GW&K Investment Management LLC Buys New Shares in Rigetti Computing, Inc. $RGTI

GW&K Investment Management LLC purchased a new stake in Rigetti Computing, Inc. (NASDAQ:RGTI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 373,795 shares of the company’s stock, valued at approximately $11,135,000. GW&K Investment Management LLC owned 0.12% of Rigetti Computing at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Rigetti Computing by 40.4% in the third quarter. Vanguard Group Inc. now owns 32,046,477 shares of the company’s stock valued at $954,665,000 after buying an additional 9,228,888 shares during the period. State Street Corp grew its position in Rigetti Computing by 12.0% during the second quarter. State Street Corp now owns 8,853,006 shares of the company’s stock worth $104,997,000 after buying an additional 946,850 shares in the last quarter. Marex Group plc bought a new position in Rigetti Computing during the second quarter valued at about $87,414,000. Geode Capital Management LLC increased its stake in Rigetti Computing by 22.9% during the second quarter. Geode Capital Management LLC now owns 6,484,155 shares of the company’s stock valued at $76,910,000 after acquiring an additional 1,206,925 shares during the period. Finally, Penserra Capital Management LLC raised its holdings in Rigetti Computing by 43.8% in the 3rd quarter. Penserra Capital Management LLC now owns 2,445,818 shares of the company’s stock valued at $72,860,000 after acquiring an additional 744,577 shares in the last quarter. 35.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the company. Benchmark reduced their price objective on Rigetti Computing from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of Rigetti Computing in a research note on Monday, December 29th. Mizuho decreased their target price on shares of Rigetti Computing from $50.00 to $43.00 and set an “outperform” rating on the stock in a research report on Thursday. Williams Trading set a $40.00 price objective on Rigetti Computing in a report on Tuesday, November 11th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $40.00 target price on shares of Rigetti Computing in a report on Thursday. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Rigetti Computing presently has an average rating of “Moderate Buy” and a consensus target price of $32.70.

Rigetti Computing Price Performance

RGTI opened at $17.01 on Friday. The firm has a 50 day simple moving average of $20.24 and a 200 day simple moving average of $25.75. Rigetti Computing, Inc. has a fifty-two week low of $6.86 and a fifty-two week high of $58.15. The company has a market cap of $5.61 billion, a price-to-earnings ratio of -25.01 and a beta of 1.71.

Rigetti Computing (NASDAQ:RGTI) last announced its quarterly earnings data on Wednesday, March 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $1.87 million for the quarter, compared to analysts’ expectations of $2.33 million. Rigetti Computing had a negative net margin of 3,111.92% and a negative return on equity of 14.91%. The firm’s revenue was down 17.9% on a year-over-year basis. As a group, analysts expect that Rigetti Computing, Inc. will post -0.34 EPS for the current year.

Rigetti Computing News Summary

Here are the key news stories impacting Rigetti Computing this week:

• Positive Sentiment: Management highlighted technical progress (including work toward larger qubit systems such as a 108?qubit roadmap) and other R&D milestones that support the company’s long?term growth narrative. Earnings Call Highlights
• Positive Sentiment: Rigetti beat EPS estimates for Q4 (reported -$0.03 vs. consensus -$0.05), narrowing losses year?over?year — a data point some investors view as evidence of improving unit economics if operating costs are controlled. Zacks: Q4 Results
• Positive Sentiment: Analyst coverage remains constructive: several firms reaffirmed buy/outperform ratings or maintained large upside price targets (Rosenblatt, Benchmark, Mizuho, Needham), signaling continued institutional conviction despite the quarter. Analyst Reaction / Upside Notes
• Neutral Sentiment: Broader industry optimism persists — Wall Street continues to treat quantum pure?plays as early?stage, high?upside thematic investments even as trajectories remain uncertain; that macro sentiment can buffer short?term weakness. Industry Primer
• Neutral Sentiment: New entrants and rival moves matter: a competing firm (Horizon Quantum) is set to go public via a SPAC, which could change competitive dynamics and investor comparisons in the near term. Competitor IPO
• Negative Sentiment: Revenue miss and margin pressure: Q4 revenue of ~$1.87M fell well short of analyst estimates (consensus ~\$2.3M), revenue declined year?over?year and operating losses widened as opex rose — the principal reason shares sold off after the print. Revenue Miss & Margins
• Negative Sentiment: Near?term sentiment turned negative as investors and some desks pared outlooks and digested the revenue shortfall; several headlines and trading desks noted the stock slid after the report. Market Reaction

About Rigetti Computing

Rigetti Computing is a pioneering quantum computing company that designs and manufactures superconducting quantum processors alongside a complementary software stack. Founded in 2013 by CEO Chad Rigetti, the company has developed end-to-end quantum systems—from cryogenic hardware to control electronics—to advance the performance and scalability of quantum machines.

At the core of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which enables developers and enterprises to access quantum processing units (QPUs) and hybrid quantum-classical workflows via the cloud.