Rigetti (RGTI) slides 4.4% as recent quantum rally cools and traders reset expectations

Rigetti Computing, Inc. (RGTI) is down 4.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The day’s drop looks most consistent with a pullback in a high-volatility quantum-computing name after a sharp April run, rather than a single new company-specific headline. With the next results date approaching and short interest elevated, small shifts in risk appetite can translate into outsized moves.

Details:

Earlier in April, the company announced general availability of its 108-qubit Cepheus-1-108Q system, including access through its cloud platform and a major third-party quantum service, which likely helped drive recent momentum.

The company’s latest full-year update highlighted continued technology-roadmap progress alongside a business that remains early in commercialization, keeping sentiment sensitive to near-term milestones.

Rigetti’s next earnings release is widely tracked for mid-May, which can encourage pre-earnings repositioning and profit-taking after rallies.

Recent reported short interest levels were notable versus the float, a setup that can amplify both rallies and pullbacks as positioning shifts.

Sources:

GlobeNewswire, Rigetti Investor Relations, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$RGTI Insider Trading Activity

$RGTI insiders have traded $RGTI stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $RGTI stock by insiders over the last 6 months:

MICHAEL S. CLIFTON sold 150,000 shares for an estimated $4,100,805
ALISSA FITZGERALD sold 59,316 shares for an estimated $1,329,378
DAVID RIVAS (CHIEF TECHNOLOGY OFFICER) sold 41,935 shares for an estimated $1,104,555
JEFFREY A. BERTELSEN (CHIEF FINANCIAL OFFICER) sold 3,702 shares for an estimated $97,551

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$RGTI Hedge Fund Activity

We have seen 248 institutional investors add shares of $RGTI stock to their portfolio, and 233 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

D. E. SHAW & CO., INC. removed 9,245,100 shares (-72.4%) from their portfolio in Q4 2025, for an estimated $204,778,965
TIDAL INVESTMENTS LLC removed 4,748,785 shares (-99.8%) from their portfolio in Q4 2025, for an estimated $105,185,587
VANGUARD GROUP INC added 3,924,171 shares (+12.2%) to their portfolio in Q4 2025, for an estimated $86,920,387
PRICE T ROWE ASSOCIATES INC /MD/ removed 3,909,881 shares (-80.9%) from their portfolio in Q4 2025, for an estimated $86,603,864
VICTORY CAPITAL MANAGEMENT INC added 2,422,873 shares (+1632.5%) to their portfolio in Q4 2025, for an estimated $53,666,636
CANTOR FITZGERALD, L. P. removed 1,854,353 shares (-88.1%) from their portfolio in Q4 2025, for an estimated $41,073,918
NORGES BANK added 1,755,700 shares (+inf%) to their portfolio in Q4 2025, for an estimated $38,888,755

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$RGTI Analyst Ratings

Wall Street analysts have issued reports on $RGTI in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Wedbush issued a "Outperform" rating on 01/21/2026
Rosenblatt issued a "Buy" rating on 01/21/2026
Mizuho issued a "Outperform" rating on 12/11/2025
Benchmark issued a "Buy" rating on 11/12/2025

To track analyst ratings and price targets for $RGTI, check out Quiver Quantitative's $RGTI forecast page.

$RGTI Price Targets

Multiple analysts have issued price targets for $RGTI recently. We have seen 7 analysts offer price targets for $RGTI in the last 6 months, with a median target of $35.0.

Here are some recent targets:

David Williams from Benchmark set a target price of $25.0 on 03/20/2026
Vijay Rakesh from Mizuho set a target price of $43.0 on 03/05/2026
John McPeake from Rosenblatt set a target price of $40.0 on 03/05/2026
N. Quinn Bolton from Needham set a target price of $31.0 on 03/05/2026
Craig Ellis from B. Riley Securities set a target price of $35.0 on 01/22/2026
Antoine Legault from Wedbush set a target price of $40.0 on 01/21/2026
Kevin Garrigan from Jefferies set a target price of $30.0 on 12/16/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.