Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy Sells 65,517 Shares of Stock

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

Rubrik Price Performance

NYSE RBRK opened at $63.12 on Thursday. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $75.79. The stock’s fifty day moving average is $56.95 and its two-hundred day moving average is $42.03.

Analysts Set New Price Targets

A number of analysts have commented on RBRK shares. Piper Sandler lifted their price target on Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Mizuho raised their price target on shares of Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Barclays upped their price objective on shares of Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Truist Financial boosted their target price 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. Finally, Rosenblatt Securities initiated coverage on Rubrik in a research note on Tuesday, December 17th. They set a “neutral” rating and a $77.00 price objective for the company. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $64.11.

Institutional Investors Weigh In On Rubrik

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

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.