Rockefeller Capital Management L.P. Trims Stake in Rigetti Computing, Inc. $RGTI

Rockefeller Capital Management L.P. lowered its position in Rigetti Computing, Inc. (NASDAQ:RGTI) by 65.2% during the 4th quarter, HoldingsChannel reports. The firm owned 52,879 shares of the company’s stock after selling 98,889 shares during the period. Rockefeller Capital Management L.P.’s holdings in Rigetti Computing were worth $1,171,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in RGTI. Spear Advisors LLC bought a new stake in Rigetti Computing during the fourth quarter valued at $2,062,000. Tempo Wealth LLC bought a new position in Rigetti Computing in the 4th quarter worth about $617,000. Corient Private Wealth LLC raised its holdings in shares of Rigetti Computing by 312.1% in the 4th quarter. Corient Private Wealth LLC now owns 61,759 shares of the company’s stock valued at $1,368,000 after acquiring an additional 46,774 shares in the last quarter. Vident Advisory LLC raised its holdings in shares of Rigetti Computing by 2.8% in the 4th quarter. Vident Advisory LLC now owns 44,611 shares of the company’s stock valued at $988,000 after acquiring an additional 1,218 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of Rigetti Computing during the 4th quarter valued at about $23,459,000. Hedge funds and other institutional investors own 35.38% of the company’s stock.

Key Headlines Impacting Rigetti Computing

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

• Positive Sentiment: Recent commentary highlighted Rigetti’s strong liquidity, noting its debt-free $569 million cash position could fund Fab-1 expansion, higher-qubit systems, and its long-term quantum roadmap. Article Title
• Neutral Sentiment: Several articles showed continued investor attention around Rigetti and the quantum-computing theme, including pieces framing it as a small-cap AI/quantum name and one noting elevated search interest, which can keep the stock in focus but does not by itself change fundamentals. Article Title
• Neutral Sentiment: Short-form market coverage pointed out that RGTI simply fell more than the broader market in the latest session, reflecting weaker trading rather than a fresh company-specific catalyst. Article Title
• Negative Sentiment: Analyst-style commentary warned that Rigetti may look fully valued after a huge three-year run, with valuation concerns and ongoing cash burn limiting near-term upside. Article Title
• Negative Sentiment: Broader quantum-computing pieces also emphasized “cash crisis” and bubble concerns across the sector, arguing that pure-play names like RGTI still face long timelines to commercialization and heavy cash usage. Article Title

Insider Buying and Selling at Rigetti Computing

In other Rigetti Computing news, CTO David Rivas sold 499,328 shares of Rigetti Computing stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $25.40, for a total transaction of $12,682,931.20. Following the transaction, the chief technology officer directly owned 325,945 shares of the company’s stock, valued at approximately $8,279,003. This trade represents a 60.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ray O. Johnson sold 122,188 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $21.30, for a total transaction of $2,602,604.40. Following the completion of the sale, the director owned 171,273 shares of the company’s stock, valued at approximately $3,648,114.90. The trade was a 41.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 728,901 shares of company stock worth $17,546,343 over the last ninety days. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wall Street Zen raised Rigetti Computing from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Northland Securities started coverage on shares of Rigetti Computing in a research report on Monday, April 20th. They set a “market perform” rating and a $20.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and set a $40.00 target price on shares of Rigetti Computing in a research report on Thursday, June 11th. Mizuho decreased their price target on shares of Rigetti Computing from $33.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, May 12th. Finally, Benchmark lowered their price objective on shares of Rigetti Computing from $35.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.60.

Rigetti Computing Trading Down 3.3%

RGTI opened at $18.68 on Thursday. The stock has a market capitalization of $6.21 billion, a P/E ratio of -21.47 and a beta of 1.95. The stock has a 50-day moving average price of $20.42 and a 200-day moving average price of $19.61. Rigetti Computing, Inc. has a 12-month low of $11.43 and a 12-month high of $58.15.

Rigetti Computing (NASDAQ:RGTI) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $4.40 million for the quarter, compared to analysts’ expectations of $4.09 million. Rigetti Computing had a negative return on equity of 10.40% and a negative net margin of 2,789.71%.Rigetti Computing’s revenue for the quarter was up 198.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) EPS. On average, equities research analysts predict that Rigetti Computing, Inc. will post -0.22 EPS for the current year.

Rigetti Computing Company 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.