Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rubrik Inc shares valued at $119,736 were sold by Choudary Kiran Kumar on Jan 15 ’25. At $66.52 per share, Choudary Kiran Kumar sold 1,800 shares. The insider’s holdings dropped to 341,374 shares worth approximately $24.36 million following the completion of this transaction.
Also, Wassenaar Yvonne sold 2,500 shares, netting a total of over 168,990 in proceeds. Following the sale of shares at $67.60 each, the insider now holds 0 shares.
Before that, Nithrakashyap Arvind had sold 227,596 shares from its account. In a trade valued at $14,769,074, the Chief Technology Officer traded Rubrik Inc shares for $64.89 each. Upon closing the transaction, the insider’s holdings decreased to 227,596 shares, worth approximately $15.65 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 surge of approximately 9.62%. Over the course of the year, Rubrik Inc shares have jumped approximately 9.16%. Nevertheless, trading volume fell to 1.58 million shares from 2.45 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 70.48, which, if violated, would cause prices to drop to 69.61. In the upper region, resistance lies at 72.66. The next price resistance is at 73.97. RSI (Relative Strength Index) is 65.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.50, which suggests the price will increase in the coming days. Percent R is at 13.92%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
