Insider Sell: Michael Clifton Sells 125,000 Shares of Rigetti Computing Inc (RGTI)

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Dec 07, 2024

On December 6, 2024, Michael Clifton, Director at Rigetti Computing Inc (RGTI, Financial), sold 125,000 shares of the company. Following this transaction, the insider now owns 1,188,864 shares of the company. The details of this transaction can be found in the SEC Filing. Rigetti Computing Inc is a company that focuses on the development of quantum computing systems. The company aims to deliver quantum computing capabilities to solve complex problems across various industries. 1865185663004078080.png Over the past year, Michael Clifton has sold a total of 250,000 shares and has not purchased any shares. The insider transaction history for Rigetti Computing Inc shows that there have been 0 insider buys and 26 insider sells over the same timeframe. 1865185713826459648.png On the day of the recent sale, shares of Rigetti Computing Inc were trading at $4 each, giving the stock a market cap of $1,226.615 million. With a price of $4 and a GuruFocus Value of $0.95, Rigetti Computing Inc has a price-to-GF-Value ratio of 4.21, indicating that the stock is significantly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on the following three factors: - Historical multiples (price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow) that the stock has traded at. - A GuruFocus adjustment factor based on the company’s past returns and growth. - Future estimates of business performance from Morningstar analysts.

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