Rigetti Computing (NASDAQ:RGTI) Releases Quarterly Earnings Results

Rigetti Computing (NASDAQ:RGTIGet Rating) posted its quarterly earnings results on Monday. The company reported -0.41 EPS for the quarter, reports. The firm had revenue of 2.10 million during the quarter.

NASDAQ RGTI opened at 7.68 on Wednesday. Rigetti Computing has a 52 week low of 5.41 and a 52 week high of 12.75. The business’s fifty day moving average is 6.53.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC purchased a new stake in Rigetti Computing in the 1st quarter valued at about $26,000. Allen Operations LLC purchased a new stake in Rigetti Computing in the 1st quarter valued at about $68,000. Moors & Cabot Inc. purchased a new stake in Rigetti Computing in the 1st quarter valued at about $75,000. Ergoteles LLC purchased a new stake in Rigetti Computing in the 1st quarter valued at about $80,000. Finally, Visionary Wealth Advisors purchased a new stake in Rigetti Computing in the 1st quarter valued at about $86,000. Hedge funds and other institutional investors own 64.75% of the company’s stock.

Separately, Benchmark reduced their price target on Rigetti Computing from $19.00 to $16.00 in a report on Wednesday.

About Rigetti Computing (Get Rating)

Rigetti Computing, Inc operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.

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