Mitsubishi UFJ Asset Management Co. Ltd. Has $3.43 Million Stock Holdings in Rigetti Computing, Inc. $RGTI

Mitsubishi UFJ Asset Management Co. Ltd. lessened its stake in Rigetti Computing, Inc. (NASDAQ:RGTI) by 26.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 145,450 shares of the company’s stock after selling 52,950 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Rigetti Computing were worth $3,433,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. increased its stake in Rigetti Computing by 21.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,550 shares of the company’s stock valued at $145,000 after buying an additional 1,150 shares during the period. Danske Bank A S increased its stake in Rigetti Computing by 180.0% in the 4th quarter. Danske Bank A S now owns 2,800 shares of the company’s stock valued at $62,000 after buying an additional 1,800 shares during the period. Sigma Planning Corp increased its stake in Rigetti Computing by 11.7% in the 4th quarter. Sigma Planning Corp now owns 13,181 shares of the company’s stock valued at $288,000 after buying an additional 1,381 shares during the period. Bogart Wealth LLC increased its stake in Rigetti Computing by 2,550.0% in the 4th quarter. Bogart Wealth LLC now owns 2,650 shares of the company’s stock valued at $59,000 after buying an additional 2,550 shares during the period. Finally, Wealthfront Advisers LLC increased its stake in Rigetti Computing by 48.9% in the 4th quarter. Wealthfront Advisers LLC now owns 21,906 shares of the company’s stock valued at $485,000 after buying an additional 7,190 shares during the period. Institutional investors and hedge funds own 35.38% of the company’s stock.

Rigetti Computing Stock Up 8.3%

RGTI stock opened at $20.51 on Tuesday. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of -30.16 and a beta of 1.79. Rigetti Computing, Inc. has a 12 month low of $9.85 and a 12 month high of $58.15. The firm has a 50 day moving average of $16.47 and a two-hundred day moving average of $22.05.

Rigetti Computing (NASDAQ:RGTI) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. The business had revenue of $4.40 million during the quarter, compared to the consensus estimate of $4.09 million. Rigetti Computing had a negative net margin of 3,111.92% and a negative return on equity of 14.91%. Rigetti Computing’s quarterly revenue was up 198.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) EPS. On average, research analysts expect that Rigetti Computing, Inc. will post -0.16 EPS for the current fiscal year.

Key Headlines Impacting Rigetti Computing

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

• Positive Sentiment: Rigetti beat Q1 estimates, reporting a loss of $0.04 per share versus expectations for a $0.05 loss, while revenue of $4.40 million also came in ahead of the $4.09 million consensus. The company said QPU sales helped lift revenue. Article Title
• Positive Sentiment: Investor interest appeared strong heading into and after the print, with unusual call option buying suggesting traders were positioning for more upside in the stock.
• Neutral Sentiment: Rigetti’s earnings call and first-quarter release provided additional color on its quantum-computing roadmap, but the key takeaway was still that the business is in an early-stage, high-growth/high-loss phase. Article Title
• Neutral Sentiment: Coverage comparing Rigetti with IonQ highlighted diverging revenue trends across quantum peers, keeping attention on which company can turn technical progress into durable commercial growth. Article Title
• Negative Sentiment: Despite the beat, Rigetti remains deeply unprofitable, with negative return on equity and a very large negative net margin, which may limit enthusiasm for the stock’s valuation.
• Negative Sentiment: Some market commentary noted the stock was falling on the release because the quarter largely met expectations on the bottom line, suggesting investors may have wanted a bigger surprise. Article Title

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. TD Cowen lowered shares of Rigetti Computing from a “buy” rating to a “hold” rating in a research note on Thursday, February 12th. Benchmark decreased their target price 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. B. Riley Financial raised shares of Rigetti Computing from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Thursday, January 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $40.00 target price on shares of Rigetti Computing in a research report on Thursday, March 5th. Finally, Royal Bank Of Canada downgraded shares of Rigetti Computing to a “hold” rating in a research report on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Rigetti Computing has an average rating of “Moderate Buy” and a consensus target price of $30.64.

Insider Buying and Selling at Rigetti Computing

In related news, CTO David Rivas sold 36,719 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $17.52, for a total transaction of $643,316.88. Following the completion of the sale, the chief technology officer directly owned 651,914 shares of the company’s stock, valued at approximately $11,421,533.28. This represents a 5.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey A. Bertelsen sold 4,270 shares of the company’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 sale, the chief financial officer directly owned 175,609 shares of the company’s stock, valued at approximately $3,076,669.68. This represents a 2.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.60% of the stock is currently owned by corporate insiders.

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.