RGTI Rigetti Computing, Inc.

bearish · high conviction track record → $16.87 +1.74 (+11.5%)
Mkt Cap $5B 52wk $7.81 - $58.15 Earnings 2026-05-12 1d ago
Insider selling: $57,138,063 sold by 12 insiders (30d)
Est. revisions: +0.0%
Backed by structured data (insider trades, analyst ratings, or filings)
Factor Model & Position History (net -1.4)

Factor Model

net -1.4 3.0 / 10
Est. Revisions
+0.0
Insider Activity
+0.0
Momentum
+0.0
Analyst Rev.
-1.0
Narrative Gap
+0.0

Rigetti launches Cepheus quantum computer

Watch: Watch for commercial partnerships and revenue growth nearing $3M quarterly to confirm market acceptance of the new quantum computer.

Full analysis

Rigetti launched its Cepheus quantum computer in April 2026, briefly lifting investor sentiment amid a prolonged downtrend. The stock trades at ~$15, down 75% from its 52-week high of $58.15 but up 88% from the $7.81 low. Q4 2025 revenue was $1.9M with GAAP net losses of $18.2M, while insider KULKARNI SUBODH K sold $12M of shares at $12 each.

The launch signals technical innovation but ongoing heavy losses and strong insider selling present substantial hurdles to commercial traction and stock upside.

Evidence

Fundamentals & Data ▾
Rigetti Computing, Inc. Technology · Computer Hardware
Mkt Cap
$5B
Beta
1.83
52w Range
$7.81 - $58.15
Short Interest
45.4M 13.74%
Days to Cover
1.6 -12%
Technicals downtrend
from 52w Hi
0.0%
1w return
+21.9%
Insiders
selling 0B / 14S
EPS Estimate
$-0.04 +0.0% 30d 0up / 4dn
Est. Dispersion
23% 7 analysts
Analyst Target
$32 $16 - $43
Options P/C
0.23 3C / 3P unusual
Insider Cluster
strong sell 0B / 8S
Fund Convergence
strong Citadel, Renaissance, D.E. Shaw
Financials
Revenue
$2M -18% YoY
FCF
$-19M
Gross Margin
35%
Op Margin
-1210%
Momentum: decelerating
Top Holders
Citadel $226M
Renaissance $41M
D.E. Shaw $22M
Recent Filings & Data
insider trade 67
net selling · $57,138,063 sold
12 insiders · 67 transactions (30d)
Recent transactions
RIVAS DAVID · award
RIVAS DAVID · sell · $643,321
BERTELSEN JEFFREY A · sell · $74,804
FITZGERALD ALISSA · sell · $1,329,378
CLIFTON MICHAEL S. · sell · $4,100,805
RIVAS DAVID · sell · $1,104,555
BERTELSEN JEFFREY A · sell · $97,551
SANDFORD HELENE GAIL · sell · $2,782,889
SANDFORD HELENE GAIL · sell · $436,440
SANDFORD HELENE GAIL · sell · $463,585
IANNOTTI THOMAS J · sell · $1,950,020
IANNOTTI THOMAS J · exercise · $117,000
JOHNSON RAY O · sell · $2,525,900
CLIFTON MICHAEL S. · sell · $1,425,150
CLIFTON MICHAEL S. · sell · $1,539,340
RIVAS DAVID · sell · $658,472
BERTELSEN JEFFREY A · sell · $58,149
IANNOTTI THOMAS J · sell · $1,669,870
CLIFTON MICHAEL S. · sell · $425,000
JOHNSON RAY O · sell · $606,300
CLIFTON MICHAEL S. · sell · $375,000
FITZGERALD ALISSA · sell · $981,986
FITZGERALD ALISSA · award
SANDFORD HELENE GAIL · award
SANDFORD HELENE GAIL · sell · $532,952
IANNOTTI THOMAS J · award
JOHNSON RAY O · award
CLIFTON MICHAEL S. · award
CLIFTON MICHAEL S. · sell · $888,000
RIVAS DAVID · sell · $532,801
BERTELSEN JEFFREY A · sell · $2,696,335
KULKARNI SUBODH K · sell · $12,004,400
KULKARNI SUBODH K · exercise · $963,800
BERTELSEN JEFFREY A · exercise · $131,250
RIVAS DAVID · sell · $2,508,632
RIVAS DAVID · sell · $2,730,907
MCCARTHY CATHY L · sell · $1,200,240
RIVAS DAVID · award
BERTELSEN JEFFREY A · award
JOHNSON RAY O · exercise · $26,757
CLIFTON MICHAEL S. · sell · $750,000
CLIFTON MICHAEL S. · sell · $628,750
CLIFTON MICHAEL S. · sell · $500,000
CLIFTON MICHAEL S. · sell · $217,500
RIVAS DAVID · sell · $144,661
BESSEMER VENTURE PARTNERS X L.P. · sell · $1,081,118
BESSEMER VENTURE PARTNERS X L.P · sell · $1,081,118
DANIS RICHARD · sell · $9,272
MCCARTHY CATHY L · sell · $78,000
BESSEMER VENTURE PARTNERS X L.P. · sell · $3,040,000
BESSEMER VENTURE PARTNERS X L.P · sell · $3,040,000
SANDFORD HELENE GAIL · sell · $35,424
SANDFORD HELENE GAIL · sell · $17,372
FITZGERALD ALISSA · sell · $13,835
RIVAS DAVID · sell · $34,485
DANIS RICHARD · sell · $5,509
FITZGERALD ALISSA · sell · $16,400
FITZGERALD ALISSA · sell · $21,800
FITZGERALD ALISSA · sell · $19,000
FITZGERALD ALISSA · award
FITZGERALD ALISSA · sell · $50,000
SANDFORD HELENE GAIL · award
MCCARTHY CATHY L · award
JOHNSON RAY O · award
CLIFTON MICHAEL S. · award
RIVAS DAVID · sell · $5,940
DANIS RICHARD · sell · $5,097
Filing analysis pending — next scan runs every 12 hours
Transcript analysis coming soon
12 signals · latest 17h ago

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