On November 15, 2024, Cathy Mccarthy, Director at Rigetti Computing Inc (RGTI, Financial), executed a sale of 50,000 shares of the company. The transaction was filed on November 18, 2024, as documented in the SEC Filing. Following this transaction, the insider now owns 384,234 shares of Rigetti Computing Inc.
Rigetti Computing Inc (RGTI, Financial) is a company that operates in the quantum computing sector, focusing on developing and delivering integrated quantum-classical computing technology. This technology is designed to solve computational problems that are intractable for classical computers, offering potential breakthroughs in various fields such as materials science, pharmaceuticals, and complex system modeling.
The shares were sold at a price of $1.56, valuing the transaction at $78,000. This sale has adjusted the insider's stake in the company significantly. Over the past year, Cathy Mccarthy has sold a total of 50,000 shares and has not made any purchases of the company's stock.
The insider transaction history at Rigetti Computing Inc shows a trend of more sales than purchases among insiders. Over the last year, there have been 24 insider sales and no insider buys. This could be indicative of the insiders' perspectives on the stock's future performance.
Currently, the stock has a market cap of approximately $249.985 million. The valuation metrics such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow are also key indicators to consider when evaluating the company's stock. For a detailed valuation, the GF Value can provide a comprehensive analysis.
This insider sale comes at a time when the stock price has seen fluctuations, and it remains to be seen how this transaction will impact the stock's performance moving forward.
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