Rubicon Technologies (NASDAQ:RBT) Price Target Cut to $1.90 by Analysts at Cantor Fitzgerald

Rubicon Technologies (NASDAQ:RBT – Get Rating) had its price objective reduced by Cantor Fitzgerald from $2.60 to $1.90 in a report released on Tuesday morning, The Fly reports.

Rubicon Technologies Stock Performance

Shares of NASDAQ:RBT opened at $0.57 on Tuesday. The firm has a 50 day moving average of $0.58 and a 200-day moving average of $1.32. Rubicon Technologies has a 12 month low of $0.38 and a 12 month high of $10.50.

Rubicon Technologies (NASDAQ:RBT – Get Rating) last posted its quarterly earnings data on Wednesday, March 8th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.09). The firm had revenue of $165.99 million for the quarter. As a group, equities research analysts predict that Rubicon Technologies will post -1.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Jose Miguel Enrich bought 111,111 shares of Rubicon Technologies stock in a transaction dated Thursday, March 16th. The stock was purchased at an average price of $0.90 per share, for a total transaction of $99,999.90. Following the purchase, the insider now directly owns 111,111 shares in the company, valued at approximately $99,999.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Hernandez Andres Chico bought 555,555 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were acquired at an average cost of $0.90 per share, with a total value of $499,999.50. Following the completion of the purchase, the director now directly owns 681,183 shares of the company’s stock, valued at approximately $613,064.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Jose Miguel Enrich purchased 111,111 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were acquired at an average cost of $0.90 per share, for a total transaction of $99,999.90. Following the completion of the purchase, the insider now directly owns 111,111 shares of the company’s stock, valued at approximately $99,999.90. The disclosure for this purchase can be found here.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Smith Moore & CO. bought a new stake in Rubicon Technologies in the third quarter valued at $29,000. Edge Capital Group LLC bought a new stake in shares of Rubicon Technologies during the 3rd quarter valued at about $3,407,000. Palantir Technologies Inc. bought a new stake in shares of Rubicon Technologies during the 3rd quarter valued at about $7,455,000. Raymond James & Associates bought a new stake in shares of Rubicon Technologies during the 3rd quarter valued at about $37,000. Finally, Cohen & Co Financial Management LLC bought a new position in shares of Rubicon Technologies during the 3rd quarter valued at approximately $5,694,000.

About Rubicon Technologies

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