Rigetti Computing, Inc. $RGTI Shares Acquired by Prospera Financial Services Inc

Prospera Financial Services Inc boosted its stake in shares of Rigetti Computing, Inc. (NASDAQ:RGTI) by 45.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,788 shares of the company’s stock after purchasing an additional 18,999 shares during the quarter. Prospera Financial Services Inc’s holdings in Rigetti Computing were worth $1,346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in Rigetti Computing by 138.4% during 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 period. Tsfg LLC raised its stake in Rigetti Computing by 320.5% during the 4th quarter. Tsfg LLC now owns 1,312 shares of the company’s stock valued at $29,000 after acquiring an additional 1,000 shares in the last quarter. Danske Bank A S bought a new stake in Rigetti Computing during the 3rd quarter valued at $30,000. Parallel Advisors LLC raised its stake in Rigetti Computing by 403.2% during the 3rd quarter. Parallel Advisors LLC now owns 1,087 shares of the company’s stock valued at $32,000 after acquiring an additional 871 shares in the last quarter. Finally, Valley National Advisers Inc. raised its stake in Rigetti Computing by 1,400.0% during the 4th quarter. Valley National Advisers Inc. now owns 1,500 shares of the company’s stock valued at $33,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 35.38% of the company’s stock.

Insiders Place Their Bets

In other news, CTO David Rivas sold 18,759 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $22.96, for a total value of $430,706.64. Following the sale, the chief technology officer owned 713,155 shares of the company’s stock, valued at approximately $16,374,038.80. The trade was a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jeffrey A. Bertelsen sold 3,682 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $22.95, for a total value of $84,501.90. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 63,430 shares of company stock worth $1,233,336 in the last three months. Company insiders own 1.60% of the company’s stock.

Rigetti Computing Stock Performance

RGTI opened at $27.03 on Friday. Rigetti Computing, Inc. has a one year low of $10.30 and a one year high of $58.15. The stock’s fifty day moving average is $17.59 and its 200-day moving average is $20.49. The company has a market capitalization of $8.98 billion, a PE ratio of -31.07 and a beta of 1.79.

Rigetti Computing (NASDAQ:RGTI) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Rigetti Computing had a negative return on equity of 10.40% and a negative net margin of 2,789.71%.The company had revenue of $4.40 million for the quarter, compared to the consensus estimate of $4.09 million. During the same quarter in the previous year, the business earned ($0.05) EPS. The company’s quarterly revenue was up 198.9% compared to the same quarter last year. On average, equities research analysts forecast that Rigetti Computing, Inc. will post -0.19 EPS for the current fiscal year.

Rigetti Computing News Summary

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

• Positive Sentiment: News that the U.S. government plans to invest up to $100 million each in Rigetti, D-Wave, and Infleqtion has boosted sentiment around Rigetti’s long-term funding prospects and validates quantum computing as a strategic priority. The U.S. Government Just Invested in These 3 Quantum Computing Stocks. Should Retail Investors Follow Suit?
• Positive Sentiment: Multiple articles highlighted Rigetti’s 108-qubit Cepheus-1 push and rising QPU demand, reinforcing hopes that the company can advance toward quantum advantage and eventually convert technical progress into revenue growth. Rigetti Computing’s 108-Qubit Push Keeps Quantum Advantage Hopes Alive
• Positive Sentiment: Commentary suggesting Rigetti may be nearing a breakout, along with talk of unusual options activity and investor positioning, points to speculative momentum and possible short-squeeze dynamics supporting the stock. This Quantum Computing Stock May Be Closer to a Breakout Than You Think
• Neutral Sentiment: Market coverage also framed quantum computing as a broader sector theme, with Rigetti benefiting from growing interest in the category rather than from a company-specific catalyst alone. Stock Market Today, May 28: Rigetti Computing Extends Gains on Quantum Optimism
• Negative Sentiment: Recent insider selling by the CFO may create some caution, even though the transaction was tied to tax withholding on equity vesting rather than a clear negative business signal. Jeffrey Bertelsen Sells 3,682 Shares of Rigetti Computing (NASDAQ:RGTI) Stock

Analyst Ratings Changes

Several analysts have weighed in on RGTI shares. Benchmark cut their target price on Rigetti Computing from $35.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, March 20th. Wall Street Zen raised Rigetti Computing from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 target price on shares of Rigetti Computing in a research note on Thursday, March 5th. TD Cowen downgraded Rigetti Computing from a “buy” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, Northland Securities started coverage on Rigetti Computing in a research note on Monday, April 20th. They set a “market perform” rating and a $20.00 target price on the stock. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.18.

Rigetti Computing 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.