Brian K. Mccarthy Sells 28,485 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 28,485 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $72.34, for a total transaction of $2,060,604.90. Following the sale, the executive now directly owns 346,560 shares in the company, valued at approximately $25,070,150.40. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rubrik Trading Down 1.3 %

Shares of NYSE:RBRK opened at $66.12 on Friday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $75.79. The firm has a fifty day moving average of $49.37 and a 200 day moving average of $38.56.

Institutional Investors Weigh In On Rubrik

Several hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new position in shares of Rubrik during the 3rd quarter valued at about $25,000. KBC Group NV bought a new position in Rubrik during the third quarter valued at approximately $72,000. Quent Capital LLC purchased a new position in shares of Rubrik during the third quarter worth approximately $192,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Rubrik in the 3rd quarter worth approximately $208,000. Finally, Barclays PLC boosted its stake in shares of Rubrik by 140.6% in the 3rd quarter. Barclays PLC now owns 12,029 shares of the company’s stock valued at $386,000 after purchasing an additional 7,029 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on RBRK shares. Rosenblatt Securities started coverage on shares of Rubrik in a research note on Tuesday. They set a “neutral” rating and a $77.00 price target on the stock. Wells Fargo & Company increased their target price on Rubrik from $40.00 to $76.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. BMO Capital Markets lifted their price target on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Cantor Fitzgerald increased their price objective on Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Robert W. Baird raised their target price on Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $64.11.

About Rubrik

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.