Quantum computing continues to be a frontier of technological advancement, attracting both institutional investors and insider activity. Rigetti Computing ($RGTI), a key player in the quantum sector, has recently experienced significant insider trading and hedge fund movement, raising questions about its future trajectory.
Insider Trading Insights: $RGTI Executives and Large Shareholders Sell Shares
Recent SEC filings reveal that David Rivas, the Chief Technology Officer (CTO) of $RGTI, sold 351,785 shares on March 11, 2025, for an estimated $2,730,906. This sale represents approximately 24.3% of his holdings in this class of stock, leaving him with 1,094,738 shares.
Insider trading activity over the last six months highlights a trend of heavy selling with no purchases, suggesting potential concerns or profit-taking among company executives and large stakeholders:
- VENTURE PARTNERS X L.P. BESSEMER: 4 sales totaling 2,666,993 shares for an estimated $4,121,117.
- David Rivas (CTO): 3 sales totaling 441,631 shares for an estimated $2,875,568.
- Michael S. Clifton: 4 sales totaling 500,000 shares for an estimated $2,253,750.
- Cathy L. McCarthy: Sold 50,000 shares for an estimated $78,000.
- Helene Gail Sandford: 2 sales totaling 66,362 shares for an estimated $52,795.
- Richard Danis (General Counsel & Corp. Sec.): Sold 5,982 shares for an estimated $9,272.
Hedge Fund Movements: Institutional Investors Adjusting Positions
Hedge funds and institutional investors have been actively reshuffling their portfolios in $RGTI, reflecting mixed sentiment about its growth prospects:
Major Hedge Fund Reductions
- DEER MANAGEMENT CO. LLC: Sold all 21,582,218 shares (-100.0%) in Q4 2024, worth an estimated $329,344,646.
- Penserra Capital Management LLC: Reduced its position by 2,982,417 shares (-65.5%), worth an estimated $45,511,683.
Institutional Buys Indicating Confidence
- Vanguard Group Inc.: Added 5,280,128 shares (+81.7%) in Q4 2024, totaling an estimated $80,574,753.
- Invesco Ltd.: Added 4,518,978 shares (+7367.2%), worth approximately $68,959,604.
- UBS Group AG: Increased holdings by 3,192,406 shares (+4480.5%), valued at $48,716,115.
- BlackRock, Inc.: Acquired 2,445,372 shares (+25.9%), valued at $37,316,376.
- JPMorgan Chase & Co: Boosted its stake by 2,055,203 shares (+3295.7%), worth an estimated $31,362,397.
This insider trading and hedge fund activity indicate that while some major players are cashing out, others—particularly institutional investors—are significantly increasing their stakes in $RGTI, suggesting a divided sentiment on the company’s future within the rapidly evolving quantum computing industry.
