Insider Selling: Rubrik, Inc. (NYSE:RBRK) CRO Sells 104,672 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 104,672 shares of Rubrik stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $31.32, for a total value of $3,278,327.04. Following the completion of the sale, the executive now owns 462,545 shares of the company’s stock, valued at $14,486,909.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rubrik Trading Up 0.1 %

NYSE:RBRK opened at $31.38 on Thursday. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $40.00. The company’s 50-day simple moving average is $33.14.

Analyst Ratings Changes

A number of analysts recently commented on RBRK shares. Guggenheim reiterated a “buy” rating and issued a $48.00 price objective on shares of Rubrik in a research report on Tuesday, June 25th. Citigroup lifted their price objective on Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. FBN Securities started coverage on Rubrik in a research report on Monday. They issued an “outperform” rating and a $40.00 price objective for the company. Barclays lifted their price objective on Rubrik from $41.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Finally, Wedbush decreased their target price on Rubrik from $50.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Sixteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $44.41.

Hedge Funds Weigh In On Rubrik

Institutional investors have recently modified their holdings of the business. Register Financial Advisors LLC bought a new position in shares of Rubrik during the 2nd quarter valued at about $227,000. Sei Investments Co. bought a new position in shares of Rubrik during the 2nd quarter valued at about $235,000. PFG Investments LLC bought a new position in shares of Rubrik during the 2nd quarter valued at about $242,000. Natixis Advisors LLC bought a new position in shares of Rubrik during the 2nd quarter valued at about $406,000. Finally, Bank of Montreal Can bought a new stake in Rubrik in the 2nd quarter valued at approximately $427,000.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.