Y Intercept Hong Kong Ltd Acquires 434,989 Shares of Rigetti Computing, Inc. $RGTI

Y Intercept Hong Kong Ltd lifted its holdings in shares of Rigetti Computing, Inc. (NASDAQ:RGTI) by 222.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 630,655 shares of the company’s stock after purchasing an additional 434,989 shares during the period. Rigetti Computing accounts for 0.5% of Y Intercept Hong Kong Ltd’s holdings, making the stock its 17th biggest holding. Y Intercept Hong Kong Ltd’s holdings in Rigetti Computing were worth $18,787,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. IFP Advisors Inc raised its position in Rigetti Computing by 146.1% during the 2nd quarter. IFP Advisors Inc now owns 2,190 shares of the company’s stock worth $26,000 after purchasing an additional 1,300 shares during the last quarter. Hollencrest Capital Management raised its position in shares of Rigetti Computing by 458.3% during the second quarter. Hollencrest Capital Management now owns 4,020 shares of the company’s stock worth $48,000 after acquiring an additional 3,300 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Rigetti Computing by 80.8% during the second quarter. PNC Financial Services Group Inc. now owns 4,604 shares of the company’s stock worth $55,000 after acquiring an additional 2,057 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Rigetti Computing by 2,400.0% in the third quarter. Spire Wealth Management now owns 1,875 shares of the company’s stock worth $56,000 after acquiring an additional 1,800 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Rigetti Computing by 88.8% in the second quarter. Geneos Wealth Management Inc. now owns 5,097 shares of the company’s stock valued at $60,000 after acquiring an additional 2,397 shares during the last quarter. 35.38% of the stock is currently owned by institutional investors and hedge funds.

Rigetti Computing Stock Down 6.0%

Rigetti Computing stock opened at $23.45 on Friday. The company has a market capitalization of $7.74 billion, a PE ratio of -18.04 and a beta of 1.70. Rigetti Computing, Inc. has a 12-month low of $6.86 and a 12-month high of $58.15. The firm’s fifty day moving average is $24.90 and its 200 day moving average is $25.30.

Rigetti Computing (NASDAQ:RGTI) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.95 million during the quarter, compared to the consensus estimate of $2.17 million. The firm’s revenue for the quarter was down 18.1% on a year-over-year basis. Sell-side analysts expect that Rigetti Computing, Inc. will post -0.34 EPS for the current fiscal year.

Key Headlines Impacting Rigetti Computing

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

• Positive Sentiment: B. Riley upgraded RGTI from Neutral to Buy, which lifted the stock in prior sessions and signals renewed analyst optimism around growth prospects and execution. Rigetti rises after upgrade at B. Riley
• Positive Sentiment: Rosenblatt initiated coverage with a Buy rating and a $40 price target, praising Rigetti’s modular qubit-scaling approach and in-house fabrication — this adds another institutional bullish voice. Rosenblatt Initiates Coverage of Rigetti Computing (RGTI) Stock
• Positive Sentiment: Rigetti won an $8.4M order from India’s C‑DAC for a 108‑qubit system — a concrete commercial contract that validates near‑term revenue potential and helped recent upward momentum. RGTI Stock To $50?
• Neutral Sentiment: Several analysts and articles suggest upside (one piece cites a ~40% rally potential), but these views depend on execution milestones and broader quantum market adoption; they are bullish in thesis but conditional. This Analyst Thinks Rigetti Stock Could Climb 40% — Should You Buy RGTI Now?
• Neutral Sentiment: Comparisons to peers (e.g., D‑Wave) highlight differing roadmaps — gate‑model vs. annealing/near‑term commercialization — which makes RGTI a higher‑upside, higher‑risk choice depending on investor time horizon. Rigetti vs. D-Wave: Which Quantum Computing Stock Is the Better Pick?
• Negative Sentiment: Counterbalancing the optimism, commentary points to a “major disconnect with Wall Street” around valuation and execution risks; that skepticism can pressure shares when upbeat catalysts fade. Rigetti: Major Disconnect With Wall Street
• Negative Sentiment: Fundamentals remain a drag: very low revenue, declining top line vs. year-ago, and large negative margins/ROE — plus the stock sits below its 50‑ and 200‑day averages — leaving RGTI vulnerable to profit‑taking and broader market weakness.

Analyst Ratings Changes

Several research firms have issued reports on RGTI. Benchmark lowered their price target on shares of Rigetti Computing from $50.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Mizuho began coverage on shares of Rigetti Computing in a research report on Thursday, December 11th. They set an “outperform” rating and a $50.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Rigetti Computing in a research note on Monday, December 29th. Alliance Global Partners reaffirmed a “buy” rating on shares of Rigetti Computing in a research report on Tuesday, November 11th. Finally, Wedbush lifted their price objective on Rigetti Computing from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Rigetti Computing has a consensus rating of “Moderate Buy” and an average target price of $32.60.

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.