Rigetti Computing Director Sells 25,000 Shares, Insider Transaction History Revealed

Michael Clifton, Director at Rigetti Computing Inc (RGTI), sold 25,000 shares on July 17, 2025, reducing his ownership to 828,766 shares. Over the past year, Clifton has sold 625,000 shares and not purchased any. The company's stock is considered Significantly Overvalued with a GF Value of $0.56 and a price-to-GF-Value ratio of 30.36.

Rigetti Computing Inc. (RGTI) has seen significant insider selling activity recently. On July 17, 2025, Michael Clifton, a Director at Rigetti Computing, sold 25,000 shares of the company's stock, reducing his ownership to 828,766 shares [1]. This sale follows a series of transactions where Clifton has sold a total of 625,000 shares over the past year, with no reported purchases [2].

The latest sale occurred at a price of $17.0 per share, totaling $425,000 [1]. This transaction was part of a Rule 10b5-1 trading plan adopted in March 2025. Clifton's sales come amidst broader market concerns about Rigetti's valuation metrics. The company's stock is currently valued at $16.56, with a market capitalization of $5.34 billion [3].

Rigetti Computing has been making strides in the quantum computing sector, with notable advancements such as achieving a 99.5% median 2-qubit gate fidelity on its 36-qubit system and reducing error rates in its 84-qubit Ankaa system [3]. However, these technological breakthroughs have not been enough to dispel concerns about the company's valuation. Rigetti's GF Value suggests the stock is "Significantly Overvalued," with a GF Value of $0.56 and a price-to-GF-Value ratio of 30.36 [3].

The company's financial health presents a mixed picture. While the Altman Z-Score indicates sound financial stability, the Piotroski F-Score remains low at 3, signaling potential operational challenges [3]. Additionally, insider activity has shown a notable trend of selling, with six sell transactions in the past three months amounting to approximately 1.48 million shares [3].

Looking ahead, Rigetti's strategic focus on expanding its quantum computing capabilities positions it for growth in the rapidly evolving tech landscape. The stock's performance in the coming months will likely hinge on the successful deployment and commercialization of its quantum systems, as well as continued advancements in reducing error rates and improving fidelity in its quantum processors.

References:
[1] https://www.tradingview.com/news/tradingview:93e20af8c5ce4:0-rigetti-computing-director-sells-25-000-shares/
[2] https://www.tradingview.com/news/tradingview:b4df07d6433c5:0-rigetti-computing-director-sells-25-000-shares/
[3] https://www.gurufocus.com/news/2984728/rigetti-rgti-stock-gains-on-quantum-breakthrough-and-launch-plans?mod=mw_quote_news&r=4bf001661e6fdd88d0cd7a5659ff9748