Rigetti ComputingRGTI
About: Rigetti Computing Inc is engaged in the business of full-stack quantum computing. Its proprietary quantum-classical infrastructure provides ultra-low latency integration with public and private clouds for high-performance practical quantum computing. The company has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. Geographically, it derives a majority of its revenue from the United States.
Employees: 144
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
47% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 17
2.96% more ownership
Funds ownership: 36.32% [Q1] → 39.28% (+2.96%) [Q2]
2% more funds holding
Funds holding: 90 [Q1] → 92 (+2) [Q2]
8% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 26
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
18% less capital invested
Capital invested by funds: $87.7M [Q1] → $72.2M (-$15.6M) [Q2]
26% less call options, than puts
Call options by funds: $344K | Put options by funds: $466K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Needham Quinn Bolton 45% 1-year accuracy 46 / 103 met price target | 110%upside $2 | Buy Maintained | 9 Aug 2024 |
B. Riley Securities Craig Ellis 28% 1-year accuracy 15 / 53 met price target | 215%upside $3 | Buy Initiated | 25 Jul 2024 |
Financial journalist opinion
Based on 8 articles about RGTI published over the past 30 days