Alissa Fitzgerald Sells 20,000 Shares of Rigetti Computing, Inc. (NASDAQ:RGTI) Stock

Rigetti Computing, Inc. (NASDAQ:RGTI) Director Alissa Fitzgerald sold 20,000 shares of Rigetti Computing stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $0.95, for a total transaction of $19,000.00. Following the completion of the transaction, the director now directly owns 213,667 shares in the company, valued at $202,983.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Rigetti Computing Trading Up 1.0 %

NASDAQ RGTI opened at $0.91 on Thursday. The firm’s fifty day moving average price is $1.12 and its two-hundred day moving average price is $1.27. Rigetti Computing, Inc. has a fifty-two week low of $0.88 and a fifty-two week high of $3.43. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 0.06.

Rigetti Computing (NASDAQ:RGTI) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). The business had revenue of $3.05 million for the quarter. Rigetti Computing had a negative return on equity of 59.05% and a negative net margin of 563.97%. During the same quarter in the previous year, the business posted ($0.19) EPS. As a group, sell-side analysts forecast that Rigetti Computing, Inc. will post -0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Alliance Global Partners assumed coverage on shares of Rigetti Computing in a research note on Friday, March 1st. They issued a “buy” rating and a $3.50 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $3.00 price objective on shares of Rigetti Computing in a research note on Monday, May 13th. Finally, Benchmark reaffirmed a “buy” rating and set a $3.00 target price on shares of Rigetti Computing in a research note on Monday, May 13th.

Hedge Funds Weigh In On Rigetti Computing

A number of hedge funds have recently modified their holdings of the business. Cetera Advisors LLC acquired a new position in shares of Rigetti Computing during the first quarter worth $38,000. PEAK6 Investments LLC acquired a new position in shares of Rigetti Computing during the first quarter worth $40,000. Chesapeake Capital Corp IL acquired a new position in shares of Rigetti Computing during the fourth quarter worth $47,000. Brighton Jones LLC lifted its holdings in Rigetti Computing by 100.0% in the fourth quarter. Brighton Jones LLC now owns 123,532 shares of the company’s stock valued at $122,000 after buying an additional 61,766 shares during the period. Finally, Procyon Advisors LLC acquired a new position in Rigetti Computing in the fourth quarter valued at $65,000. Institutional investors and hedge funds own 35.38% of the company’s stock.

Rigetti Computing Company Profile

Rigetti Computing, Inc, through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service.