Rigetti Computing, Inc. (NASDAQ:RGTI - Get Free Report) Director Michael S. Clifton sold 125,000 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $4.00, for a total value of $500,000.00. Following the transaction, the director now directly owns 1,188,864 shares of the company's stock, valued at $4,755,456. The trade was a 9.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Rigetti Computing Stock Up 37.7 %
Rigetti Computing stock opened at $4.38 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.84 and a current ratio of 4.84. The company has a 50-day moving average price of $1.45 and a 200 day moving average price of $1.13. Rigetti Computing, Inc. has a 12-month low of $1.13 and a 12-month high of $4.39.
Analyst Upgrades and Downgrades
RGTI has been the subject of a number of research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $2.00 target price on shares of Rigetti Computing in a report on Wednesday, November 13th. Benchmark reaffirmed a "buy" rating and set a $2.50 target price on shares of Rigetti Computing in a report on Thursday, November 14th. Finally, B. Riley upped their price target on Rigetti Computing from $3.50 to $4.00 and gave the company a "buy" rating in a research report on Monday, November 25th.
I was wrong. Dead wrong.
From Porter & Company | Ad
I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was.
Because here we are, a quarter of a century later, almost to the exact day, and it’s happening again.
Here’s the full story for you.
View Our Latest Research Report on Rigetti Computing
Institutional Trading of Rigetti Computing
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Rigetti Computing by 17.0% in the first quarter. Vanguard Group Inc. now owns 5,185,200 shares of the company's stock valued at $7,933,000 after acquiring an additional 753,110 shares during the last quarter. Cetera Advisors LLC acquired a new position in Rigetti Computing in the first quarter valued at approximately $38,000. SG Americas Securities LLC acquired a new position in Rigetti Computing in the second quarter valued at approximately $25,000. Comprehensive Financial Consultants Institutional Inc. acquired a new position in Rigetti Computing in the second quarter valued at approximately $27,000. Finally, Bank of New York Mellon Corp raised its holdings in Rigetti Computing by 3,788.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 410,705 shares of the company's stock valued at $439,000 after buying an additional 400,143 shares during the period. Institutional investors and hedge funds own 35.38% of the company's stock.
Rigetti Computing Company Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
