Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rubrik Inc. shares valued at $304,382 were sold by Choudary Kiran Kumar on Oct 17 ’24. At $40.14 per share, Choudary Kiran Kumar sold 7,583 shares. The insider’s holdings dropped to 438,560 shares worth approximately $17.06 million following the completion of this transaction.
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Also, Choudary Kiran Kumar sold 45,800 shares, netting a total of over 1,796,276 in proceeds. Following the sale of shares at $39.22 each, the insider now holds 448,560 shares.
Before that, Choudary Kiran Kumar had sold 2,417 shares from its account. In a trade valued at $96,680, the Chief Financial Officer traded Rubrik Inc. shares for $40.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,417 shares, worth approximately $17.36 million.
As published in a research note from BMO Capital Markets on September 10, 2024, Rubrik Inc. [RBRK] has been retained to an Outperform and the price target has been revised to $38. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid August. As of July 15, 2024, Robert W. Baird has initiated its “an Outperform” rating for RBRK. Earlier on June 06, 2024, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for RBRK stock which previously was a “a Market perform”.
Analyzing RBRK Stock Performance
During the last five days, there has been a drop of approximately -1.44%. Over the course of the year, Rubrik Inc. shares have jumped approximately 5.16%. Nevertheless, trading volume fell to 1.08 million shares from 1.71 million shares the previous day.
Support And Resistance Levels for Rubrik Inc. (RBRK)
According to the 24-hour chart, there is a support level at 38.01, which, if violated, would cause prices to drop to 37.12. In the upper region, resistance lies at 39.46. The next price resistance is at 40.02. RSI (Relative Strength Index) is 63.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 27.50%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
