<div id="readability-page-1"><p>Rigetti Computing, Inc. (NASDAQ:RGTI - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $13.15, but opened at $12.50. Rigetti Computing shares last traded at $12.08, with a volume of 7,431,699 shares trading hands.</p><div><p><span></span><span>Get <strong>Rigetti Computing</strong> alerts:</span></p></div><h2>Analyst Upgrades and Downgrades</h2><ul><li>How Does D-Wave Stack Up Against Quantum Competitors?</li></ul><p>RGTI has been the topic of several recent analyst reports. Needham &amp; Company LLC decreased their price target on Rigetti Computing from $17.00 to $15.00 and set a &#34;buy&#34; rating on the stock in a research note on Wednesday, May 14th. B. Riley increased their target price on shares of Rigetti Computing from $8.50 to $15.00 and gave the stock a &#34;buy&#34; rating in a research note on Friday, February 14th. Alliance Global Partners  reiterated a &#34;buy&#34; rating on shares of Rigetti Computing in a research report on Thursday, March 6th. Finally, Benchmark  reaffirmed a &#34;buy&#34; rating and set a $14.00 price objective on shares of Rigetti Computing in a research report on Thursday, May 15th. Five equities research analysts have rated the stock with a buy rating,  Based on data from MarketBeat, the company presently has an average rating of &#34;Buy&#34; and a consensus price target of $14.00.</p><p><b>Check Out Our Latest Research Report on Rigetti Computing</b></p><h2>Rigetti Computing Price Performance</h2><ul><li>D-Wave Quantum: Hidden Opportunity or Short Seller's Dream?</li></ul><p>The company's 50-day simple moving average is $9.89 and its 200 day simple moving average is $9.54. 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 company has a market cap of $3.55 billion, a PE ratio of -32.17 and a beta of 1.41. </p><p>Rigetti Computing (NASDAQ:RGTI - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). The firm had revenue of $2.27 million during the quarter, compared to analysts' expectations of $2.40 million. Rigetti Computing had a negative return on equity of 51.56% and a negative net margin of 509.58%. During the same period in the previous year, the firm posted ($0.04) EPS.  On average, sell-side analysts predict that  Rigetti Computing, Inc. will post -0.34 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling</h2><ul><li>D-Wave Quantum Slides on Chip News: Opportunity to Buy?</li></ul><p>In other Rigetti Computing news, CTO David Rivas sold 351,785 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $7.76, for a total value of $2,729,851.60. Following the sale, the chief technology officer now directly owns 1,094,738 shares of the company's stock, valued at approximately $8,495,166.88. This represents a 24.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.90% of the stock is owned by insiders. </p><h2>Hedge Funds Weigh In On Rigetti Computing</h2><p>A number of institutional investors and hedge funds have recently modified their holdings of RGTI. Signaturefd LLC purchased a new stake in  Rigetti Computing during the 4th quarter worth about $25,000.  GAMMA Investing LLC raised its position in shares of  Rigetti Computing by 1,813.0% during the 1st quarter. GAMMA Investing LLC now owns 3,233 shares of the company's stock worth $26,000 after acquiring an additional 3,064 shares in the last quarter.  EverSource Wealth Advisors LLC purchased a new stake in  Rigetti Computing during the fourth quarter worth approximately $28,000.  Center for Financial Planning Inc. purchased a new stake in  Rigetti Computing during the first quarter worth approximately $30,000.  Finally, Quarry LP acquired a new position in  Rigetti Computing in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own  35.38% of the company's stock. </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>See Also</h2><ul><li>Five stocks we like better than Rigetti Computing</li><li>Most active stocks: Dollar volume vs share volume</li><li>Super Micro Computer Stock Finding Upside With NVIDIA's Blackwell</li><li>What is the S&amp;P/TSX Index?</li><li>Ackman Takes a Swing at Amazon — Should You? </li><li>What Do S&amp;P 500 Stocks Tell Investors About the Market? </li><li>Taiwan Semiconductor: Time to Buy After Strong NVIDIA Results?</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 gapped down from $13.15 to $12.50 before trading at $12.08, with a volume of 7,431,699 shares. Analysts have mixed views, with Needham lowering its price target from $17.00 to $15.00, while B. Riley raised theirs from $8.50 to $15.00. The company reported a quarterly EPS of ($0.08) and revenue of $2.27 million, slightly below expectations. Institutional investors hold 35.38% of the stock, and recent insider selling has occurred. Rigetti specializes in quantum computing and offers cloud-based quantum processing services.</p>

Rigetti Computing (NASDAQ:RGTI) Shares Gap Down - What's Next?