Rigetti Computing, Inc. (NASDAQ:RGTI – Get Rating) Director Chad Rigetti sold 102,280 shares in a trade on Monday, December 12. The stock was sold at an average price of 0.97, for a total value of 99,211.60. Following the transaction, the administrator now owns 9,016,480 shares of the company, valued at approximately 8,745,985.60. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website.
Chad Rigetti also recently made the following trade(s):
- On Friday, December 9, Chad Rigetti sold 114,553 shares of Rigetti Computing. The stock was sold at an average price of 1.01, for a total value of 115,698.53.
- On Wednesday, December 7, Chad Rigetti sold 182,904 Rigetti Computing shares. The stock was sold at an average price of 1.03, for a total value of 188,391.12.
Rejections Price performance calculation
Shares of the NASDAQ RGTI traded up 0.02 at midday Wednesday, hitting 0.99. The company had a trading volume of 1,357,776 shares, compared to an average volume of 727,224. The company has a quick ratio of 10.40, a current ratio of 10.40 and a leverage ratio of 0.14 . Rigetti Computing, Inc. has a one-year low of 0.93 and a one-year high of 11.37. The company’s 50-day simple moving average is 1.56 and its 200-day simple moving average is 3.26.
Rigetti Computing (NASDAQ:RGTI – Get Rating) last reported results on Monday, November 21. The company reported -0.16 earnings per share (EPS) for the quarter, missing consensus analyst estimates of -0.10 from -0.06. The company posted revenue of 2.80 million in the quarter, compared to 3.31 million expected by analysts. As a group, sell-side analysts expect Rigetti Computing, Inc. to post -0.54 EPS for the current fiscal year.
Institutional entries and exits
Hedge funds and other institutional investors have recently been buying and selling shares of the company. Penserra Capital Management LLC bought a new position in Rigetti Computing in the first quarter worth approximately $26,000. Strs Ohio bought a new position in Rigetti Computing in the second quarter worth about $27,000. SG Americas Securities LLC acquired a new equity stake in Rigetti Computing during the second quarter valued at approximately $41,000. Moors & Cabot Inc. acquired a new stake in shares of Rigetti Computing during the first quarter valued at approximately $75,000. Finally, Ergoteles LLC acquired a new equity stake in Rigetti Computing during the first quarter valued at approximately $80,000. Institutional investors hold 42.96% of the company’s shares.
Wall Street analysts predict growth
RGTI has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Rigetti Computing from a buy to a hold rating and lowered its price target for the stock from $10.00 to $2.00 in a Thursday research report November 10. The benchmark moved Rigetti Computing from a “buy” rating to a “hold” rating in a Thursday, November 10 research report. Finally, Needham & Company LLC cut its price target on Rigetti Computing from $11.00 to $3.00 and set a “buy” rating on the stock in a Tuesday, November 15 research report. Two investment analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of 4.33.
Discharge Calculation Company Profile
(Get an evaluation)
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 via its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.
See also
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.
Before you consider Rigetti Computing, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Rigetti Computing didn’t make the list.
Although Rigetti Computing currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here
#Chad #Rigetti #sells #shares #Rigetti #Computing #NASDAQ #RGTI