We'd be surprised if Rigetti Computing, Inc. (NASDAQ:RGTI) shareholders haven't noticed that the Chief Technology Officer, David Rivas, recently sold US$145k worth of stock at US$1.61 per share. However, the silver lining is that the sale only reduced their total holding by 6.7%, so we're hesitant to read anything much into it, on its own.

Rigetti Computing Insider Transactions Over The Last Year

In fact, the recent sale by David Rivas was the biggest sale of Rigetti Computing shares made by an insider individual in the last twelve months, according to our records. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$1.41. So it may not shed much light on insider confidence at current levels.

Insiders in Rigetti Computing didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Does Rigetti Computing Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Rigetti Computing insiders own about US$6.6m worth of shares (which is 2.4% of the company). Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The Rigetti Computing Insider Transactions Indicate?

Insiders haven't bought Rigetti Computing stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. When you consider that most companies have higher levels of insider ownership, we're a little wary. We'd certainly practice some caution before buying! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To help with this, we've discovered 5 warning signs (2 are a bit unpleasant!) that you ought to be aware of before buying any shares in Rigetti Computing.

But note: Rigetti Computing may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.