Rigetti Computing (NASDAQ:RGTI) Trading Down 1.5% – Time to Sell?

Rigetti Computing, Inc. (NASDAQ:RGTI)’s share price was down 1.5% during trading on Thursday . The stock traded as low as $16.06 and last traded at $16.53. 21,927,827 shares changed hands during trading, a decline of 34% from the average daily volume of 33,351,246 shares. The stock had previously closed at $16.78.

Rigetti Computing News Roundup

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

• Positive Sentiment: Rigetti reported second-quarter revenue of $5.14 million, slightly above the $5.09 million analyst consensus, while its adjusted loss of $0.05 per share matched expectations. The company also highlighted growing demand for its quantum systems, progress on its technology roadmap and strategic U.S. government support. Rigetti Computing Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Quantum-system sales are accelerating, suggesting improving commercial traction. Rigetti is also participating with HPE and the Pittsburgh Supercomputing Center in a $5 million National Science Foundation-backed hybrid quantum-classical computing testbed scheduled to begin construction in September. Rigetti Expands Hybrid Quantum HPC Push With New NSF Project
• Neutral Sentiment: Wedbush initiated coverage of Rigetti, adding fresh analyst attention, although the available report does not provide a rating or price target. Investors had also been focused on bookings, revenue growth and commercial execution ahead of the earnings release. Rigetti Computing Coverage Initiated at Wedbush
• Negative Sentiment: The earnings release was viewed as mixed: revenue exceeded expectations only modestly, while Rigetti remains unprofitable. Its reported negative net margin and negative return on equity reinforce concerns about whether current commercial momentum can support its roughly multibillion-dollar valuation.
• Negative Sentiment: The stock’s decline reflects continued pressure across speculative quantum-computing shares after sharp rallies earlier in the year. Concerns about elevated valuations, limited near-term earnings and broader sector momentum are offsetting the positive sales and government-contract developments. Quantum Stocks Lag in 2026

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RGTI shares. Needham & Company LLC restated a “buy” rating and issued a $31.00 target price on shares of Rigetti Computing in a report on Tuesday, May 12th. Northland Securities began 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 on the stock. Weiss Ratings raised shares of Rigetti Computing from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 21st. Benchmark began coverage on Rigetti Computing in a research report on Monday, July 27th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Mizuho cut their price objective on Rigetti Computing from $33.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Rigetti Computing Price Performance

The business’s fifty day moving average price is $18.64 and its 200-day moving average price is $18.13. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of -19.00 and a beta of 1.99.

Rigetti Computing (NASDAQ:RGTI) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). Rigetti Computing had a negative net margin of 2,789.71% and a negative return on equity of 10.40%. The business had revenue of $5.14 million for the quarter, compared to the consensus estimate of $5.09 million. Equities research analysts predict that Rigetti Computing, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Activity at Rigetti Computing

In related news, Director Ray O. Johnson sold 122,188 shares of Rigetti Computing 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 in the company, valued at approximately $3,648,114.90. The trade was a 41.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey A. Bertelsen sold 3,682 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $22.95, for a total value of $84,501.90. Following the sale, the chief financial officer directly owned 171,927 shares in the company, valued at $3,945,724.65. The trade was a 2.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 728,901 shares of company stock worth $17,546,343 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Rigetti Computing

Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Rigetti Computing by 12.2% in the 4th quarter. Vanguard Group Inc. now owns 35,970,648 shares of the company’s stock worth $796,750,000 after buying an additional 3,924,171 shares during the period. State Street Corp grew its holdings in Rigetti Computing by 12.0% during the 2nd 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Rigetti Computing by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 7,879,325 shares of the company’s stock worth $174,930,000 after purchasing an additional 196,891 shares during the period. UBS Group AG increased its holdings in Rigetti Computing by 90.9% during the third quarter. UBS Group AG now owns 3,081,174 shares of the company’s stock valued at $91,788,000 after buying an additional 1,467,483 shares during the period. Finally, Northern Trust Corp lifted its holdings in Rigetti Computing by 16.3% during the third quarter. Northern Trust Corp now owns 2,846,095 shares of the company’s stock worth $84,785,000 after buying an additional 397,905 shares during the period. Hedge funds and other institutional investors own 35.38% of the company’s stock.

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.