Rigetti Computing (NASDAQ:RGTI) Price Target Raised to $3.50

Rigetti Computing (NASDAQ:RGTI) had its target price boosted by B. Riley from $3.00 to $3.50 in a research note published on Wednesday,Benzinga reports. B. Riley currently has a buy rating on the stock.

Separately, Needham & Company LLC reiterated a “buy” rating and set a $2.00 price objective on shares of Rigetti Computing in a research report on Wednesday.

Rigetti Computing Trading Up 14.1 %

Rigetti Computing stock opened at $1.70 on Wednesday. The stock has a 50-day moving average price of $0.98 and a 200 day moving average price of $1.02. Rigetti Computing has a 52 week low of $1.13 and a 52 week high of $1.89.

Insider Buying and Selling at Rigetti Computing

In other Rigetti Computing news, Director Helene Gail Sandford sold 43,200 shares of Rigetti Computing stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $0.82, for a total value of $35,424.00. Following the completion of the sale, the director now owns 257,752 shares in the company, valued at $211,356.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Bessemer Venture Partners X. L. sold 1,286,114 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $1.52, for a total transaction of $1,954,893.28. Following the completion of the sale, the insider now owns 19,582,218 shares in the company, valued at approximately $29,764,971.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Helene Gail Sandford sold 43,200 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $0.82, for a total value of $35,424.00. Following the sale, the director now owns 257,752 shares of the company’s stock, valued at $211,356.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,043,200 shares of company stock worth $3,075,424 in the last 90 days.

Institutional Trading of Rigetti Computing

A number of institutional investors have recently modified their holdings of RGTI. SG Americas Securities LLC purchased a new stake in shares of Rigetti Computing during the 2nd quarter worth about $25,000. Comprehensive Financial Consultants Institutional Inc. acquired a new position in Rigetti Computing during the 2nd quarter worth approximately $27,000. Cetera Advisors LLC acquired a new position in Rigetti Computing during the 1st quarter worth approximately $38,000. PEAK6 Investments LLC acquired a new position in Rigetti Computing during the 1st quarter worth approximately $40,000. Finally, Caprock Group LLC acquired a new position in Rigetti Computing during the 2nd quarter worth approximately $42,000.

About Rigetti Computing

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.