In a filing, Rubrik Inc. revealed its Chief Revenue Officer McCarthy Brian K. unloaded Company’s shares for reported $0.78 million on Oct 01 ’24. In the deal valued at $31.25 per share,25,000 shares were sold. As a result of this transaction, McCarthy Brian K. now holds 437,545 shares worth roughly $-17.18 million.
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Then, Choudary Kiran Kumar sold 51,924 shares, generating $1,630,907 in total proceeds. Upon selling the shares at $31.41, the Chief Financial Officer now owns 493,360 shares.
Before that, McCarthy Brian K. sold 104,672 shares. Rubrik Inc. shares valued at $3,278,213 were divested by the Chief Revenue Officer at a price of $31.32 per share. As a result of the transaction, McCarthy Brian K. now holds 462,545 shares, worth roughly $18.16 million.
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 Monday, Rubrik Inc. [NYSE:RBRK] saw its stock fall -0.71% to $39.26. Over the last five days, the stock has gained 19.15%. Rubrik Inc. shares have risen nearly 6.11% since the year began.
Levels Of Support And Resistance For RBRK Stock
The 24-hour chart illustrates a support level at 38.81, which if violated will result in even more drops to 38.35. On the upside, there is a resistance level at 39.81. A further resistance level may holdings at 40.36. The Relative Strength Index (RSI) on the 14-day chart is 71.66, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.99%. Stochastics %K at 92.74% 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 2024-09-30, growing by 0.19 million shares to a total of 5.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.28 million shares. There was a rise of 3.43%, 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.
