SG Americas Securities LLC Buys 36,343 Shares of Rigetti Computing, Inc. $RGTI

SG Americas Securities LLC lifted its stake in Rigetti Computing, Inc. (NASDAQ:RGTI) by 176.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,938 shares of the company’s stock after buying an additional 36,343 shares during the quarter. SG Americas Securities LLC’s holdings in Rigetti Computing were worth $1,261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. NorthCrest Asset Manangement LLC bought a new position in shares of Rigetti Computing in the fourth quarter worth about $456,000. Grove Bank & Trust bought a new position in shares of Rigetti Computing in the fourth quarter worth about $55,000. QP Wealth Management LLC bought a new stake in Rigetti Computing during the 4th quarter valued at approximately $322,000. IFP Advisors Inc raised its stake in Rigetti Computing by 96.5% during the 3rd quarter. IFP Advisors Inc now owns 4,304 shares of the company’s stock valued at $128,000 after purchasing an additional 2,114 shares during the period. Finally, Swiss Life Asset Management Ltd bought a new stake in Rigetti Computing during the 3rd quarter valued at approximately $433,000. Institutional investors own 35.38% of the company’s stock.

Key Headlines Impacting Rigetti Computing

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

• Positive Sentiment: Rigetti announced general availability of its 108‑qubit Cepheus‑1‑108Q (chiplet-based scaling), now accessible via Rigetti QCS and Amazon Braket — a validation of its scaling architecture that should help sales, partner engagement and cloud usage growth. Rigetti Announces General Availability of 108-Qubit System
• Positive Sentiment: Rigetti delivered a 9‑qubit Novera QPU to the University of Saskatchewan and inked a USask deal to build a quantum system — signals of expanding academic/on‑prem adoption that increase long‑term platform credibility and potential recurring on‑prem revenue. Rigetti Delivers Novera QPU to USask for Quantum System Build
• Neutral Sentiment: Wall Street coverage includes bullish analyst commentary and broader thematic pieces highlighting quantum/AI opportunity; such coverage can support long‑term investor interest but doesn’t move near‑term fundamentals. Is It Worth Investing in Rigetti Computing (RGTI) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Macro/theme piece: analysts note an “AI‑quantum supercycle” and identify quantum players as longer‑term ideas — supportive backdrop but high uncertainty and long commercialization timelines. AI-Quantum Supercycle: 4 Stocks to Watch in April With 50%+ Upside
• Negative Sentiment: Mizuho cut price targets on quantum stocks (~25%), triggering a sectorwide selloff that hit Rigetti alongside peers; such analyst downgrades can cause immediate downward pressure regardless of company‑specific progress. IonQ, D-Wave, Rigetti stocks tumble as Mizuho slashes price targets by 25%
• Negative Sentiment: Market reports note RGTI closed lower today amid the broader quantum pullback; near‑term volatility is high as commercialization timelines and revenue visibility remain limited. Rigetti Computing, Inc. (RGTI) Stock Drops Despite Market Gains: Important Facts to Note

Insiders Place Their Bets

In related news, CFO Jeffrey A. Bertelsen sold 4,270 shares of the business’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 $74,810.40. Following the completion of the transaction, the chief financial officer owned 175,609 shares in the company, valued at $3,076,669.68. The trade was a 2.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO David Rivas sold 36,719 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $17.52, for a total value of $643,316.88. Following the transaction, the chief technology officer owned 651,914 shares of the company’s stock, valued at approximately $11,421,533.28. The trade was a 5.33% decrease in their position. The SEC filing for this sale provides additional information. 1.90% of the stock is owned by insiders.

Rigetti Computing Stock Performance

Shares of Rigetti Computing stock opened at $13.84 on Wednesday. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of -20.35 and a beta of 1.82. The stock has a 50 day moving average price of $16.28 and a 200-day moving average price of $25.56. Rigetti Computing, Inc. has a one year low of $7.52 and a one year high of $58.15.

Rigetti Computing (NASDAQ:RGTI) last announced its earnings results on Wednesday, March 4th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.33 million. The business’s revenue for the quarter was down 17.9% on a year-over-year basis. Sell-side analysts predict that Rigetti Computing, Inc. will post -0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RGTI shares. 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 target price on the stock. Mizuho decreased 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. Rosenblatt Securities reissued a “buy” rating and set a $40.00 target price on shares of Rigetti Computing in a research note on Thursday, March 5th. Needham & Company LLC decreased their target price on Rigetti Computing from $51.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Finally, TD Cowen downgraded Rigetti Computing from a “buy” rating to a “hold” rating in a research note on Thursday, February 12th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.70.

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.