigetti Computing in a report on Thursday, March 5th. Finally, B. Riley Financial raised shares of Rigetti Computing from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Rigetti Computing presently has an average rating of “Moderate Buy” and a consensus target price of $31.70.

Rigetti Computing Price Performance

The firm has a fifty day moving average of $17.21 and a two-hundred day moving average of $25.87. The stock has a market capitalization of $4.48 billion, a P/E ratio of -19.85 and a beta of 1.72.

Rigetti Computing (NASDAQ:RGTI) last issued its earnings results on Wednesday, March 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. Rigetti Computing had a negative net margin of 3,111.92% and a negative return on equity of 14.91%. The company had revenue of $1.87 million for the quarter, compared to analysts’ expectations of $2.33 million. Rigetti Computing’s revenue was down 17.9% on a year-over-year basis. As a group, sell-side analysts forecast 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 company’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 owned 651,914 shares in the company, valued at $11,421,533.28. This represents a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey A. Bertelsen sold 4,270 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were 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 in the company, valued at approximately $3,076,669.68. The trade was a 2.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Hedge Funds Weigh In On Rigetti Computing

A number of large investors have recently made changes to their positions in RGTI. Heritage Wealth Advisors grew its stake in Rigetti Computing by 454.3% during the 4th quarter. Heritage Wealth Advisors now owns 1,164 shares of the company’s stock worth $26,000 after buying an additional 954 shares during the last quarter. Larson Financial Group LLC increased its holdings 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 valued at $27,000 after acquiring an additional 707 shares in the last quarter. EFG International AG purchased a new position in shares of Rigetti Computing in the 4th quarter valued at approximately $28,000. Tsfg LLC boosted its stake 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 purchasing an additional 1,000 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Rigetti Computing by 180.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,334 shares of the company’s stock worth $30,000 after purchasing an additional 858 shares during the last quarter. 35.38% of the stock is owned by institutional investors and hedge funds.

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.