SG Americas Securities LLC Acquires 36,343 Shares of Rigetti Computing, Inc. $RGTI

SG Americas Securities LLC grew its holdings in shares of Rigetti Computing, Inc. (NASDAQ:RGTI) by 176.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,938 shares of the company’s stock after buying an additional 36,343 shares during the period. SG Americas Securities LLC’s holdings in Rigetti Computing were worth $1,261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in RGTI. Vanguard Group Inc. grew its stake in shares of Rigetti Computing by 40.4% in the 3rd quarter. Vanguard Group Inc. now owns 32,046,477 shares of the company’s stock worth $954,665,000 after buying an additional 9,228,888 shares during the last quarter. State Street Corp raised its stake in Rigetti Computing by 12.0% during the second quarter. State Street Corp now owns 8,853,006 shares of the company’s stock valued at $104,997,000 after buying an additional 946,850 shares during the last quarter. UBS Group AG boosted its holdings in Rigetti Computing by 90.9% in the third quarter. UBS Group AG now owns 3,081,174 shares of the company’s stock worth $91,788,000 after acquiring an additional 1,467,483 shares in the last quarter. Northern Trust Corp boosted its holdings in Rigetti Computing by 16.3% in the third quarter. Northern Trust Corp now owns 2,846,095 shares of the company’s stock worth $84,785,000 after acquiring an additional 397,905 shares in the last quarter. Finally, Penserra Capital Management LLC grew its stake in shares of Rigetti Computing by 43.8% in the third quarter. Penserra Capital Management LLC now owns 2,445,818 shares of the company’s stock worth $72,860,000 after acquiring an additional 744,577 shares during the last quarter. Institutional investors own 35.38% of the company’s stock.

Trending Headlines about Rigetti Computing

Here are the key news stories impacting Rigetti Computing this week:

• Positive Sentiment: Rigetti announced general availability of its 108‑qubit Cepheus‑1‑108Q (chiplet-based scaling), now accessible via Rigetti QCS and Amazon Braket — a validation of its scaling architecture that should help sales, partner engagement and cloud usage growth. Rigetti Announces General Availability of 108-Qubit System
• Positive Sentiment: Rigetti delivered a 9‑qubit Novera QPU to the University of Saskatchewan and inked a USask deal to build a quantum system — signals of expanding academic/on‑prem adoption that increase long‑term platform credibility and potential recurring on‑prem revenue. Rigetti Delivers Novera QPU to USask for Quantum System Build
• Neutral Sentiment: Wall Street coverage includes bullish analyst commentary and broader thematic pieces highlighting quantum/AI opportunity; such coverage can support long‑term investor interest but doesn’t move near‑term fundamentals. Is It Worth Investing in Rigetti Computing (RGTI) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Macro/theme piece: analysts note an “AI‑quantum supercycle” and identify quantum players as longer‑term ideas — supportive backdrop but high uncertainty and long commercialization timelines. AI-Quantum Supercycle: 4 Stocks to Watch in April With 50%+ Upside
• Negative Sentiment: Mizuho cut price targets on quantum stocks (~25%), triggering a sectorwide selloff that hit Rigetti alongside peers; such analyst downgrades can cause immediate downward pressure regardless of company‑specific progress. IonQ, D-Wave, Rigetti stocks tumble as Mizuho slashes price targets by 25%
• Negative Sentiment: Market reports note RGTI closed lower today amid the broader quantum pullback; near‑term volatility is high as commercialization timelines and revenue visibility remain limited. Rigetti Computing, Inc. (RGTI) Stock Drops Despite Market Gains: Important Facts to Note

Rigetti Computing Stock Performance

RGTI stock opened at $13.84 on Wednesday. Rigetti Computing, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $58.15. The business’s 50-day moving average is $16.28 and its two-hundred day moving average is $25.56. The company has a market cap of $4.60 billion, a price-to-earnings ratio of -20.35 and a beta of 1.82.

Rigetti Computing (NASDAQ:RGTI) last posted its earnings results on Wednesday, March 4th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Rigetti Computing had a negative return on equity of 14.91% and a negative net margin of 3,111.92%.The company had revenue of $1.87 million for the quarter, compared to the consensus estimate of $2.33 million. The business’s quarterly revenue was down 17.9% on a year-over-year basis. Equities analysts predict that Rigetti Computing, Inc. will post -0.34 earnings per share for the current year.

Insider Transactions at Rigetti Computing

In other Rigetti Computing news, CTO David Rivas sold 36,719 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $17.52, for a total value of $643,316.88. Following the transaction, the chief technology officer owned 651,914 shares of the company’s stock, valued at approximately $11,421,533.28. This represents a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeffrey A. Bertelsen sold 4,270 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $17.52, for a total value of $74,810.40. Following the completion of the transaction, the chief financial officer directly owned 175,609 shares in the company, valued at $3,076,669.68. This trade represents a 2.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded Rigetti Computing from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Rigetti Computing in a research report on Monday, December 29th. Royal Bank Of Canada lowered shares of Rigetti Computing to a “hold” rating in a research note on Thursday, January 22nd. Mizuho reduced their price objective on shares of Rigetti Computing from $50.00 to $43.00 and set an “outperform” rating for the company in a research note on Thursday, March 5th. Finally, Jefferies Financial Group initiated coverage on shares of Rigetti Computing in a research note on Tuesday, December 16th. They set a “hold” rating and a $30.00 price objective for the company. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.70.

Rigetti Computing Company Profile

Rigetti Computing is a pioneering quantum computing company that designs and manufactures superconducting quantum processors alongside a complementary software stack. Founded in 2013 by CEO Chad Rigetti, the company has developed end-to-end quantum systems—from cryogenic hardware to control electronics—to advance the performance and scalability of quantum machines.

At the core of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which enables developers and enterprises to access quantum processing units (QPUs) and hybrid quantum-classical workflows via the cloud.