460,194 Shares in Rigetti Computing, Inc. $RGTI Purchased by M&T Bank Corp

Key Points

• M&T Bank Corp opened a new position in Rigetti by purchasing 460,194 shares (~$10.2M) in Q4, representing about 0.14% ownership.
• Analyst sentiment is mixed but overall positive: the consensus rating is Moderate Buy with an average price target of $30.64, while individual targets and ratings range roughly from $20 to $40.
• Rigetti posted a recent quarter with EPS of -$0.03 (beat estimates) but revenue of $1.87M (down 17.9% YoY) and a deeply negative net margin, highlighting ongoing profitability and execution risks amid notable stock volatility.

M&T Bank Corp bought a new position in Rigetti Computing, Inc. (NASDAQ:RGTI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 460,194 shares of the company's stock, valued at approximately $10,193,000. M&T Bank Corp owned approximately 0.14% of Rigetti Computing as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Rigetti Computing by 453.9% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 130,653 shares of the company's stock worth $2,914,000 after purchasing an additional 107,065 shares in the last quarter. Ticino Wealth bought a new stake in Rigetti Computing during the fourth quarter valued at approximately $1,268,000. TD Waterhouse Canada Inc. lifted its position in Rigetti Computing by 8.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 48,871 shares of the company's stock valued at $1,082,000 after purchasing an additional 3,624 shares during the last quarter. CWM LLC lifted its holdings in shares of Rigetti Computing by 9.0% in the 4th quarter. CWM LLC now owns 16,708 shares of the company's stock worth $370,000 after acquiring an additional 1,386 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Rigetti Computing by 8.3% in the 4th quarter. KBC Group NV now owns 9,309 shares of the company's stock worth $206,000 after acquiring an additional 716 shares during the last quarter. Hedge funds and other institutional investors own 35.38% of the company's stock.

Key Stories Impacting Rigetti Computing

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

• Positive Sentiment: Rigetti signed a new Berkeley lab/office sublease to expand lab capacity, which supports R&D scale-up and operations needed to deliver larger quantum systems and customer services. Rigetti Computing Signs New Berkeley Lab Space Sublease
• Positive Sentiment: Follow-up coverage highlights that a prior "buy-the-dip" call on RGTI has paid off for some investors, reinforcing bullish narrative and investor interest in the stock's recovery potential. One Year Later: Our ‘No-Brainer' Rigetti Call Doubled. What to Do Now.
• Neutral Sentiment: Northland Securities published FY2026 earnings projections for RGTI; analyst forecasts can reset expectations but will matter most if they differ materially from consensus or company guidance. Northland Securities Predicts RGTI FY2026 Earnings
• Negative Sentiment: Market headlines reported that RGTI shares fell sharply (greater than the broader market move) on April 23, signaling investor profit-taking or disappointment; the volatility underscores sensitivity to near-term revenue traction and execution. Rigetti Computing, Inc. (RGTI) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: Independent comparative/critical coverage contrasts Rigetti with larger incumbents (e.g., Block in the linked piece), which may amplify short-term negative sentiment among risk-averse investors. Block NYSE: XYZ versus Rigetti Computing NASDAQ: RGTI Critical Review

Analyst Ratings Changes

A number of equities research analysts recently commented on RGTI shares. Northland Securities started coverage on shares of Rigetti Computing in a report on Monday, April 20th. They set a "market perform" rating and a $20.00 price target for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Rigetti Computing in a report on Monday, December 29th. Rosenblatt Securities reiterated a "buy" rating and set a $40.00 price target on shares of Rigetti Computing in a report on Thursday, March 5th. TD Cowen lowered shares of Rigetti Computing from a "buy" rating to a "hold" rating in a report on Thursday, February 12th. Finally, Benchmark reduced their price objective on shares of Rigetti Computing from $35.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, March 20th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.64.

Rigetti Computing Trading Down 1.5%

Shares of Rigetti Computing stock opened at $16.62 on Friday. The company's fifty day simple moving average is $16.20 and its two-hundred day simple moving average is $24.25. The company has a market cap of $5.52 billion, a P/E ratio of -24.43 and a beta of 1.82. Rigetti Computing, Inc. has a 12-month low of $8.35 and a 12-month high of $58.15.

Rigetti Computing (NASDAQ:RGTI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. The business had revenue of $1.87 million for the quarter, compared to the consensus estimate of $2.33 million. Rigetti Computing had a negative net margin of 3,111.92% and a negative return on equity of 14.91%. The firm's revenue was down 17.9% on a year-over-year basis. Analysts predict that Rigetti Computing, Inc. will post -0.16 EPS for the current fiscal year.

Insiders Place Their Bets

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

Rigetti Computing 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.

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