GW&K Investment Management LLC Buys Shares of 373,795 Rigetti Computing, Inc. $RGTI

GW&K Investment Management LLC acquired a new stake in shares of Rigetti Computing, Inc. (NASDAQ:RGTI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 373,795 shares of the company’s stock, valued at approximately $11,135,000.

Other hedge funds have also recently bought and sold shares of the company. Osaic Holdings Inc. boosted its position in Rigetti Computing by 119.2% during the 2nd quarter. Osaic Holdings Inc. now owns 260,307 shares of the company’s stock worth $3,087,000 after acquiring an additional 141,541 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Rigetti Computing by 24.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 43,260 shares of the company’s stock worth $513,000 after acquiring an additional 8,419 shares in the last quarter. Penserra Capital Management LLC raised its holdings in shares of Rigetti Computing by 43.8% in the third quarter. Penserra Capital Management LLC now owns 2,445,818 shares of the company’s stock valued at $72,860,000 after purchasing an additional 744,577 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in Rigetti Computing by 16.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 195,159 shares of the company’s stock worth $2,315,000 after buying an additional 27,422 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Rigetti Computing by 18.3% during the 2nd quarter. Swiss National Bank now owns 546,100 shares of the company’s stock worth $6,477,000 after buying an additional 84,300 shares during the last quarter. 35.38% of the stock is currently owned by institutional investors and hedge funds.

Rigetti Computing News Roundup

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

• Positive Sentiment: Management highlighted technical progress (including work toward larger qubit systems such as a 108‑qubit roadmap) and other R&D milestones that support the company’s long‑term growth narrative. Earnings Call Highlights
• Positive Sentiment: Rigetti beat EPS estimates for Q4 (reported -$0.03 vs. consensus -$0.05), narrowing losses year‑over‑year — a data point some investors view as evidence of improving unit economics if operating costs are controlled. Zacks: Q4 Results
• Positive Sentiment: Analyst coverage remains constructive: several firms reaffirmed buy/outperform ratings or maintained large upside price targets (Rosenblatt, Benchmark, Mizuho, Needham), signaling continued institutional conviction despite the quarter. Analyst Reaction / Upside Notes
• Neutral Sentiment: Broader industry optimism persists — Wall Street continues to treat quantum pure‑plays as early‑stage, high‑upside thematic investments even as trajectories remain uncertain; that macro sentiment can buffer short‑term weakness. Industry Primer
• Neutral Sentiment: New entrants and rival moves matter: a competing firm (Horizon Quantum) is set to go public via a SPAC, which could change competitive dynamics and investor comparisons in the near term. Competitor IPO
• Negative Sentiment: Revenue miss and margin pressure: Q4 revenue of ~$1.87M fell well short of analyst estimates (consensus ~\$2.3M), revenue declined year‑over‑year and operating losses widened as opex rose — the principal reason shares sold off after the print. Revenue Miss & Margins
• Negative Sentiment: Near‑term sentiment turned negative as investors and some desks pared outlooks and digested the revenue shortfall; several headlines and trading desks noted the stock slid after the report. Market Reaction

Rigetti Computing Stock Performance

RGTI stock opened at $17.01 on Friday. Rigetti Computing, Inc. has a 52 week low of $6.86 and a 52 week high of $58.15. The company has a market capitalization of $5.61 billion, a PE ratio of -25.01 and a beta of 1.71. The company’s 50-day simple moving average is $20.24 and its 200 day simple moving average is $25.75.

Rigetti Computing (NASDAQ:RGTI) last released 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 return on equity of 14.91% and a negative net margin of 3,111.92%.The company had revenue of $1.87 million for the quarter, compared to analyst estimates of $2.33 million. Rigetti Computing’s revenue for the quarter was down 17.9% on a year-over-year basis. On average, analysts forecast that Rigetti Computing, Inc. will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and set a $40.00 target price on shares of Rigetti Computing in a report on Thursday. Wedbush upped their price objective 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 began coverage on shares of Rigetti Computing in a research note on Tuesday, December 16th. They issued a “hold” rating and a $30.00 target price for the company. Needham & Company LLC dropped 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 report on Thursday. Finally, Benchmark cut their price target on shares of Rigetti Computing from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.70.

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.