In a filing, Rubrik Inc revealed its Chief Revenue Officer McCarthy Brian K. unloaded Company’s shares for reported $1.03 million on Nov 01 ’24. In the deal valued at $41.39 per share,25,000 shares were sold. As a result of this transaction, McCarthy Brian K. now holds 387,545 shares worth roughly $16.1 million.
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Then, Choudary Kiran Kumar sold 4,500 shares, generating $188,964 in total proceeds. Upon selling the shares at $41.99, the Chief Financial Officer now owns 417,760 shares.
Before that, Choudary Kiran Kumar sold 14,000 shares. Rubrik Inc shares valued at $557,328 were divested by the Chief Financial Officer at a price of $39.81 per share. As a result of the transaction, Choudary Kiran Kumar now holds 424,560 shares, worth roughly $17.64 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 Tuesday, Rubrik Inc [NYSE:RBRK] saw its stock jump 0.07% to $41.55. Over the last five days, the stock has lost -2.46%. Rubrik Inc shares have risen nearly 12.30% since the year began.
Levels Of Support And Resistance For RBRK Stock
The 24-hour chart illustrates a support level at 41.00, which if violated will result in even more drops to 40.46. On the upside, there is a resistance level at 42.27. A further resistance level may holdings at 42.99. The Relative Strength Index (RSI) on the 14-day chart is 66.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.53%. Stochastics %K at 62.46% 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 2024-10-15, dropping by -0.57 million shares to a total of 4.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.47 million shares. There was a decline of -11.58%, 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.
