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 Rubrik stock in a transaction on 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 directly owns 406,043 shares of the company’s stock, valued at $26,823,200.58. The trade was a 13.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Rubrik Trading Down 1.9 %

Shares of Rubrik stock opened at $63.12 on Thursday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $75.79. The company’s 50-day simple moving average is $56.95 and its 200-day simple moving average is $42.03.

Analyst Ratings Changes

RBRK has been the topic of several analyst reports. Wedbush increased their price objective on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Rosenblatt Securities began coverage on shares of Rubrik in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price objective on the stock. Truist Financial raised their price objective on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 6th. Cantor Fitzgerald boosted their target price on shares of Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Mizuho raised their price target on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. 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 company. According to data from MarketBeat, Rubrik currently has a consensus rating of “Buy” and a consensus price target of $64.11.

Institutional Investors Weigh In On Rubrik

Institutional investors have recently made changes to their positions in the stock. Dragoneer Investment Group LLC acquired a new stake in shares of Rubrik in the second quarter valued at about $47,523,000. Champlain Investment Partners LLC purchased a new stake in shares of Rubrik during the 3rd quarter worth approximately $44,418,000. Point72 Asset Management L.P. purchased a new stake in shares of Rubrik during the 3rd quarter worth approximately $42,247,000. PointState Capital LP acquired a new stake in shares of Rubrik in the 3rd quarter worth approximately $40,466,000. Finally, Institutional Venture Management XV LLC increased its stake in Rubrik by 3,620.4% in the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock valued at $37,378,000 after purchasing an additional 1,131,360 shares in 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.