<div id="readability-page-1"><p>Rigetti Computing, Inc. (NASDAQ:RGTI - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $2.40, but opened at $2.52. Rigetti Computing shares last traded at $3.03, with a volume of 72,084,647 shares traded.</p><div><p><span></span><span>Get <strong>Rigetti Computing</strong> alerts:</span></p></div><h2>Analyst Upgrades and Downgrades</h2><ul><li>2 Cheap Quantum Computing Stocks to Buy Instead of Chasing IonQ </li></ul><p>A number of analysts have recently issued reports on RGTI shares. Needham &amp; Company LLC  reiterated a &#34;buy&#34; rating and set a $2.00 target price on shares of Rigetti Computing in a report on Wednesday, November 13th. Benchmark  reiterated a &#34;buy&#34; rating and set a $2.50 price objective on shares of Rigetti Computing in a research note on Thursday, November 14th. Finally, B. Riley increased their price objective on shares of Rigetti Computing from $3.50 to $4.00 and gave the stock a &#34;buy&#34; rating in a research report on Monday.</p><p><b>View Our Latest Stock Analysis on RGTI</b></p><h2>Rigetti Computing Trading Up 27.1 %</h2><p>The firm has a fifty day moving average of $1.22 and a 200 day moving average of $1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.84 and a current ratio of 4.84. The firm has a market capitalization of $586.50 million, a PE ratio of -7.26 and a beta of 2.13. </p><h2>Insider Buying and Selling</h2><p>In related news, Director Helene Gail Sandford sold 43,200 shares of Rigetti Computing stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $0.82, for a total value of $35,424.00. Following the completion of the sale, the director now owns 257,752 shares in the company, valued at approximately $211,356.64. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is accessible through this link. Also, Director Michael S. Clifton sold 125,000 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $3.00, for a total transaction of $375,000.00. Following the completion of the sale, the director now directly owns 1,313,864 shares in the company, valued at $3,941,592. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,748,325 shares of company stock valued at $4,396,028 in the last quarter. Company insiders own  2.81% of the company's stock. </p><h2>Institutional Investors Weigh In On Rigetti Computing</h2><p>Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in  Rigetti Computing in the second quarter worth about $25,000.  Comprehensive Financial Consultants Institutional Inc. acquired a new position in shares of  Rigetti Computing in the 2nd quarter worth approximately $27,000.  Cetera Advisors LLC bought a new stake in shares of  Rigetti Computing in the 1st quarter valued at approximately $38,000.  PEAK6 Investments LLC bought a new stake in shares of  Rigetti Computing in the 1st quarter valued at approximately $40,000.  Finally, Caprock Group LLC acquired a new stake in shares of  Rigetti Computing during the 2nd quarter valued at approximately $42,000. Institutional investors own  35.38% of the company's stock. </p><h2>About Rigetti Computing</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Rigetti Computing</li><li>What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story</li><li>The Latest 13F Filings Are In: See Where Big Money Is Flowing</li><li>Comparing and Trading High PE Ratio Stocks</li><li>3 Penny Stocks Ready to Break Out in 2025</li><li>REIT Stocks - Best REIT Stocks to Add to Your Portfolio Today</li><li>FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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RGTI

<p>Rigetti Computing (NASDAQ:RGTI) shares gapped up from $0.40 to $0.52 before trading on Friday, with a last traded price of $0.03 and a volume of over 72 million shares. Analysts from Needham & Company and Benchmark reiterated 'buy' ratings with target prices of $1.00 and $0.50, respectively. The company has a market cap of $50 million and a PE ratio of -7.26. Recent insider sales included significant transactions by directors, and institutional investors now hold 35.38% of the stock.</p>

Rigetti Computing (NASDAQ:RGTI) Shares Gap Up - Time to Buy?