Bessemer Venture Partners X. L. Sells 1,286,114 Shares of Rigetti Computing, Inc. (NASDAQ:RGTI) Stock

Rigetti Computing, Inc. (NASDAQ:RGTI) major shareholder Bessemer Venture Partners X. L. sold 1,286,114 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $1.52, for a total transaction of $1,954,893.28. Following the sale, the insider now owns 19,582,218 shares of the company’s stock, valued at approximately $29,764,971.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Rigetti Computing Stock Performance

Shares of RGTI opened at $1.70 on Thursday. Rigetti Computing, Inc. has a fifty-two week low of $1.13 and a fifty-two week high of $1.89. The firm has a 50 day moving average price of $0.98 and a 200-day moving average price of $1.02.

Institutional Investors Weigh In On Rigetti Computing

Several institutional investors have recently added to or reduced their stakes in RGTI. Penserra Capital Management LLC increased its holdings in Rigetti Computing by 9.8% during the 3rd quarter. Penserra Capital Management LLC now owns 4,553,633 shares of the company’s stock valued at $3,565,000 after purchasing an additional 407,389 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Rigetti Computing by 14.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,149,934 shares of the company’s stock valued at $901,000 after acquiring an additional 144,742 shares in the last quarter. SG Americas Securities LLC lifted its stake in Rigetti Computing by 166.9% in the third quarter. SG Americas Securities LLC now owns 63,202 shares of the company’s stock worth $49,000 after acquiring an additional 39,526 shares during the period. Point72 DIFC Ltd bought a new stake in Rigetti Computing in the second quarter valued at $88,000. Finally, XTX Topco Ltd boosted its holdings in Rigetti Computing by 1,121.1% in the second quarter. XTX Topco Ltd now owns 156,515 shares of the company’s stock valued at $167,000 after acquiring an additional 143,697 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently commented on RGTI shares. B. Riley upped their price target on shares of Rigetti Computing from $3.00 to $3.50 and gave the company a “buy” rating in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and set a $2.00 target price on shares of Rigetti Computing in a research report on Wednesday.

Rigetti Computing Company Profile

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.