Insider selling: Rigetti Computing, Inc. (NASDAQ:RGTI) manager sells 8,000 shares of stock

Rigetti Computing, Inc. (Nasdaq: RGTIGet the ratingFilmmaker Alyssa Fitzgerald sold 8,000 shares of the company’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of 2.33 with a total value of 18,640.00. Following the sale, the director now directly owns 67,436 shares of the company’s stock, valued at approximately 1,7125.88. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through SEC . site.

Rigetti Computing Price Performance

shares Nasdaq: RGTI It traded as high as 0.01 during mid-day trading on Friday, reaching 2.29. The trading volume per share was 1,910.586 shares, compared to an average trading volume of 680,848 shares. The company has a trading ratio of 17.06, a quick ratio of 17.06 and a debt-to-equity ratio of 0.14. Register Rigetti Computing, Inc. One-year lows at 2.09 and one-year highs at 12.75. The business has a 50-day moving average of 4.08.

rigiti computing (Nasdaq: RGTIGet the rating) last posted its earnings results on Thursday, August 11th. The company reported -0.09 EPS for the quarter, below analyst consensus estimates of -0.06 by -0.03. On average, equity research analysts expected Rigetti Computing, Inc. It will report -0.41 earnings per share for the current fiscal year.

Institutional investors weigh in on Rigetti computing

Hedge funds recently made changes to their positions in the company. Penserra Capital Management LLC bought a new stake in shares of Rigetti Computing in the first quarter valued at approximately $26,000. Strs Ohio bought a new stake in Rigetti Computing during the second quarter for approximately $27,000. SG Americas Securities LLC bought a new stake in Rigetti Computing during the second quarter valued at approximately $41,000. Oppenheimer & Co. purchased a new stake in Rigetti Computing during the second quarter valued at approximately $55,000. Finally, American International Group Inc. A new stake in Rigetti Computing during the second quarter valued at approximately $55,000. 42.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts are promoted and lowered

A number of equities analysts have recently influenced RGTI’s stock. Benchmark lowered its price target on Rigetti Computing to $10.00 in a research note on Monday, August 15. Deutsche Bank Aktiengesellschaft began coverage of Rigetti Computing in a research note on Tuesday, August 9th. They issued a “buy” rating and a $10.00 price target for the company. Quinn began covering Rigetti Computing in a research note on Friday, May 27. They issued a “superior” rating for the company. Quinn began covering Rigetti Computing in a research note on Friday, May 27. They issued a “superior” rating for the company. Finally, Needham & Company LLC began coverage of Rigetti Computing in a research note on Tuesday, June 7. They issued a “buy” rating and a $11.00 price target for the company. Five investment analysts have rated the stock with a buy rating, according to data from MarketBeat.com, the stock currently has an average rating of “buy” and a unanimous price target of 10.33.

About Rigetti Computing

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Rigetti Computing, Inc. operates as an integrated systems company. The company makes quantum computers and the superconducting quantum processors that power them. Its hardware is integrated into a variety of public, private, and hybrid clouds through Quantum Cloud Services. The company was founded in 2013 and is headquartered in Berkeley, California.

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