Management Shakeup Hits Shares: Rigetti Computing announced key leadership transitions this month, moving David Rivas to chief operating officer and Andrew Bestwick to chief technology officer. The changes coincided with an nearly 8% drop in the stock during regular trading hours. Observers on social media noted that the firm appears to be emphasizing operational execution amid ongoing quantum development efforts.
Funding and Growth Signals Emerge: Recent posts highlighted a potential $100 million funding letter of intent alongside targets for 99.5% qubit fidelity. The company continues to report triple-digit revenue growth, drawing attention to its position in the quantum sector. A broader $2 billion federal commitment to quantum initiatives has also fueled mentions of the stock in market roundups.
Insider Activity Raises Questions: Discussions frequently point to substantial insider share sales totaling $74 million over three years with no corresponding purchases. Analysts on social media have weighed this against the firm's narrative-driven valuation and upcoming earnings catalyst. Overall sentiment remains mixed as participants balance optimism on sector tailwinds with concerns over execution risks.
Note: This discussion summary was generated from an AI condensation of post data.
Rigetti Computing Insider Trading Activity
Rigetti Computing insiders have traded $RGTI stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.
Here’s a breakdown of recent trading of $RGTI stock by insiders over the last 6 months:
- DAVID RIVAS (CHIEF OPERATING OFFICER) has made 0 purchases and 4 sales selling 527,125 shares for an estimated $13,263,310.
- RAY O JOHNSON has made 0 purchases and 3 sales selling 207,132 shares for an estimated $4,348,083.
- SUBODH K KULKARNI (President and CEO) has made 0 purchases and 2 sales selling 104,190 shares for an estimated $2,619,903.
- JEFFREY A. BERTELSEN (CHIEF FINANCIAL OFFICER) has made 0 purchases and 3 sales selling 7,542 shares for an estimated $149,675.
- ANDREW JOSEPH BESTWICK (CHIEF TECHNOLOGY OFFICER) sold 5,791 shares for an estimated $97,319
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 insider transaction endpoint.
Rigetti Computing Revenue
Rigetti Computing had revenues of $5.1M in Q2 2026. This is an increase of 185.29% from the same period in the prior year.
You can track RGTI financials on Quiver Quantitative's RGTI stock page.
You can access data on RGTI stock through the Quiver Quantitative API.
Rigetti Computing Hedge Fund Activity
We have seen 300 institutional investors add shares of Rigetti Computing stock to their portfolio, and 216 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HRT FINANCIAL LP removed 3,515,852 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $67,926,260
- BLACKROCK, INC. added 3,098,204 shares (+12.2%) to their portfolio in Q2 2026, for an estimated $59,857,301
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 2,842,839 shares (+inf%) to their portfolio in Q2 2026, for an estimated $54,923,649
- TWO SIGMA INVESTMENTS, LP removed 2,478,635 shares (-89.0%) from their portfolio in Q2 2026, for an estimated $47,887,228
- ALYESKA INVESTMENT GROUP, L.P. removed 1,990,719 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $38,460,691
- RENAISSANCE TECHNOLOGIES LLC removed 1,846,451 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $25,924,172
- D. E. SHAW & CO., INC. added 1,844,653 shares (+52.4%) to their portfolio in Q2 2026, for an estimated $35,638,695
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 13F endpoint.
Rigetti Computing Price Targets
Multiple analysts have issued price targets for $RGTI recently. We have seen 4 analysts offer price targets for $RGTI in the last 6 months, with a median target of $29.0.
Here are some recent targets:
- John McPeake from Rosenblatt set a target price of $40.0 on 06/11/2026
- N. Quinn Bolton from Needham set a target price of $31.0 on 05/12/2026
- Vijay Rakesh from Mizuho set a target price of $27.0 on 05/12/2026
- David Williams from Benchmark set a target price of $25.0 on 03/20/2026
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.
