Michael Clifton Sells Shares of Rigetti Computing

Michael Clifton, an insider at Rigetti Computing, Inc. (NASDAQ: RGTI), sold 4,361 shares on June 12, 2026. The shares were sold at an average price of $10.91, amounting to a total transaction value of $47,578.51. This transaction was not part of a pre-planned trading program.

Insider Buying and Selling at Rigetti Computing, Inc.

Michael Clifton was active in trading Rigetti Computing shares, selling 4,361 shares on June 12, 2026, at $10.91 per share. Additionally, on June 15, 2026, he sold 94,733 shares at $12 per share. On the buying side, Clifton and other insiders, including Alissa Fitzgerald and Thomas Iannotti, each acquired 9,208 shares on June 9, 2026.

Other Institutional Activity in Rigetti Computing

In recent institutional activity, BlackRock, Inc. trimmed its position in Rigetti Computing by 709,175 shares, ending with 25,435,282 shares worth about $357.1 million. Vanguard Portfolio Management LLC entered a new position with 19,466,522 shares valued at $273.3 million. D. E. Shaw & Co., Inc. significantly increased its holdings by 10,402,657 shares, reaching a total of 13,922,073 shares valued at $195.5 million. Meanwhile, State Street Corp added 1,083,238 shares, bringing its holdings to 10,138,079 shares worth approximately $142.3 million.

Rigetti Computing Stock Snapshot

Shares of Rigetti Computing are trading around $20.98. The company has a market capitalization of approximately $7.55 billion. While it isn't profitable, resulting in no meaningful P/E ratio, the stock's beta is 1.902, indicating higher volatility compared to the market. Rigetti's 52-week trading range is between $10.30 and $58.15, with a 50-day moving average of $19.43 and a 200-day moving average of $23.68.

Recent Earnings

Rigetti Computing posted revenue of $10.02 million, with a growth rate of 198.9%. However, the company reported a net margin of zero and a return on equity of -57.1%. The next earnings report is expected on August 12, 2026.

Analysts Set New Price Targets

Analysts continue to show strong support for Rigetti Computing. On June 11, 2026, Rosenblatt maintained its 'buy' rating with a price target of $40. Mizuho also maintained a 'buy' rating with a target of $27 on May 12, 2026. The consensus among analysts is a 'buy' recommendation, with a mean price target of $29.24 based on 12 analyst opinions.

About Rigetti Computing

Rigetti Computing, Inc. is a technology company based in Berkeley, California, specializing in quantum computing. Founded in 2013, it operates in the computer hardware industry, building and running quantum computers and superconducting quantum processors. Rigetti offers quantum computing as a service, providing access to its systems via the cloud. The company serves a variety of clients, including commercial enterprises, government organizations, and academic institutions worldwide. Dr. Subodh K. Kulkarni, Ph.D., leads the company as CEO.

Bottom Line

Insider trading activities like those of Michael Clifton can offer insights into the company's internal sentiment. Rigetti Computing remains a focus for investors due to its innovative position in the quantum computing space. Analysts' consistent 'buy' ratings suggest confidence in the company's future potential. However, it's important to remember that these insights are based on past data and may not reflect current positions.