2 weeks Ago By Defense World Staff
Bank of Montreal Can bought a new position in shares of Rigetti Computing, Inc. (NASDAQ:RGTI – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 22,343 shares of the company’s stock, valued at approximately $341,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RGTI. Envestnet Asset Management Inc. bought a new position in Rigetti Computing during the fourth quarter worth about $456,000.
Thoroughbred Financial Services LLC acquired a new stake in Rigetti Computing during the fourth quarter worth approximately $175,000. Geode Capital Management LLC boosted its stake in Rigetti Computing by 6.3% in the 4th quarter.
Geode Capital Management LLC now owns 3,850,220 shares of the company’s stock valued at $58,767,000 after purchasing an additional 228,391 shares during the period. Diametric Capital LP acquired a new position in shares of Rigetti Computing in the fourth quarter valued at about $363,000. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Rigetti Computing in the fourth quarter valued at about $204,000.
35.38% of the stock is owned by institutional investors. Insider Buying and SellingIn other news, CTO David Rivas sold 351,785 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th.
The shares were sold at an average price of $7.76, for a total value of $2,729,851.60.
Following the transaction, the chief technology officer now owns 1,094,738 shares in the company, valued at approximately $8,495,166.88. The trade was a 24.
32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.
81% of the stock is owned by insiders. Analysts Set New Price TargetsRGTI has been the topic of a number of analyst reports. B.
Riley increased their price target on Rigetti Computing from $8.50 to $15.00 and gave the stock a “buy” rating in a research report on Friday, February 14th.
Needham & Company LLC reaffirmed a “buy” rating and issued a $17.00 target price on shares of Rigetti Computing in a report on Thursday, March 6th. Benchmark reiterated a “buy” rating and issued a $14.
00 target price on shares of Rigetti Computing in a research report on Thursday, March 6th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Rigetti Computing in a research report on Thursday, March 6th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.
com, Rigetti Computing currently has a consensus rating of “Buy” and an average price target of $14.50.View Our Latest Stock Analysis on Rigetti ComputingRigetti Computing Stock Up 6.
7 %NASDAQ:RGTI opened at $9.15 on Thursday. The company has a debt-to-equity ratio of 0.
02, a current ratio of 4.84 and a quick ratio of 4.84.
Rigetti Computing, Inc. has a one year low of $0.66 and a one year high of $21.
42. The firm’s 50 day simple moving average is $9.02 and its 200 day simple moving average is $7.
74. The company has a market cap of $2.61 billion, a PE ratio of -24.
07 and a beta of 1.41. Rigetti Computing (NASDAQ:RGTI – Get Free Report) last announced its earnings results on Wednesday, March 5th.
The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08).
Rigetti Computing had a negative return on equity of 51.56% and a negative net margin of 509.58%.
The business had revenue of $2.27 million during the quarter, compared to analyst estimates of $2.40 million.
During the same period last year, the company earned ($0.04) EPS. On average, research analysts anticipate that Rigetti Computing, Inc.
will post -0.34 earnings per share for the current year. About Rigetti Computing (Free Report)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.Featured StoriesFive stocks we like better than Rigetti Computing3 Warren Buffett Stocks to Buy NowCan IBM’s Q1 Earnings Spark a Breakout for the Stock?P/E Ratio Calculation: How to Assess StocksS&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry?Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real TimeFundamentally Sound, These 5 Stocks Sold Off AnywayWant to see what other hedge funds are holding RGTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rigetti Computing, Inc.
(NASDAQ:RGTI – Free Report)..
