Rubicon Technologies, Inc. (NYSE:RBT) Major Shareholder Sells $46,338.78 in Stock

Rubicon Technologies, Inc. (NYSE:RBT) major shareholder Palantir Technologies Inc. sold 772,313 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $0.06, for a total value of $46,338.78. Following the transaction, the insider now directly owns 11,078,625 shares in the company, valued at $664,717.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Palantir Technologies Inc. also recently made the following trade(s):

• On Thursday, June 13th, Palantir Technologies Inc. sold 42,287 shares of Rubicon Technologies stock. The stock was sold at an average price of $0.07, for a total value of $2,960.09.
• On Friday, June 7th, Palantir Technologies Inc. sold 179,695 shares of Rubicon Technologies stock. The shares were sold at an average price of $0.16, for a total transaction of $28,751.20.
• On Wednesday, June 5th, Palantir Technologies Inc. sold 51,063 shares of Rubicon Technologies stock. The stock was sold at an average price of $0.20, for a total transaction of $10,212.60.
• On Monday, June 3rd, Palantir Technologies Inc. sold 28,192 shares of Rubicon Technologies stock. The shares were sold at an average price of $0.22, for a total transaction of $6,202.24.
• On Friday, May 31st, Palantir Technologies Inc. sold 70,698 shares of Rubicon Technologies stock. The stock was sold at an average price of $0.22, for a total transaction of $15,553.56.
• On Wednesday, April 24th, Palantir Technologies Inc. sold 18,621 shares of Rubicon Technologies stock. The shares were sold at an average price of $0.37, for a total value of $6,889.77.
• On Monday, April 22nd, Palantir Technologies Inc. sold 3,200 shares of Rubicon Technologies stock. The stock was sold at an average price of $0.34, for a total value of $1,088.00.
• On Friday, April 19th, Palantir Technologies Inc. sold 12,086 shares of Rubicon Technologies stock. The shares were sold at an average price of $0.34, for a total value of $4,109.24.
• On Wednesday, April 17th, Palantir Technologies Inc. sold 11,690 shares of Rubicon Technologies stock. The stock was sold at an average price of $0.32, for a total value of $3,740.80.
• On Monday, April 15th, Palantir Technologies Inc. sold 8,859 shares of Rubicon Technologies stock. The stock was sold at an average price of $0.33, for a total transaction of $2,923.47.

Rubicon Technologies Price Performance

The stock has a 50 day moving average of $0.31 and a 200-day moving average of $0.93. Rubicon Technologies, Inc. has a 1 year low of $0.15 and a 1 year high of $13.84.

Institutional Investors Weigh In On Rubicon Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KPP Advisory Services LLC purchased a new stake in shares of Rubicon Technologies in the third quarter worth $75,000. HB Wealth Management LLC bought a new position in Rubicon Technologies in the 4th quarter worth $96,000. Finally, MCF Advisors LLC purchased a new stake in Rubicon Technologies in the 1st quarter worth $181,000. 40.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reduced their target price on shares of Rubicon Technologies from $1.60 to $0.60 and set an “overweight” rating for the company in a report on Tuesday, May 21st.

About Rubicon Technologies

Rubicon Technologies, Inc, a digital marketplace for waste and recycling services, provides cloud-based waste and recycling solutions to businesses, governments, and organizations worldwide. The company provides solutions for waste generators; and haulers and recyclers. It offers consultation and management services to customers for waste removal, waste management, logistics, and recycling solutions.