36,287 Shares in Rigetti Computing, Inc. (NASDAQ:RGTI) Acquired by Silverleafe Capital Partners LLC

Silverleafe Capital Partners LLC bought a new stake in Rigetti Computing, Inc. (NASDAQ:RGTI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 36,287 shares of the company's stock, valued at approximately $554,000.

Several other large investors have also modified their holdings of the stock. Caprock Group LLC bought a new position in Rigetti Computing during the 2nd quarter worth approximately $42,000. Arete Wealth Advisors LLC bought a new position in Rigetti Computing during the third quarter worth $45,000. SG Americas Securities LLC boosted its holdings 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 purchasing an additional 39,526 shares during the period. JPMorgan Chase & Co. increased its stake in Rigetti Computing by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 62,360 shares of the company's stock valued at $49,000 after purchasing an additional 2,045 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in Rigetti Computing during the second quarter valued at $88,000. Institutional investors own 35.38% of the company's stock.

Rigetti Computing Stock Performance

RGTI traded up $0.49 during trading hours on Monday, hitting $19.51. The company's stock had a trading volume of 131,678,013 shares, compared to its average volume of 160,655,328. The company has a 50-day simple moving average of $5.78 and a 200 day simple moving average of $2.63. The company has a current ratio of 4.84, a quick ratio of 4.84 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $3.75 billion, a PE ratio of -51.34 and a beta of 1.31. Rigetti Computing, Inc. has a fifty-two week low of $0.66 and a fifty-two week high of $21.42.

Insider Transactions at Rigetti Computing

In related news, Director Michael S. Clifton sold 125,000 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $5.03, for a total transaction of $628,750.00. Following the sale, the director now owns 1,063,864 shares of the company's stock, valued at $5,351,235.92. The trade was a 10.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Bessemer Venture Partners X. L. sold 1,286,114 shares of the company'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 value of $1,954,893.28. Following the completion of the sale, the insider now owns 19,582,218 shares of the company's stock, valued at $29,764,971.36. This trade represents a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,955,125 shares of company stock valued at $5,489,354. 2.81% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on RGTI shares. B. Riley lifted their price target on shares of Rigetti Computing from $3.50 to $4.00 and gave the company a "buy" rating in a report on Monday, November 25th. Benchmark reaffirmed a "buy" rating and set a $2.50 target price on shares of Rigetti Computing in a report on Thursday, November 14th. Needham & Company LLC reissued a "buy" rating and issued a $2.00 price target on shares of Rigetti Computing in a report on Wednesday, November 13th. Finally, Craig Hallum assumed coverage on Rigetti Computing in a research report on Friday, December 20th. They set a "buy" rating and a $12.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $4.80.

About Rigetti Computing

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.