Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rubrik Inc shares valued at $287,403 were sold by Choudary Kiran Kumar on Dec 17 ’24. At $72.34 per share, Choudary Kiran Kumar sold 3,973 shares. The insider’s holdings dropped to 345,374 shares worth approximately $23.46 million following the completion of this transaction.
Also, Choudary Kiran Kumar sold 1,800 shares, netting a total of over 130,860 in proceeds. Following the sale of shares at $72.70 each, the insider now holds 344,574 shares.
Before that, McCarthy Brian K. had sold 28,485 shares from its account. In a trade valued at $2,060,579, the Chief Revenue Officer traded Rubrik Inc shares for $72.34 each. Upon closing the transaction, the insider’s holdings decreased to 28,485 shares, worth approximately $23.54 million.
As published in their initiating research note from Rosenblatt on December 17, 2024, Rubrik Inc [RBRK] has been a Neutral and the price target has been revised to $77. Analysts at BMO Capital Markets resumed the stock at ‘”an Outperform”‘ outlook in a report released in early December. As of November 13, 2024, Oppenheimer has initiated its “Perform” rating for RBRK. Earlier on September 10, 2024, BMO Capital Markets resumed its rating. Their recommendation was “an Outperform” for RBRK stock.
Analyzing RBRK Stock Performance
During the last five days, there has been a drop of approximately -5.44%. Over the course of the year, Rubrik Inc shares have jumped approximately 86.49%. Nevertheless, trading volume fell to 1.72 million shares from 2.21 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 64.94, which, if violated, would cause prices to drop to 61.95. In the upper region, resistance lies at 70.28. The next price resistance is at 72.63. RSI (Relative Strength Index) is 65.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.41, which suggests the price will decrease in the coming days. Percent R is at 33.07%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
