Rigetti Computing (NASDAQ:RGTI) CEO Sells $1,881,600.00 in Stock

September 11, 2026 by InsiderTrades.com

Key Points

CEO Subodh Kulkarni sold 120,000 Rigetti shares for approximately $1.88 million under a pre-arranged Rule 10b5-1 plan, reducing his direct ownership by 46.08% to 140,411 shares.
Rigetti’s stock opened at $15.16, well below its 50-day and 200-day moving averages, while the company continues to report losses despite quarterly revenue of $5.14 million and an expected full-year loss.
The company has potential government support, including a reported $100 million CHIPS award and possible minority equity investment, but analyst sentiment remains mixed: the consensus rating is Hold with an average price target of $30.67.

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

Rigetti Computing Stock Down 0.5%

Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle

Shares of RGTI stock opened at $15.16 on Friday. The company's fifty day simple moving average is $16.14 and its two-hundred day simple moving average is $17.64. Rigetti Computing, Inc. has a 52 week low of $12.53 and a 52 week high of $58.15. The stock has a market cap of $5.06 billion, a P/E ratio of -16.84 and a beta of 2.00.

Rigetti Computing (NASDAQ:RGTI - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). Rigetti Computing had a negative return on equity of 17.50% and a negative net margin of 2,189.54%.The firm had revenue of $5.14 million during the quarter, compared to analyst estimates of $5.09 million. On average, analysts anticipate that Rigetti Computing, Inc. will post -0.27 EPS for the current fiscal year.

Key Stories Impacting Rigetti Computing

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

Positive Sentiment: Rigetti secured a $100 million CHIPS award to expand quantum-computing production capabilities, including readout electronics, cryogenic systems and chip fabrication. The funding could accelerate scaling, reduce some capital constraints and strengthen the company’s position in the U.S. quantum supply chain. Rigetti Secures $100 Million CHIPS Award to Advance Quantum Scaling
Positive Sentiment: The Commerce Department is reportedly preparing up to $300 million in minority equity investments across Rigetti, D-Wave and Quantinuum. Potential direct government investment would reinforce Rigetti’s balance sheet and validate the strategic importance of quantum computing, though the final amount and terms remain important uncertainties. Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle
Neutral Sentiment: Reported September short interest was listed at zero shares, producing a zero-day short-interest ratio. The figures appear inconsistent with the accompanying claim of a significant increase, limiting their usefulness as a signal for RGTI’s trading outlook.
Negative Sentiment: CEO Subodh Kulkarni sold 120,000 shares for approximately $1.9 million, reducing his holdings by 46.08%. The transaction occurred under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but the reduced insider ownership may still weigh on sentiment. Rigetti CEO Form 4 Filing
Negative Sentiment: Analysts and financial commentators continue to highlight widening losses, uneven revenue and execution risks. Rigetti’s latest quarterly results showed a loss of $0.05 per share, while full-year losses are still expected, underscoring that government funding has not yet translated into sustainable profitability. Rising Losses Weigh on Rigetti’s Outlook
Negative Sentiment: Quantum stocks, including Rigetti, pulled back as expectations for another Federal Reserve rate move increased. Higher rates generally pressure speculative, long-duration companies such as RGTI by raising financing costs and reducing the present value investors assign to future growth. Quantum Stocks Fall as Rate-Hike Odds Climb

Institutional Investors Weigh In On Rigetti Computing

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RGTI. Sequoia Financial Advisors LLC lifted its stake in shares of Rigetti Computing by 5.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 65,906 shares of the company's stock valued at $1,273,000 after purchasing an additional 3,283 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Rigetti Computing during the 2nd quarter valued at approximately $365,000. NewEdge Advisors LLC raised its holdings in Rigetti Computing by 16.8% during the 2nd quarter. NewEdge Advisors LLC now owns 76,752 shares of the company's stock valued at $1,483,000 after buying an additional 11,058 shares during the period. IFP Advisors Inc lifted its position in Rigetti Computing by 85.5% in the second quarter. IFP Advisors Inc now owns 12,784 shares of the company's stock worth $247,000 after buying an additional 5,892 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Rigetti Computing by 116.0% during the second quarter. Allworth Financial LP now owns 9,987 shares of the company's stock worth $193,000 after buying an additional 5,363 shares during the period. 35.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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A number of research firms have issued reports on RGTI. Weiss Ratings raised 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. Wedbush assumed coverage on shares of Rigetti Computing in a research report on Monday, August 3rd. They issued an "outperform" rating and a $40.00 price target on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $40.00 price target on shares of Rigetti Computing in a research note on Friday, August 7th. Finally, Wall Street Zen lowered shares of Rigetti Computing from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $30.67.

View Our Latest Analysis on Rigetti Computing

About Rigetti Computing

(Get Free Report)

Rigetti Computing, Inc is a quantum computing company that develops full-stack quantum computing systems based on superconducting qubit technology. The company designs and manufactures quantum processors, develops the software needed to program and operate them, and provides access to its systems through cloud-based services.

Rigetti's offerings include its quantum processing units and integrated quantum computing systems, as well as the Rigetti Quantum Cloud Services platform. Through cloud access and partnerships, organizations can experiment with quantum algorithms and explore potential applications in areas such as optimization, simulation, machine learning and other computationally intensive fields.