Rigetti Computing, Inc. (NASDAQ:RGTI – Get Rating ) CEO Richard Danis sold 10,019 shares of the company’s stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of 1.03, for a total transaction of 10,319.57. After the sale, the chief executive officer directly owns 485,461 shares in the company, valued at approximately 500,024.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link.
Richard Danis also recently made the following trade(s):
- On Friday, December 9th, Richard Danis sold 6,274 shares of Rigetti Computer stock. The shares were sold at an average price of 1.01, for a total transaction of 6,336.74.
Rigetti Computer Stock Performance
Shares of Rigetti Computing stock traded down 0.03 during trading on Friday, hitting 0.99. The stock had a trading volume of 669,900 shares, compared to its average volume of 718,392. The firm’s fifty-day simple moving average is 1.60 and its 200-day simple moving average is 3.44. The company has a debt to equity ratio of 0.14, a current ratio of 10.40 and a quick ratio of 10.40. Rigetti Computing, Inc. has a 12-month low of 0.98. and a 12-month high of 11.37.
Rigetti Computing (NASDAQ:RGTI – Get Rating) last issued its earnings results on Monday, November 21st. The company reported -0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of -0.10 by -0.06. The firm had revenue of 2.80 million for the quarter, compared to analyst expectations of 3.31 million. As a group, equities analysts expect that Rigetti Computing, Inc. will -0.54 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on RGTI shares. Benchmark downgraded shares of Rigetti Computing from a “buy” rating to a “hold” rating in a research note on Thursday, November 10th. Needham & Company LLC reduced their price target on shares of Rigetti Computing from $11.00 to $3.00 and set a “buy” rating on the stock in a research note on Tuesday, November 15th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Rigetti Computing from a “buy” rating to a “hold” rating and decreased their price target for the company from $10.00 to $2.00 in a research note on Thursday, November 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of 4.33.
Institutional Investors Weighing In On Rigetti Computing
Institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC bought a new position in Rigetti Computing in the 1st quarter worth approximately $26,000. Strs Ohio bought a new position in Rigetti Computing in the 2nd quarter valued at about $27,000. Oppenheimer & Co. expanded. Inc. its stake in Rigetti Computing by 70.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 25,587 shares of the company’s stock worth $48,000 after buying an additional 10,587 shares during the period. SG Americas Securities LLC bought a new position in Rigetti Computing in the 2nd quarter worth approximately $41,000. Finally, Moors & Cabot Inc. was purchased. a new position in Rigetti Computing in the 1st quarter worth approximately $75,000. Institutional investors own 42.96% of the company’s stock.
About Rigetti Computing
Rigetti Computing, Inc operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated in various public, private or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.
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