Rubrik, Inc. (NYSE:RBRK) CRO Sells $4,328,053.02 in Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 65,517 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $66.06, for a total transaction of $4,328,053.02. Following the completion of the transaction, the executive now owns 406,043 shares of the company’s stock, valued at $26,823,200.58. This trade represents a 13.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Rubrik Stock Performance

RBRK stock traded down $1.22 on Wednesday, reaching $63.12. The company’s stock had a trading volume of 2,324,475 shares, compared to its average volume of 2,615,752. The business has a fifty day simple moving average of $56.95 and a two-hundred day simple moving average of $42.03. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $75.79.

Institutional Investors Weigh In On Rubrik

Institutional investors and hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. bought a new position in Rubrik in the third quarter worth about $25,000. KBC Group NV purchased a new position in shares of Rubrik during the 3rd quarter worth approximately $72,000. Quent Capital LLC bought a new position in shares of Rubrik in the 3rd quarter worth approximately $192,000. Mount Yale Investment Advisors LLC purchased a new position in shares of Rubrik in the 3rd quarter valued at approximately $208,000. Finally, Sei Investments Co. purchased a new position in shares of Rubrik in the 2nd quarter valued at approximately $235,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RBRK shares. Rosenblatt Securities started coverage on Rubrik in a research note on Tuesday, December 17th. They set a “neutral” rating and a $77.00 price target for the company. Oppenheimer started coverage on Rubrik in a research report on Wednesday, November 13th. They issued a “market perform” rating for the company. Truist Financial increased their price target on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Piper Sandler lifted their price target on shares of Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Finally, KeyCorp upped their price objective on shares of Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $64.11.

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.