Rubrik Inc’s recently made public that its Chief Financial Officer Choudary Kiran Kumar unloaded Company’s shares for reported $0.12 million on Jan 15 ’25. In the deal valued at $66.52 per share,1,800 shares were sold. As a result of this transaction, Choudary Kiran Kumar now holds 341,374 shares worth roughly $24.99 million.
Then, Wassenaar Yvonne sold 2,500 shares, generating $168,990 in total proceeds. Upon selling the shares at $67.60, the Director now owns 0 shares.
Before that, Nithrakashyap Arvind sold 227,596 shares. Rubrik Inc shares valued at $14,769,074 were divested by the Chief Technology Officer at a price of $64.89 per share. As a result of the transaction, Nithrakashyap Arvind now holds 219,279 shares, worth roughly $16.05 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 jump 6.06% to $73.19. Over the last five days, the stock has gained 2.56%. Rubrik Inc shares have risen nearly 11.98% since the year began.
Levels Of Support And Resistance For RBRK Stock
The 24-hour chart illustrates a support level at 69.97, which if violated will result in even more drops to 66.76. On the upside, there is a resistance level at 75.45. A further resistance level may holdings at 77.72. The Relative Strength Index (RSI) on the 14-day chart is 65.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.38%. Stochastics %K at 80.12% 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.
