Cantor Fitzgerald Cuts Rubicon Technologies (NASDAQ:RBT) Price Target to $1.90

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

Rubicon Technologies Stock Performance

Shares of Rubicon Technologies stock opened at $0.48 on Tuesday. Rubicon Technologies has a twelve month low of $0.38 and a twelve month high of $10.50. The business has a 50-day moving average price of $0.56 and a 200 day moving average price of $1.31.

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smith Moore & CO. acquired a new position in shares of Rubicon Technologies during the 3rd quarter worth approximately $29,000. Edge Capital Group LLC acquired a new position in shares of Rubicon Technologies during the 3rd quarter worth approximately $3,407,000. Palantir Technologies Inc. acquired a new position in shares of Rubicon Technologies during the 3rd quarter worth approximately $7,455,000. Raymond James & Associates acquired a new position in shares of Rubicon Technologies during the 3rd quarter worth approximately $37,000. Finally, Cohen & Co Financial Management LLC acquired a new position in shares of Rubicon Technologies during the 3rd quarter worth 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.