Checking in on Rubicon Technologies Inc. (RBT) after recent insiders movement


In a filing, Rubicon Technologies Inc. revealed its 10% Owner Enrich Jose Miguel acquired Company’s shares for reported $100000.0 on Jun 16. In the deal valued at $0.42 per share,240,154 shares were bought. As a result of this transaction, Enrich Jose Miguel now holds 351,265 shares worth roughly $ 0.19 million.

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Then, Chico Hernandez Andres bought 555,555 shares, generating $500,000 in total proceeds. Upon buying the shares at $0.90, the Director now owns 681,183 shares.

Before that, Enrich Jose Miguel bought 111,111 shares. Rubicon Technologies Inc. shares valued at $100,000 were divested by the 10% Owner at a price of $0.90 per share. As a result of the transaction, Enrich Jose Miguel now holds 111,111 shares, worth roughly $59999.94.

Cantor Fitzgerald initiated its Rubicon Technologies Inc. [RBT] rating to an Overweight in a research note published on Friday, September 30, 2022; the price target was $5. PT values the company’s stock at a premium of 89.2 to its Friday closing price.

Price Performance Review of RBT

On Friday, Rubicon Technologies Inc. [NYSE:RBT] saw its stock jump 9.16% to $0.54. On the same session, the stock had its day’s lowest price of $0.50, but rose to a high of $0.57. Over the last five days, the stock has lost -8.32%. Rubicon Technologies Inc. shares have fallen nearly -69.40% since the year began. Nevertheless, the stocks have fallen -87.79% over the past one year. While a 52-week high of $5.07 was reached on 01/13/23, a 52-week low of $0.25 was recorded on 06/06/23. SMA at 50 days reached $0.6322, while 200 days put it at $1.0222. A total of 1.89 million shares were traded, compared to the trading of 2.61 million shares in the previous session.

Levels Of Support And Resistance For RBT Stock

The 24-hour chart illustrates a support level at 0.5064, which if violated will result in even more drops to 0.4682. On the upside, there is a resistance level at 0.5764. A further resistance level may holdings at 0.6082. The Relative Strength Index (RSI) on the 14-day chart is 44.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0460, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.77%. Stochastics %K at 12.19% indicates the stock is a buying.

How much short interest is there in Rubicon Technologies Inc.?

A steep rise in short interest was recorded in Rubicon Technologies Inc. stocks on Aug 14, 2023, growing by 2.38 million shares to a total of 2.91 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.53 million shares. There was a rise of 81.77%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.29% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.27.

Rubicon Technologies Inc. [RBT] – Who Are The Largest Shareholders?

In filings from Quattro Financial Advisors LLC, it is revealed that the company now owns 8,243,996 shares, or roughly 10.77% of the outstanding RBT shares. In other words, the investor’s shares have risen by 7,243,996 from its previous 13-F filing of 1000000.0.. At present, GFS Advisors LLC is holding 1,600,000 shares valued at $1.39 million. Edge Capital Group LLC owned 1,545,267 shares of the company at the time of its most recent 13F filing, worth $1.34 million.

According to FactSet, Rubicon Technologies Inc.’s share price will average $2.47 in the next year, based on opinions of analysts polled by the firm. This is up nearly 500.0 percent from its previous closing price of $0.50. Analysts expect Rubicon Technologies Inc. stock to reach the higher price of $3.00, while the lowest price estimate is $1.40. However, 3 analysts have rated RBT stock as a Buy in their predictions for 2023.


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