<div id="readability-page-1"><p>Rathbones Group PLC purchased a new position in shares of  Rigetti Computing, Inc. (NASDAQ:RGTI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor  purchased 12,061 shares of the company's stock, valued at approximately $143,000.</p><div><p><span></span><span>Get <strong>Rigetti Computing</strong> alerts:</span></p></div><ul><li>Does the Trump-Induced Quantum Stock Rally Have Legs?</li></ul><p>Other large investors have also recently added to or reduced their stakes in the company. Harel Insurance Investments &amp; Financial Services Ltd. raised its stake in shares of  Rigetti Computing by 20.0% during the 2nd quarter. Harel Insurance Investments &amp; Financial Services Ltd. now owns 6,000 shares of the company's stock worth $71,000 after buying an additional 1,000 shares in the last quarter.  IFP Advisors Inc lifted its stake in  Rigetti Computing by 146.1% in the 2nd quarter. IFP Advisors Inc now owns 2,190 shares of the company's stock valued at $26,000 after buying an additional 1,300 shares in the last quarter.  Stratos Wealth Partners LTD. lifted its position in shares of  Rigetti Computing by 9.8% in the second quarter. Stratos Wealth Partners LTD. now owns 15,048 shares of the company's stock valued at $178,000 after acquiring an additional 1,342 shares in the last quarter.  Center for Financial Planning Inc. lifted its holdings in  Rigetti Computing by 35.5% in the 2nd quarter. Center for Financial Planning Inc. now owns 5,137 shares of the company's stock valued at $61,000 after purchasing an additional 1,345 shares in the last quarter.  Finally, US Bancorp DE lifted its stake in shares of  Rigetti Computing by 29.4% during the first quarter. US Bancorp DE now owns 6,248 shares of the company's stock valued at $49,000 after buying an additional 1,420 shares during the period. 35.38% of the stock is owned by hedge funds and other institutional investors. </p><h2>Insider Activity</h2><p>In other news, Director Helene Gail Sandford sold 62,000 shares of the company's stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $44.89, for a total transaction of $2,783,180.00. Following the completion of the transaction, the director directly owned 120,371 shares of the company's stock, valued at approximately $5,403,454.19. This represents a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Also, Director Michael S. Clifton sold 75,000 shares of the company's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $19.00, for a total transaction of $1,425,000.00. Following the transaction, the director owned 653,766 shares of the company's stock, valued at $12,421,554. This represents a 10.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 454,204 shares of company stock valued at $10,300,876 over the last quarter. </p><h2>Rigetti Computing Price Performance</h2><ul><li>Quantum Computing Stocks Are on Fire: 3 to Watch Right Now</li></ul><p>NASDAQ RGTI opened at $31.40 on Wednesday. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of -24.15 and a beta of 1.64. Rigetti Computing, Inc. has a 12 month low of $1.25 and a 12 month high of $58.15. The company's fifty day moving average price is $33.80 and its two-hundred day moving average price is $20.48. </p><p>Rigetti Computing (NASDAQ:RGTI - Get Free Report) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. Rigetti Computing had a negative return on equity of 23.39% and a negative net margin of 4,741.49%.The firm had revenue of $1.95 million for the quarter, compared to analysts' expectations of $2.17 million. The company's revenue was down 18.1% compared to the same quarter last year.  As a group, analysts anticipate that  Rigetti Computing, Inc. will post -0.34 EPS for the current year. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>Will D-Wave's European Expansion Keep Fueling the Rally?</li></ul><p>A number of equities research analysts have recently commented on RGTI shares. Needham &amp; Company LLC lifted their price objective on Rigetti Computing from $15.00 to $18.00 and gave the company a &#34;buy&#34; rating in a research report on Monday, August 4th. Alliance Global Partners  reaffirmed a &#34;buy&#34; rating on shares of Rigetti Computing in a research note on Tuesday. Benchmark  reissued a &#34;buy&#34; rating on shares of Rigetti Computing in a research report on Tuesday. Weiss Ratings  reaffirmed a &#34;sell (e+)&#34; rating on shares of Rigetti Computing in a research note on Wednesday, October 8th. Finally, Industrial Alliance Securities  set a $18.00 price objective on shares of Rigetti Computing in a research note on Wednesday, July 16th. Five research analysts have rated the stock with a Buy rating, one  has issued  a Hold rating and one  has assigned  a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $27.86.</p><p><b>Get Our Latest Analysis on Rigetti Computing</b></p><h2>Rigetti Computing Company Profile</h2> (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>Upcoming IPO Stock Lockup Period, Explained</li><li>CoreWeave's Guidance Cut: A Buying Opportunity in Disguise?</li><li>The Risks of Owning Bonds</li><li>Strategy Shares Plunge as Bitcoin Retreats—More Pain Ahead?</li><li>What is a Bond Market Holiday? How to Invest and Trade</li><li>BigBear.ai Stock Is Range-Bound—Wall Street Isn’t Buying the Hype</li></ul><p><strong>Want to see what other hedge funds are holding RGTI?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rigetti Computing, Inc. (NASDAQ:RGTI - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UkdUSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UkdUSQ"/></p><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 reporting and unbiased coverage. 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 Moderate 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>Rathbones Group PLC has acquired a new position in Rigetti Computing, Inc. (NASDAQ:RGTI), purchasing 12,061 shares valued at approximately $143,000 in Q2. Other institutional investors have also adjusted their stakes in the company. Notably, Director Helene Gail Sandford sold 62,000 shares, reducing her ownership by 34%. Rigetti's stock opened at $31.40, with a market cap of $10.18 billion. The company reported a quarterly EPS of ($0.03), beating estimates, but revenue fell 18.1% year-over-year. Analysts maintain a "buy" rating on the stock, with price targets ranging from $15.00 to $18.00.</p>

Rathbones Group PLC Purchases New Holdings in Rigetti Computing, Inc. $RGTI