Rigetti Computing (NASDAQ:RGTI) Trading Down 4% – Should You Sell?

19 May 2026, 17:41 by Teresa Graham · The Cerbat Gem

Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report) shares fell 4% on Tuesday . The company traded as low as $15.46 and last traded at $15.96. 20,306,699 shares were traded during mid-day trading, a decline of 32% from the average session volume of 29,875,611 shares. The stock had previously closed at $16.62.

Analysts Set New Price Targets

A number of brokerages have weighed in on RGTI. Benchmark cut their price objective on shares of Rigetti Computing from $35.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Mizuho cut their price objective 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. Northland Securities began coverage on shares of Rigetti Computing in a report on Monday, April 20th. They issued a “market perform” rating and a $20.00 price objective on the stock. Wall Street Zen cut shares of Rigetti Computing from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Finally, B. Riley Financial upgraded shares of Rigetti Computing from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Rigetti Computing presently has a consensus rating of “Moderate Buy” and an average target price of $29.18.

View Our Latest Stock Report on RGTI

Rigetti Computing Stock Down 4.0%

The stock’s fifty day moving average price is $16.56 and its 200 day moving average price is $21.34. The stock has a market cap of $5.30 billion, a PE ratio of -18.34 and a beta of 1.79.

Rigetti Computing (NASDAQ:RGTI – Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $4.40 million for the quarter, compared to analysts’ expectations of $4.09 million. Rigetti Computing had a negative net margin of 2,789.71% and a negative return on equity of 10.40%. The business’s revenue for the quarter was up 198.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) earnings per share. On average, equities research analysts expect that Rigetti Computing, Inc. will post -0.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Jeffrey A. Bertelsen sold 4,270 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were 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. This represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David Rivas sold 36,719 shares of the stock in a transaction that occurred 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 transaction, the chief technology officer owned 651,914 shares in the company, valued at approximately $11,421,533.28. This trade represents a 5.33% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Rigetti Computing by 12.2% in the fourth quarter. Vanguard Group Inc. now owns 35,970,648 shares of the company’s stock worth $796,750,000 after acquiring an additional 3,924,171 shares during the period. State Street Corp raised its position in Rigetti Computing by 12.0% in the second quarter. State Street Corp now owns 8,853,006 shares of the company’s stock worth $104,997,000 after acquiring an additional 946,850 shares during the period. Geode Capital Management LLC raised its position in Rigetti Computing by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 7,879,325 shares of the company’s stock worth $174,930,000 after acquiring an additional 196,891 shares during the period. UBS Group AG raised its position in Rigetti Computing by 90.9% in the third 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 period. Finally, Northern Trust Corp raised its position in Rigetti Computing by 16.3% in the third quarter. Northern Trust Corp now owns 2,846,095 shares of the company’s stock worth $84,785,000 after acquiring an additional 397,905 shares during the period. 35.38% of the stock is currently owned by institutional investors.

Rigetti Computing Company Profile

(Get Free Report)

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.