Rubrik Inc’s recent filing unveils that its Officer Kiran Kumar Choudary acquired Company’s shares for reported $0.29 million on Dec 17 ’24. In the deal valued at $70.00 per share,4,100 shares were bought.
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Then, Brian K. McCarthy bought 29,350 shares, generating $2,054,500 in total proceeds.
Before that, Sinha Bipul sold 1,158,082 shares. Rubrik Inc shares valued at $81,355,260 were divested by the Chairman of the Board and CEO at a price of $70.25 per share. As a result of the transaction, Sinha Bipul now holds 373,312 shares, worth roughly $27.24 million.
Rosenblatt initiated its Rubrik Inc [RBRK] rating to a Neutral in a research note published on December 17, 2024; the price target was $77. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in early December has reiterated a ‘”an Outperform”‘ rating for it. Oppenheimer began covering RBRK with “Perform” recommendation on November 13, 2024. BMO Capital Markets maintained its rating on September 10, 2024. It rated RBRK as “an Outperform”.
Price Performance Review of RBRK
On Tuesday, Rubrik Inc [NYSE:RBRK] saw its stock fall -3.36% to $72.97. Over the last five days, the stock has gained 5.40%. Rubrik Inc shares have risen nearly 97.22% since the year began.
Levels Of Support And Resistance For RBRK Stock
The 24-hour chart illustrates a support level at 71.49, which if violated will result in even more drops to 70.00. On the upside, there is a resistance level at 74.84. A further resistance level may holdings at 76.70. The Relative Strength Index (RSI) on the 14-day chart is 77.82, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.20%. Stochastics %K at 92.77% 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 2024-11-15, dropping by -0.54 million shares to a total of 4.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.9 million shares. There was a decline of -12.33%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 19, 2024 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $42 price target.
