Rigetti Computing (NASDAQ:RGTI) CEO Subodh Kulkarni Sells 120,000 Shares of Stock

Key Points

• CEO Subodh Kulkarni sold 120,000 Rigetti shares for approximately $1.88 million at an average price of $15.68 under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 46.08% to 140,411 shares.
• Rigetti’s stock fell 0.5% to $15.16, well below its 50-day and 200-day moving averages. The company remains unprofitable, reporting a $0.05-per-share loss and $5.14 million in quarterly revenue.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $30.67, while potential government funding—including a $100 million CHIPS award—could support Rigetti’s quantum-computing expansion.

Rigetti Computing, Inc. (NASDAQ:RGTI - Get Free Report) CEO Subodh Kulkarni sold 120,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $15.68, for a total value of $1,881,600.00. Following the sale, the chief executive officer owned 140,411 shares in the company, valued at approximately $2,201,644.48. This trade represents a 46.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rigetti Computing Stock Down 0.5%

RGTI traded down $0.08 during trading on Thursday, hitting $15.16. The company's stock had a trading volume of 14,672,088 shares, compared to its average volume of 31,181,828. The firm's 50 day moving average price is $16.20 and its two-hundred day moving average price is $17.65. Rigetti Computing, Inc. has a 12 month low of $12.53 and a 12 month high of $58.15. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of -16.84 and a beta of 2.00.

Rigetti Computing (NASDAQ:RGTI - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). Rigetti Computing had a negative return on equity of 17.50% and a negative net margin of 2,189.54%.The company had revenue of $5.14 million for the quarter, compared to analysts' expectations of $5.09 million. On average, sell-side analysts forecast that Rigetti Computing, Inc. will post -0.27 earnings per share for the current year.

Trending Headlines about Rigetti Computing

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

• Positive Sentiment: Rigetti secured a $100 million CHIPS award to expand quantum-computing infrastructure, including readout electronics, cryogenic capacity and chip fabrication. The funding could accelerate production scaling and reduce some capital constraints. Rigetti Secures $100 Million CHIPS Award to Advance Quantum Scaling
• Positive Sentiment: The Commerce Department reportedly plans up to $300 million in minority equity investments across Rigetti, D-Wave and Quantinuum. Potential government ownership would strengthen balance sheets, validate the sector and improve the funding outlook for Rigetti’s long-term roadmap. Uncle Sam’s Quantum Leap
• Neutral Sentiment: Several reports describe the CHIPS Act and broader quantum-manufacturing incentives as a potential catalyst for the industry. However, the benefits depend on how quickly funding converts into commercially viable systems and recurring revenue. Quantum Stocks Are Climbing as CHIPS Act Cash Pours In
• Negative Sentiment: Analysts continue to flag widening losses, uneven revenue and execution risk. Rigetti’s recent results included a loss of roughly $0.05 per share and revenue of about $5.14 million, underscoring that government backing has not yet solved the company’s profitability challenge. Rising Losses Weigh on Rigetti’s Outlook
• Negative Sentiment: Quantum stocks also pulled back as expectations for another Federal Reserve rate move increased. Higher rates tend to weigh on speculative, long-duration companies such as RGTI, while skepticism remains about the timeline for meaningful quantum commercialization. Quantum Stocks Fall as Rate-Hike Odds Climb

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Jefferies Financial Group restated a "hold" rating and issued a $18.00 price objective on shares of Rigetti Computing in a research report on Friday, August 7th. Wall Street Zen lowered shares of Rigetti Computing from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Rigetti Computing from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, September 2nd. Zacks Research lowered shares of Rigetti Computing from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 19th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $40.00 price objective on shares of Rigetti Computing in a research report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $30.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RGTI. State Street Corp increased its holdings in Rigetti Computing by 12.0% in the second quarter. State Street Corp now owns 8,853,006 shares of the company's stock valued at $104,997,000 after purchasing an additional 946,850 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Rigetti Computing by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 7,879,325 shares of the company's stock worth $174,930,000 after buying an additional 196,891 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Rigetti Computing by 1,861.8% during the second quarter. California State Teachers Retirement System now owns 7,414,688 shares of the company's stock worth $143,252,000 after buying an additional 7,036,733 shares during the last quarter. UBS Group AG grew its position in shares of Rigetti Computing by 90.9% during the 3rd quarter. UBS Group AG now owns 3,081,174 shares of the company's stock worth $91,788,000 after buying an additional 1,467,483 shares during the period. Finally, Northern Trust Corp grew its position in shares of Rigetti Computing by 16.3% during the 3rd quarter. Northern Trust Corp now owns 2,846,095 shares of the company's stock worth $84,785,000 after buying an additional 397,905 shares during the period. 35.38% of the stock is currently owned by institutional investors.

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.

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