Rigetti Computing, Inc. $RGTI Position Increased by Granahan Investment Management LLC

Granahan Investment Management LLC boosted its position in shares of Rigetti Computing, Inc. (NASDAQ:RGTI) by 47.7% in the first quarter, Holdings Channel.com reports. The firm owned 326,721 shares of the company’s stock after purchasing an additional 105,494 shares during the period. Granahan Investment Management LLC’s holdings in Rigetti Computing were worth $4,587,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RGTI. Kestra Private Wealth Services LLC raised its stake in shares of Rigetti Computing by 1.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 37,534 shares of the company’s stock worth $831,000 after purchasing an additional 535 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Rigetti Computing by 10.2% in the 4th quarter. Global Retirement Partners LLC now owns 6,656 shares of the company’s stock valued at $147,000 after buying an additional 615 shares in the last quarter. Comerica Bank grew its stake in shares of Rigetti Computing by 2.1% in the 3rd quarter. Comerica Bank now owns 31,901 shares of the company’s stock valued at $950,000 after buying an additional 653 shares in the last quarter. Main Management ETF Advisors LLC increased its holdings in Rigetti Computing by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 64,206 shares of the company’s stock worth $1,422,000 after buying an additional 656 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in Rigetti Computing by 138.4% in the fourth quarter. Larson Financial Group LLC now owns 1,218 shares of the company’s stock worth $27,000 after buying an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 35.38% of the company’s stock.

Rigetti Computing Stock Down 4.7%

Shares of RGTI stock opened at $14.15 on Friday. Rigetti Computing, Inc. has a 12 month low of $12.53 and a 12 month high of $58.15. The company has a market cap of $4.70 billion, a PE ratio of -16.26 and a beta of 1.95. The business’s 50 day moving average is $19.65 and its two-hundred day moving average is $18.72.

Rigetti Computing (NASDAQ:RGTI) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $4.40 million during 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%. Rigetti Computing’s revenue for the quarter was up 198.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) earnings per share. As a group, equities analysts expect that Rigetti Computing, Inc. will post -0.22 EPS for the current fiscal year.

Trending Headlines about Rigetti Computing

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

• Positive Sentiment: Rigetti was highlighted in multiple articles as one of two quantum stocks with triple-digit implied upside ahead of second-quarter earnings, reinforcing bullish Wall Street expectations for the name. Article Title
• Positive Sentiment: Another report said Rigetti shares were up after an analyst upgrade, suggesting improving sentiment from the sell side. Article Title
• Positive Sentiment: Rigetti was also included in coverage citing 100%+ upside potential after the Quantinuum-SoftBank deal, keeping speculative interest in quantum stocks elevated. Article Title
• Neutral Sentiment: Rigetti announced it will report second-quarter 2026 results on August 6 and host a conference call the same day, which puts a near-term catalyst on the calendar but does not change fundamentals yet. Article Title
• Neutral Sentiment: Short-interest data showed no reported short interest as of July 24, so the update does not currently point to a meaningful squeeze setup.
• Negative Sentiment: Recent trading has been weak, with RGTI falling more than the broader market in the latest session, reflecting ongoing volatility and profit-taking in the quantum-computing group. Article Title
• Negative Sentiment: Several commentary pieces warned that quantum stocks remain expensive relative to revenues and face competition, which may be pressuring sentiment toward Rigetti and other pre-revenue names. Article Title

Wall Street Analyst Weigh In

A number of research firms have issued reports on RGTI. Northland Securities initiated coverage on shares of Rigetti Computing in a research note on Monday, April 20th. They issued a “market perform” rating and a $20.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $31.00 price target on shares of Rigetti Computing in a research note on Tuesday, May 12th. Rosenblatt Securities restated a “buy” rating and set a $40.00 price target on shares of Rigetti Computing in a report on Thursday, June 11th. Mizuho reduced their price objective on shares of Rigetti Computing from $33.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Finally, Weiss Ratings raised shares of Rigetti Computing from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Insider Buying and Selling

In other Rigetti Computing news, CTO David Rivas sold 499,328 shares of the business’s stock in a transaction 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 completion of the transaction, the chief technology officer owned 325,945 shares of the company’s stock, valued at $8,279,003. The trade was a 60.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ray O. Johnson sold 122,188 shares of the business’s stock in a transaction 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 transaction, the director directly owned 171,273 shares of the company’s stock, valued at approximately $3,648,114.90. This represents a 41.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 in the last quarter. 1.60% of the stock is currently owned by company 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.