Rubrik Inc.’s filing revealed that its Chief Financial Officer Choudary Kiran Kumar unloaded Company’s shares for reported $1.63 million on Sep 26 ’24. In the deal valued at $31.41 per share,51,924 shares were sold. As a result of this transaction, Choudary Kiran Kumar now holds 493,360 shares worth roughly $15.47 million.
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Then, McCarthy Brian K. sold 104,672 shares, generating $3,278,213 in total proceeds. Upon selling the shares at $31.32, the Chief Revenue Officer now owns 462,545 shares.
Before that, Choudary Kiran Kumar bought 51,632 shares. Rubrik Inc. shares valued at $1,627,441 were divested by the Officer at a price of $31.52 per share.
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 fall -2.46% to $31.36. Over the last five days, the stock has lost -6.53%. Rubrik Inc. shares have fallen nearly -15.24% since the year began.
Levels Of Support And Resistance For RBRK Stock
The 24-hour chart illustrates a support level at 30.70, which if violated will result in even more drops to 30.05. On the upside, there is a resistance level at 31.98. A further resistance level may holdings at 32.61. The Relative Strength Index (RSI) on the 14-day chart is 44.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.95%. Stochastics %K at 49.00% indicates the stock is a holding.
How much short interest is there in Rubrik Inc.?
A steep rise in short interest was recorded in Rubrik Inc. stocks on 2024-09-13, growing by 1.48 million shares to a total of 5.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.0 million shares. There was a rise of 26.98%, which implies that there is a positive 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.
