Rigetti Computing (RGTI) to Release Earnings on Tuesday

Key Points

• Rigetti Computing is expected to release its Q2 2025 earnings on August 12th, with analysts predicting earnings of ($0.06) per share and revenue of $1.87 million.
• The company's stock saw a trading increase to $16.27 with a market cap of $4.72 billion and a price-to-earnings ratio of -23.15.
• Recent analyst ratings reflect a consensus "Buy" rating, with a price target ranging from $14.00 to $19.00 for Rigetti Computing shares.

Rigetti Computing (NASDAQ:RGTI - Get Free Report) is anticipated to release its Q2 2025 earnings data after the market closes on Tuesday, August 12th. Analysts expect Rigetti Computing to post earnings of ($0.06) per share and revenue of $1.87 million for the quarter.

Rigetti Computing Stock Performance

NASDAQ RGTI traded up $0.51 during trading on Tuesday, reaching $16.27. The company's stock had a trading volume of 31,427,717 shares, compared to its average volume of 72,496,055. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of -23.15 and a beta of 1.44. Rigetti Computing has a twelve month low of $0.66 and a twelve month high of $21.42. The business's fifty day moving average price is $13.12 and its 200-day moving average price is $11.26.

Insider Activity at Rigetti Computing

In other Rigetti Computing news, Director Ray O. Johnson sold 40,420 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $15.00, for a total transaction of $606,300.00. Following the completion of the sale, the director owned 419,756 shares of the company's stock, valued at $6,296,340. This trade represents a 8.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael S. Clifton sold 25,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $15.00, for a total value of $375,000.00. Following the sale, the director directly owned 853,766 shares of the company's stock, valued at $12,806,490. This represents a 2.84% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

Institutional Trading of Rigetti Computing

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in shares of Rigetti Computing by 197.8% during the first quarter. NewEdge Advisors LLC now owns 25,592 shares of the company's stock worth $203,000 after purchasing an additional 16,998 shares during the last quarter. Focus Partners Wealth lifted its stake in Rigetti Computing by 91.9% in the first quarter. Focus Partners Wealth now owns 40,814 shares of the company's stock valued at $323,000 after buying an additional 19,544 shares during the period. AQR Capital Management LLC increased its holdings in shares of Rigetti Computing by 138.9% during the first quarter. AQR Capital Management LLC now owns 81,047 shares of the company's stock valued at $642,000 after acquiring an additional 47,115 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Rigetti Computing by 25.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,409 shares of the company's stock valued at $890,000 after acquiring an additional 22,770 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Rigetti Computing by 106.2% during the first quarter. Royal Bank of Canada now owns 220,701 shares of the company's stock valued at $1,748,000 after acquiring an additional 113,644 shares in the last quarter. 35.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RGTI has been the topic of a number of recent analyst reports. B. Riley boosted their price target on shares of Rigetti Computing from $15.00 to $19.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Cantor Fitzgerald began coverage on shares of Rigetti Computing in a research note on Wednesday, July 2nd. They set an "overweight" rating and a $15.00 price objective on the stock. Alliance Global Partners reissued a "buy" rating on shares of Rigetti Computing in a research report on Wednesday, July 16th. Industrial Alliance Securities set a $18.00 price objective on shares of Rigetti Computing in a report on Wednesday, July 16th. Finally, Benchmark restated a "buy" rating and set a $14.00 price target on shares of Rigetti Computing in a research report on Thursday, May 15th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Rigetti Computing presently has a consensus rating of "Buy" and an average target price of $16.00.

Rigetti Computing Company Profile

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.

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