Rigetti Insiders Sold Stock 9 Times in 6 Months With No Open-Market Buys
Updated
Updated · Quiver Quantitative · Jun 6
Rigetti Insiders Sold Stock 9 Times in 6 Months With No Open-Market Buys
2 articles · Updated · Quiver Quantitative · Jun 6
Summary
Rigetti Computing insiders logged 9 open-market stock sales and 0 purchases over the past six months, led by Chief Technology Officer David Rivas, who sold 518,087 shares worth about $13.1 million.
Chief Executive Subodh Kulkarni sold 104,190 shares for roughly $2.6 million, while Michael S. Clifton sold 150,000 shares for about $4.1 million; CFO Jeffrey Bertelsen and Alissa Fitzgerald also sold shares.
The insider selling comes as Rigetti reported Q1 2026 revenue of $4.4 million, up 198.91% year over year, and as analysts continued to back the stock with 3 buy-equivalent ratings and no sells.
Institutional positioning has been mixed: 232 investors added shares in the latest quarter while 279 cut holdings, with D. E. Shaw trimming 9.25 million shares even as Vanguard and several funds increased stakes.
Broader discussion around Rigetti has also tied the quantum stock's recent weakness to higher-rate expectations, even as investors cite its Nvidia partnership, CHIPS Act recognition and 2025 revenue growth as longer-term support.