Penserra Capital Management LLC Has $72.86 Million Stock Position in Rigetti Computing, Inc. $RGTI
Penserra Capital Management LLC increased its stake in Rigetti Computing, Inc. (NASDAQ:RGTI) by 43.8% in Q3, owning 2,445,818 shares valued at approximately $72.86 million. This makes Rigetti Computing 20th in its investment portfolio. Other institutional investors also raised their stakes, with 35.38% of the stock owned by institutions. Rigetti's stock opened at $18.21, with a market cap of $6.01 billion. The company reported a quarterly EPS of ($0.03), exceeding estimates, but revenue fell 18.1% year-over-year. Analysts have mixed ratings, with an average target price of $32.60.
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