Rigetti Computing (NASDAQ:RGTI) Stock Price Down 3.8% – Should You Sell?

Rigetti Computing, Inc. (NASDAQ:RGTI)’s stock price traded down 3.8% during mid-day trading on Wednesday . The company traded as low as $13.44 and last traded at $13.50. 22,627,830 shares traded hands during trading, a decline of 24% from the average session volume of 29,706,238 shares. The stock had previously closed at $14.04.

Rigetti Computing News Summary

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

• Positive Sentiment: Rigetti announced up to a $100M commitment to expand operations in the UK, a strategic move to accelerate development and international footprint that supports longer‑term revenue opportunities. Read More.
• Positive Sentiment: Rigetti completed a commercial sale of a 9‑qubit Novera QPU to the University of Saskatchewan — a product sale that validates the Novera platform and can help franchise customer references for future academic and commercial deals. Read More.
• Positive Sentiment: Analyst support: Rosenblatt has reiterated a Buy rating and a $40 price target, and several analyst write‑ups include RGTI among quantum names with large upside potential — these endorsements can boost investor confidence and liquidity. Read More.
• Neutral Sentiment: Sector narratives highlight “triple‑digit” upside scenarios for quantum names including RGTI, but note macro volatility has pressured prices — helpful for long‑term stories but adds uncertainty for timing. Read More.
• Neutral Sentiment: Valuation check pieces note mixed signals: strong 1‑year shareholder return (~+80%) contrasts with a sizable year‑to‑date decline (~‑40%), indicating fading short‑term momentum despite longer‑term gains. Read More.
• Negative Sentiment: Fundamentals remain a drag: recent quarterly revenue was modest and below some estimates, RGTI has large negative margins and losses (negative EPS and ROE), which keep the stock volatile and sensitive to capital‑raising and execution risk. Read More.
• Negative Sentiment: Macro and sector volatility: analysts warn that broader market pressure on quantum names can drive short‑term share weakness even when company milestones are achieved. Read More.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RGTI. Wall Street Zen lowered shares of Rigetti Computing from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Needham & Company LLC dropped their target price 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, March 5th. Mizuho cut their target price on shares of Rigetti Computing from $50.00 to $43.00 and set an “outperform” rating for the company in a research note on Thursday, March 5th. Benchmark reduced their price target on shares of Rigetti Computing from $35.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, March 20th. Finally, Jefferies Financial Group started coverage on shares of Rigetti Computing in a research note on Tuesday, December 16th. They issued a “hold” rating and a $30.00 price target on the stock. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rigetti Computing has an average rating of “Moderate Buy” and an average target price of $31.70.

Rigetti Computing Stock Performance

The company has a 50 day moving average of $17.21 and a 200 day moving average of $25.87. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of -19.85 and a beta of 1.72.

Rigetti Computing (NASDAQ:RGTI) last announced 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 net margin of 3,111.92% and a negative return on equity of 14.91%. The company had revenue of $1.87 million for 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. On average, equities analysts predict that Rigetti Computing, Inc. will post -0.34 EPS for the current fiscal year.

Insider Transactions at Rigetti Computing

In related news, CTO David Rivas sold 36,719 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $17.52, for a total transaction of $643,316.88. Following the transaction, the chief technology officer directly owned 651,914 shares in the company, valued at approximately $11,421,533.28. The trade was a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey A. Bertelsen sold 4,270 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $17.52, for a total transaction of $74,810.40. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Investors Weigh In On Rigetti Computing

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Rigetti Computing by 12.2% in the fourth quarter. Vanguard Group Inc. now owns 35,970,648 shares of the company’s stock valued at $796,750,000 after purchasing an additional 3,924,171 shares during the last quarter. State Street Corp boosted its stake in Rigetti Computing by 12.0% during the second quarter. State Street Corp now owns 8,853,006 shares of the company’s stock worth $104,997,000 after buying an additional 946,850 shares during the last quarter. Geode Capital Management LLC grew its holdings in Rigetti Computing by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 7,879,325 shares of the company’s stock valued at $174,930,000 after buying an additional 196,891 shares in the last quarter. Marex Group plc purchased a new stake in Rigetti Computing in the 2nd quarter valued at $87,414,000. Finally, UBS Group AG increased its stake in shares of Rigetti Computing by 90.9% in the 3rd quarter. UBS Group AG now owns 3,081,174 shares of the company’s stock worth $91,788,000 after acquiring an additional 1,467,483 shares during the last quarter. 35.38% of the stock is currently owned by hedge funds and other institutional investors.

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.