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 Q3 regulatory filings by fund managers ($100M+ AUM)
69% more call options, than puts
Call options by funds: $597K | Put options by funds: $354K
50% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 20
36% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 14
4% more funds holding
Funds holding: 92 [Q2] → 96 (+4) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
3.98% less ownership
Funds ownership: 39.9% [Q2] → 35.92% (-3.98%) [Q3]
23% less capital invested
Capital invested by funds: $73.3M [Q2] → $56.7M (-$16.6M) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
B. Riley Securities Craig Ellis 31% 1-year accuracy 19 / 61 met price target | 14%downside $8.50 | Buy Maintained | 14 Jan 2025 |
Craig-Hallum Richard Shannon 79% 1-year accuracy 34 / 43 met price target | 22%upside $12 | Buy Initiated | 20 Dec 2024 |
Benchmark David Williams 57% 1-year accuracy 27 / 47 met price target | 75%downside $2.50 | Buy Reiterated | 14 Nov 2024 |
Needham Quinn Bolton 51% 1-year accuracy 67 / 131 met price target | 80%downside $2 | Buy Reiterated | 13 Nov 2024 |
Financial journalist opinion
Based on 93 articles about RGTI published over the past 30 days
