Rubrik Inc.’s recent filing unveils that its 10% Owner Eggers Barry unloaded Company’s shares for reported $3.27 million on Sep 19 ’24. In the deal valued at $32.74 per share,100,000 shares were sold. As a result of this transaction, Eggers Barry now holds 56,736 shares worth roughly $1.9 million.
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Then, Eggers Barry bought 100,000 shares, generating $3,273,915 in total proceeds.
Before that, Mhatre Ravi sold 15,933 shares. Rubrik Inc. shares valued at $481,017 were divested by the Director at a price of $30.19 per share. As a result of the transaction, Mhatre Ravi now holds 0 shares, worth roughly $0.0.
BMO Capital Markets reiterated its Rubrik Inc. [RBRK] rating to an Outperform in a research note published on September 10, 2024; the price target was $38. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid August with a ‘”an Overweight”‘ rating. Robert W. Baird began covering RBRK with “an Outperform” recommendation on July 15, 2024. BMO Capital Markets revised its rating on June 06, 2024. It rated RBRK as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of RBRK
On Tuesday, Rubrik Inc. [NYSE:RBRK] saw its stock jump 0.54% to $33.55. Over the last five days, the stock has gained 4.06%. Rubrik Inc. shares have fallen nearly -9.32% since the year began.
Levels Of Support And Resistance For RBRK Stock
The 24-hour chart illustrates a support level at 33.22, which if violated will result in even more drops to 32.89. On the upside, there is a resistance level at 33.85. A further resistance level may holdings at 34.15. The Relative Strength Index (RSI) on the 14-day chart is 53.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.42%. Stochastics %K at 83.68% indicates the stock is a selling.
How much short interest is there in Rubrik Inc.?
A steep rise in short interest was recorded in Rubrik Inc. stocks on 2024-08-30, dropping by 11883.0 shares to a total of 4.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.01 million shares. There was a decline of -0.3%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 31, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $50 price target.
