Rigetti Stock Rockets 1,860%: Did Insiders Miss The Quantum Boom?

Rigetti Computing Inc. RGTI is experiencing a meteoric rise, with its stock skyrocketing 1,860% in six months to trade at around $19.

But just weeks ago, insiders seemingly undervalued the company's quantum potential, selling massive stakes at prices that now look shockingly low.

The $2 Sale That Turned Heads

In late November 2024, Rigetti sold 50 million shares in a private placement at just $2 per share, raising $100 million. This valuation, approved by the board, painted a dim picture of Rigetti's potential.

Fast forward five weeks, and that same stock is nearly 10 times higher, leaving investors scratching their heads at the insider fire sale.

Source: Benzinga

Adding to the intrigue, filings show insiders like director Michael Clifton repeatedly offloaded shares in December at prices ranging from $3 to $6.

The sharp contrast between these sell prices and Rigetti's current trading value raises the question: Did Rigetti's leadership misjudge the quantum computing goldmine under their nose?

Read Also: Quantum Computing Stocks Like Rigetti Computing Are Soaring And This ETF Lets Investors Participate In The Boom Story

Quantum Boom Or Bust?

The quantum sector is blazing hot, with competitors like IonQ Inc IONQ and Quantum Computing Inc. QUBT also posting jaw-dropping gains.

Source: Benzinga

IonQ insiders recently sold shares at prices near $30, much closer to its current trading price of $46.54.

In comparison, Rigetti insiders sold their shares at just $2 in November—well below its current price of $19.48.

With quantum computing stocks like IonQ, Rigetti and Quantum Computing soaring over 500% in the past month alone, Rigetti's move now looks like they severely underestimated the market's excitement for quantum technology.

Investor Takeaway

Rigetti's soaring stock price underscores the market's belief in quantum computing's transformative potential.

But the insider trades, at what now appear to be bargain-bin prices, hint at a disconnect between the company's leadership and the market’s vision.

Whether Rigetti insiders missed the quantum train or played it safe, one thing is clear: The quantum race continues to gain momentum.

Read Next:

• Jim Cramer Warns ‘Day Is Not Near Enough To Justify The Current Valuations’ Of Quantum Computing, Nuclear Power Stocks

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