Rigetti Computing (NASDAQ:RGTI) Trading Down 7.5% – Time to Sell?

Rigetti Computing, Inc. (NASDAQ:RGTI)’s stock price traded down 7.5% on Thursday . The stock traded as low as $13.93 and last traded at $14.10. 25,510,253 shares were traded during trading, a decline of 27% from the average daily volume of 34,710,656 shares. The stock had previously closed at $15.25.

Trending Headlines about Rigetti Computing

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

• Positive Sentiment: Multiple recent reports highlighted Rigetti as one of several quantum-computing stocks with significant brokerage upside in the second half of 2026, as investors focus on U.S. policy support and commercialization opportunities for the sector. 5 Quantum Computing Stocks Set for Huge Price Upside in 2H 2026
• Positive Sentiment: Investors are also reacting to bullish commentary that Rigetti could benefit from “sovereign quantum hardware” demand, with its U.S.-based Fab-1 facility and government-linked research potentially becoming more important if domestic quantum capability is treated as strategic infrastructure. Rigetti Could Be a Huge Winner in Sovereign Quantum Hardware
• Neutral Sentiment: Another article noted that broker recommendations remain bullish on paper, with Rigetti’s average brokerage recommendation equivalent to a Buy, though the report questioned how useful that signal is for investors. Brokers Suggest Investing in Rigetti Computing (RGTI): Read This Before Placing a Bet
• Negative Sentiment: Recent coverage also emphasized that Rigetti fell more than the broader market in the prior session, reinforcing concerns that the stock remains highly volatile and vulnerable to profit-taking in a weak tape. Why Rigetti Computing, Inc. (RGTI) Dipped More Than Broader Market Today

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and set a $40.00 price target on shares of Rigetti Computing in a report on Thursday, June 11th. Mizuho cut their price objective on shares of Rigetti Computing from $33.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Rigetti Computing in a research report on Tuesday, June 2nd. Needham & Company LLC reissued a “buy” rating and set a $31.00 target price on shares of Rigetti Computing in a research note on Tuesday, May 12th. Finally, Northland Securities started coverage on Rigetti Computing in a research report on Monday, April 20th. They set a “market perform” rating and a $20.00 target price on the stock. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Rigetti Computing presently has an average rating of “Moderate Buy” and an average price target of $32.00.

Rigetti Computing Stock Performance

The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of -16.22 and a beta of 1.95. The company has a 50 day moving average price of $20.08 and a two-hundred day moving average price of $18.99.

Rigetti Computing (NASDAQ:RGTI) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $4.40 million for the quarter, compared to analysts’ expectations of $4.09 million. Rigetti Computing had a negative net margin of 2,789.71% and a negative return on equity of 10.40%. The firm’s revenue for the quarter was up 198.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) EPS. On average, equities analysts expect that Rigetti Computing, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ray O. Johnson sold 84,944 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $20.55, for a total transaction of $1,745,599.20. Following the completion of the transaction, the director owned 95,537 shares in the company, valued at $1,963,285.35. This represents a 47.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey A. Bertelsen sold 3,682 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $22.95, for a total transaction of $84,501.90. Following the completion of the transaction, the chief financial officer directly owned 171,927 shares in the company, valued at $3,945,724.65. This represents a 2.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 728,901 shares of company stock worth $17,546,343 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rigetti Computing

Several large investors have recently bought and sold shares of the company. Danske Bank A S purchased a new position in shares of Rigetti Computing in the third quarter valued at approximately $30,000. Parallel Advisors LLC increased its position in shares of Rigetti Computing by 403.2% during the third quarter. Parallel Advisors LLC now owns 1,087 shares of the company’s stock worth $32,000 after purchasing an additional 871 shares in the last quarter. Heritage Wealth Advisors increased its position in shares of Rigetti Computing by 454.3% during the fourth quarter. Heritage Wealth Advisors now owns 1,164 shares of the company’s stock worth $26,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC raised its stake in Rigetti Computing by 138.4% in the 4th quarter. Larson Financial Group LLC now owns 1,218 shares of the company’s stock valued at $27,000 after purchasing an additional 707 shares during the last quarter. Finally, EFG International AG acquired a new position in Rigetti Computing in the 4th quarter valued at $28,000. 35.38% of the stock is currently owned by hedge funds and other institutional investors.

Rigetti Computing Company Profile

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.