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Rigetti Computing Director Sandford Helene Gail Sells Shares for $24.75, $26.98 Each.
ByAinvest
Monday, Sep 22, 2025 4:19 pm ET1min read
Rigetti Computing, Inc. (RGTI) has announced that Director Sandford Helene Gail has executed a transaction involving the sale of 1 share at a price of $26.98 per share on September 19, 2025. In addition, she has also sold 17,634 shares at a price of $24.75 per share on the same date.
Rigetti Computing, Inc. (RGTI) has seen a flurry of share sales by its directors, with the latest transaction involving Director Sandford Helene Gail. On September 19, 2025, Gail executed a transaction selling 1 share at $26.98 per share and 17,634 shares at $24.75 per share [2].The transaction follows recent optimism in the market surrounding Rigetti Computing. Several brokerages have given the company a "Buy" rating with price targets ranging from $15.00 to $20.00 [1]. Rigetti Computing's stock has shown resilience, trading up $1.18 on Wednesday, September 10, 2025, to reach $21.18 [1].
The company's recent earnings report indicated earnings per share of ($0.05), surpassing analysts' expectations by $0.01 [1]. Despite this, Rigetti Computing continues to face challenges, including negative net margins and operating losses [1].
The latest government contract awarded to Rigetti Computing, in partnership with QphoX, adds to the company's credibility. The three-year, $5.8 million contract from the Air Force Research Laboratory aims to advance superconducting quantum networking technology [3]. This contract underscores the potential for further government and enterprise collaborations.
Despite the positive news, investors should remain cautious. The company's stock price has surged, potentially outpacing its fundamentals. Analysts' fair value estimates for RGTI range widely from $0.22 to $24.50 [3], indicating differing opinions on the stock's potential.
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