Insider Selling: Rubrik, Inc. (NYSE:RBRK) Director Sells 2,500 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 2,500 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total value of $169,000.00. Following the completion of the transaction, the director now owns 153 shares in the company, valued at $10,342.80. This trade represents a 94.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rubrik Stock Down 0.8 %

RBRK opened at $67.68 on Friday. The business’s fifty day simple moving average is $60.17 and its 200 day simple moving average is $43.76. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $75.79.

Hedge Funds Weigh In On Rubrik

Institutional investors have recently modified their holdings of the company. Dragoneer Investment Group LLC acquired a new stake in Rubrik during the second quarter worth approximately $47,523,000. Champlain Investment Partners LLC acquired a new stake in shares of Rubrik during the third quarter worth $44,418,000. Point72 Asset Management L.P. purchased a new stake in shares of Rubrik in the third quarter valued at $42,247,000. PointState Capital LP acquired a new position in Rubrik in the third quarter valued at $40,466,000. Finally, Institutional Venture Management XV LLC lifted its position in Rubrik by 3,620.4% during the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after buying an additional 1,131,360 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on RBRK shares. BMO Capital Markets upped their price target on Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. KeyCorp increased their price target on shares of Rubrik from $57.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Wedbush boosted their target price on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Barclays increased their target price on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Robert W. Baird upped their price objective on Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Two equities research 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.com, the stock has an average rating of “Buy” and an average price target of $64.67.

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.