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Director Thomas J Iannotti of Rigetti Computing, Inc. (NASDAQ:RGTI) sold 100,000 shares of common stock on September 12, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $19.5002, with individual sales prices ranging from $19.50 to $19.51, resulting in a total transaction value of $1.95 million. The transaction comes as RGTI shows remarkable momentum, with InvestingPro data indicating a 2,139% return over the past year and the stock trading near its 52-week high of $21.42.
On the same day, Iannotti also exercised options to acquire 100,000 shares of Rigetti Computing common stock at a price of $1.17 per share, for a total of $117,000. This transaction was related to stock options.
Following the sale, Iannotti directly owns 14,902 shares of Rigetti Computing.
The transactions were executed under a pre-arranged Rule 10b5-1 trading plan, which was adopted on May 15, 2025. For deeper insights into RGTI’s valuation and 13 additional ProTips, including detailed financial health metrics, visit InvestingPro.
In other recent news, Rigetti Computing reported its second-quarter 2025 earnings, revealing a revenue of $1.8 million, which fell short of the forecasted $1.87 million. The company’s earnings per share (EPS) also missed expectations, recording a loss of $0.05. Despite these results, several analysts have shown optimism regarding Rigetti’s future. Benchmark raised its price target for Rigetti Computing to $20, citing strong second-quarter results and progress on its chiplet-based scaling strategy. Cantor Fitzgerald also increased its price target to $18, highlighting the market potential and maintaining an Overweight rating. Needham reiterated its Buy rating and set a price target of $18, noting that Rigetti’s revenue exceeded its own projections. These developments reflect the growing interest and potential in Rigetti’s quantum computing advancements.
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