Brian K. Mccarthy Sells 25,000 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $63.15, for a total value of $1,578,750.00. Following the completion of the transaction, the executive now owns 356,043 shares in the company, valued at $22,484,115.45. This trade represents a 6.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Rubrik Stock Up 0.2 %

Shares of Rubrik stock traded up $0.13 on Tuesday, reaching $61.50. The company’s stock had a trading volume of 1,678,357 shares, compared to its average volume of 2,045,770. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $80.00. The stock has a 50-day moving average price of $69.78 and a 200-day moving average price of $52.29.

Analyst Ratings Changes

RBRK has been the topic of several analyst reports. Cantor Fitzgerald lifted their target price on Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Truist Financial lifted their target price on Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company lifted their target price on Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. BMO Capital Markets lifted their target price on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Citigroup raised their price target on Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Three 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, Rubrik presently has an average rating of “Moderate Buy” and a consensus target price of $65.56.

Institutional Trading of Rubrik

Several large investors have recently made changes to their positions in RBRK. ARK Investment Management LLC increased its position in shares of Rubrik by 113.6% during the third quarter. ARK Investment Management LLC now owns 420,932 shares of the company’s stock worth $13,533,000 after purchasing an additional 223,850 shares in the last quarter. Pathway Capital Management LP acquired a new position in Rubrik during the third quarter worth $23,527,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Rubrik during the third quarter worth $20,774,000. KBC Group NV acquired a new position in Rubrik during the third quarter worth $72,000. Finally, Natixis Advisors LLC boosted its stake in Rubrik by 302.5% during the third quarter. Natixis Advisors LLC now owns 53,271 shares of the company’s stock worth $1,713,000 after buying an additional 40,036 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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.