Sequoia Financial Advisors LLC Lowers Stake in Rigetti Computing, Inc. $RGTI

Sequoia Financial Advisors LLC cut its position in Rigetti Computing, Inc. (NASDAQ:RGTI) by 33.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,165 shares of the company’s stock after selling 42,014 shares during the period. Sequoia Financial Advisors LLC’s holdings in Rigetti Computing were worth $2,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Osaic Holdings Inc. boosted its stake in Rigetti Computing by 119.2% during the second quarter. Osaic Holdings Inc. now owns 260,307 shares of the company’s stock valued at $3,087,000 after buying an additional 141,541 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in Rigetti Computing in the 2nd quarter worth approximately $392,000. Avior Wealth Management LLC purchased a new stake in shares of Rigetti Computing during the 2nd quarter worth approximately $121,000. Cavalier Investments LLC bought a new position in shares of Rigetti Computing during the 2nd quarter valued at approximately $589,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Rigetti Computing in the second quarter valued at $217,000. 35.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Rigetti Computing in a research note on Tuesday, December 16th. They set a “hold” rating and a $30.00 price target on the stock. Alliance Global Partners restated a “buy” rating on shares of Rigetti Computing in a report on Tuesday, November 11th. Williams Trading set a $40.00 price target on shares of Rigetti Computing in a report on Tuesday, November 11th. Mizuho started coverage on Rigetti Computing in a research report on Thursday, December 11th. They issued an “outperform” rating and a $50.00 price target for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Rigetti Computing in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.10.

Rigetti Computing News Roundup

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

• Positive Sentiment: Chiplet progress appears to materially de‑risk Rigetti’s scaling path: Zacks reports Rigetti’s 36‑qubit chiplets hitting ~99.5% fidelity and outlines a clearer roadmap toward 1,000+ qubits by 2027, which supports long‑term product credibility and upside if milestones hold. Is Rigetti’s Chiplet Strategy Accelerating the 1,000-Qubit Roadmap?
• Positive Sentiment: Commercial validation: Rigetti India received an $8.4M purchase order for a 108‑qubit system from C‑DAC (India’s ministry R&D body), a notable revenue/contract win that shows customer demand and supports near‑term revenue recognition. Rigetti Announces Order for a 108-Qubit Quantum Computer from C-DAC
• Neutral Sentiment: Analyst and media debate on valuation and relative upside: comparative pieces (QUBT vs RGTI) and valuation checks note Rigetti’s big run vs peers and highlight that upside depends on manufacturing scale, contracts and cash — factors that cut both ways. QUBT vs. RGTI: Which Quantum Computing Stock Offers Greater Upside?
• Neutral Sentiment: Investor caution pieces and large historic rallies are prompting reassessments of whether RGTI’s recent gains are priced for perfection; some outlets urge waiting for a better entry despite technology progress. Quantum Computing Stocks … Reality Check
• Negative Sentiment: Timing and competitive pressure: MarketBeat and others note Rigetti pushed back general availability of its Cepheus‑1‑108Q launch to ensure target fidelity, and D‑Wave’s recent technical/strategic advances and acquisitions could shift investor preference toward competitors. Delay + competition raise near‑term risk. 3 Key Ways D-Wave Is Developing an Advantage in Quantum Computing
• Negative Sentiment: Financials and hype concerns: recent quarter showed revenue down ~18% YoY (small absolute revenue base) and wide negative margins; multiple cautionary articles flag elevated valuation after a large multi‑year surge, contributing to profit‑taking and higher short interest. Is Rigetti Computing (RGTI) Still Reasonably Priced…

Rigetti Computing Trading Down 2.5%

RGTI stock opened at $24.99 on Wednesday. Rigetti Computing, Inc. has a 12 month low of $6.86 and a 12 month high of $58.15. The company has a 50-day moving average price of $25.04 and a 200 day moving average price of $25.25. The stock has a market cap of $8.25 billion, a PE ratio of -19.22 and a beta of 1.70.

Rigetti Computing (NASDAQ:RGTI) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Rigetti Computing had a negative net margin of 4,741.49% and a negative return on equity of 21.98%. The company had revenue of $1.95 million for the quarter, compared to analyst estimates of $2.17 million. The firm’s revenue for the quarter was down 18.1% compared to the same quarter last year. Sell-side analysts forecast that Rigetti Computing, Inc. will post -0.34 EPS for the current year.

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.