Rigetti Computing, Inc. (NASDAQ:RGTI - Get Free Report) major shareholder Bessemer Venture Partners X. L. sold 713,886 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $1.52, for a total value of $1,085,106.72. Following the completion of the sale, the insider now owns 20,868,332 shares of the company's stock, valued at $31,719,864.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Rigetti Computing Price Performance
Shares of NASDAQ:RGTI opened at $1.49 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.29 and a current ratio of 4.29. The company has a market capitalization of $284.95 million, a PE ratio of -2.87 and a beta of 2.13. The stock has a fifty day moving average of $0.97 and a 200-day moving average of $1.01. Rigetti Computing, Inc. has a one year low of $1.13 and a one year high of $1.69.
Institutional Investors Weigh In On Rigetti Computing
Several hedge funds have recently modified their holdings of RGTI. SG Americas Securities LLC acquired a new stake in Rigetti Computing during the 2nd quarter worth about $25,000. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in shares of Rigetti Computing in the 2nd quarter valued at approximately $27,000. Cetera Advisors LLC acquired a new position in Rigetti Computing in the 1st quarter worth approximately $38,000. PEAK6 Investments LLC acquired a new position in Rigetti Computing in the 1st quarter worth approximately $40,000. Finally, Caprock Group LLC purchased a new position in Rigetti Computing during the 2nd quarter worth approximately $42,000. 35.38% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
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Several research analysts recently weighed in on the company. B. Riley assumed coverage on Rigetti Computing in a research note on Thursday, July 25th. They set a "buy" rating and a $3.00 target price for the company. Needham & Company LLC reduced their price objective on shares of Rigetti Computing from $3.00 to $2.00 and set a "buy" rating for the company in a research report on Friday, August 9th.
View Our Latest Report on RGTI
About Rigetti Computing
(
Get 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.
Further Reading
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