<div id="readability-page-1"><p>Rigetti Computing, Inc. (NASDAQ:RGTI - Get Free Report)'s share price shot up 3.1% during mid-day trading on Friday . The company traded as high as $12.52 and last traded at $11.90. 32,690,724 shares changed hands during trading, a decline of 37% from the average session volume of 51,933,872 shares. The stock had previously closed at $11.54.</p><div><p><span></span><span>Get <strong>Rigetti Computing</strong> alerts:</span></p></div><h2>Wall Street Analyst Weigh In</h2><ul><li>D-Wave Quantum: Hidden Opportunity or Short Seller's Dream?</li></ul><p>A number of equities analysts recently issued reports on the company. Needham &amp; Company LLC cut their target price on Rigetti Computing from $17.00 to $15.00 and set a &#34;buy&#34; rating on the stock in a report on Wednesday. Alliance Global Partners  restated a &#34;buy&#34; rating on shares of Rigetti Computing in a research note on Thursday, March 6th. B. Riley raised their price objective on Rigetti Computing from $8.50 to $15.00 and gave the company a &#34;buy&#34; rating in a research note on Friday, February 14th. Finally, Benchmark  restated a &#34;buy&#34; rating and set a $14.00 price objective on shares of Rigetti Computing in a research note on Thursday. Five analysts have rated the stock with a buy rating,  According to data from MarketBeat.com, the stock  has an average rating of &#34;Buy&#34; and a consensus price target of $14.00.</p><p><b>View Our Latest Stock Analysis on Rigetti Computing</b></p><h2>Rigetti Computing Stock Up 2.0%</h2><ul><li>D-Wave Quantum Slides on Chip News: Opportunity to Buy?</li></ul><p>The firm has a market capitalization of $3.37 billion, a P/E ratio of -31.19 and a beta of 1.41. The company has a quick ratio of 4.84, a current ratio of 4.84 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of $9.21 and a 200 day simple moving average of $8.73. </p><p>Rigetti Computing (NASDAQ:RGTI - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported ($0.08) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.08). Rigetti Computing had a negative return on equity of 51.56% and a negative net margin of 509.58%. The company had revenue of $2.27 million for the quarter, compared to the consensus estimate of $2.40 million. During the same quarter in the prior year, the company earned ($0.04) earnings per share.  On average, equities analysts expect that  Rigetti Computing, Inc. will post -0.34 EPS for the current fiscal year. </p><h2>Insider Buying and Selling</h2><ul><li>IONQ &amp; RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead</li></ul><p>In other news, CTO David Rivas sold 351,785 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $7.76, for a total value of $2,729,851.60. Following the completion of the sale, the chief technology officer now directly owns 1,094,738 shares of the company's stock, valued at $8,495,166.88. This trade represents a 24.32% decrease in their position. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by company insiders. </p><h2>Institutional Trading of Rigetti Computing</h2><p>Several institutional investors and hedge funds have recently made changes to their positions in RGTI. Veracity Capital LLC purchased a new position in  Rigetti Computing in the fourth quarter valued at about $410,000.  Steward Partners Investment Advisory LLC purchased a new stake in  Rigetti Computing in the fourth quarter valued at approximately $83,000.  Barclays PLC lifted its holdings in  Rigetti Computing by 275.6% in the third quarter. Barclays PLC now owns 185,959 shares of the company's stock valued at $145,000 after acquiring an additional 136,443 shares during the period.  Stephens Inc. AR acquired a new position in  Rigetti Computing in the fourth quarter valued at approximately $229,000.  Finally, JPMorgan Chase &amp; Co. lifted its holdings in  Rigetti Computing by 3,295.7% in the fourth quarter. JPMorgan Chase &amp; Co. now owns 2,117,563 shares of the company's stock valued at $32,314,000 after acquiring an additional 2,055,203 shares during the period. 35.38% of the stock is currently owned by institutional investors. </p><h2>Rigetti Computing Company Profile</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>Featured Articles</h2><ul><li>Five stocks we like better than Rigetti Computing</li><li>Procter &amp; Gamble <span>NYSE: PG<span></span></span> Pulls Back After Shaky Guidance</li><li>Meta's 5 Key Pillars for AI Growth—Zuckerberg's Bold Vision</li><li>How to find penny stocks to invest and trade </li><li>Retail Investors Are Betting Big on Rocket Lab—Should You Too?</li><li>Unveiling The Power Of VWAP: A Key Indicator For Traders</li><li>GE Aerospace: Qatar Deal Fuels Multi-Billion Dollar Growth Engine</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. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Rigetti Computing Right Now?</h2><p>Before you consider Rigetti Computing, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rigetti Computing wasn't on the list.</p><p>While Rigetti Computing currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

RGTI

<p>Rigetti Computing (NASDAQ:RGTI) shares rose 3.1% to $11.90, with 32.69 million shares traded. Analysts have mixed views, with Needham lowering its target from $17 to $15 but maintaining a "buy" rating. B. Riley raised its target from $8.50 to $15.00, while Benchmark set a target of $14.00. The company reported earnings of ($0.08) per share, meeting expectations, with revenue of $2.27 million. Institutional investors hold 35.38% of the stock, and insider trading activity was noted with CTO David Rivas selling shares.</p>

Rigetti Computing (NASDAQ:RGTI) Trading Up 3.1% - Time to Buy?