Free Trial

Vontobel Holding Ltd. Invests $542,000 in Rigetti Computing, Inc. (NASDAQ:RGTI)

Rigetti Computing logo with Computer and Technology background

Vontobel Holding Ltd. bought a new position in shares of Rigetti Computing, Inc. (NASDAQ:RGTI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 68,415 shares of the company's stock, valued at approximately $542,000.

Several other large investors also recently bought and sold shares of the stock. Signaturefd LLC purchased a new stake in shares of Rigetti Computing in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC acquired a new stake in Rigetti Computing in the fourth quarter valued at approximately $28,000. Tucker Asset Management LLC purchased a new position in Rigetti Computing in the fourth quarter valued at approximately $32,000. Orion Capital Management LLC purchased a new position in Rigetti Computing in the fourth quarter valued at approximately $46,000. Finally, GAMMA Investing LLC increased its stake in Rigetti Computing by 1,813.0% in the first quarter. GAMMA Investing LLC now owns 3,233 shares of the company's stock valued at $26,000 after purchasing an additional 3,064 shares during the last quarter. Hedge funds and other institutional investors own 35.38% of the company's stock.

Rigetti Computing Trading Up 2.2%

NASDAQ RGTI traded up $0.30 during trading on Monday, reaching $13.75. 50,166,468 shares of the company's stock were exchanged, compared to its average volume of 59,126,005. The firm has a market capitalization of $3.99 billion, a PE ratio of -19.64 and a beta of 1.43. Rigetti Computing, Inc. has a fifty-two week low of $0.66 and a fifty-two week high of $21.42. The company's fifty day simple moving average is $11.52 and its 200-day simple moving average is $11.02.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald started coverage on Rigetti Computing in a report on Wednesday, July 2nd. They set an "overweight" rating and a $15.00 price target for the company. Needham & Company LLC cut their target price on shares of Rigetti Computing from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Finally, Benchmark reissued a "buy" rating and issued a $14.00 target price on shares of Rigetti Computing in a research note on Thursday, May 15th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $14.20.

View Our Latest Stock Report on Rigetti Computing

Rigetti Computing Profile

(Free Report)

Rigetti Computing, Inc, through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service.

Featured Stories

Institutional Ownership by Quarter for Rigetti Computing (NASDAQ:RGTI)

Should You Invest $1,000 in Rigetti Computing Right Now?

Before you consider Rigetti Computing, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rigetti Computing wasn't on the list.

While Rigetti Computing currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
5 Stocks to BUY NOW in July 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines