Rubrik, Inc. (NYSE:RBRK) Director Sells $193,275.00 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $77.31, for a total transaction of $193,275.00. Following the sale, the director now owns 153 shares of the company’s stock, valued at approximately $11,828.43. This represents a 94.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Yvonne Wassenaar also recently made the following trade(s):

• On Wednesday, January 15th, Yvonne Wassenaar sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $67.60, for a total value of $169,000.00.

Rubrik Stock Down 4.9 %

Shares of NYSE RBRK traded down $3.82 during trading on Wednesday, hitting $74.27. 1,973,977 shares of the company were exchanged, compared to its average volume of 2,109,418. The company has a fifty day moving average price of $70.37 and a 200-day moving average price of $50.04. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its holdings in shares of Rubrik by 6.9% in the 3rd quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock valued at $11,595,000 after buying an additional 23,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Rubrik in the 3rd quarter valued at approximately $323,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Rubrik by 24.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock worth $7,998,000 after purchasing an additional 49,372 shares during the last quarter. Renaissance Capital LLC raised its stake in Rubrik by 21.2% in the fourth quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock valued at $4,757,000 after buying an additional 12,714 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Rubrik in the third quarter valued at approximately $336,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on RBRK shares. Guggenheim upped their target price on shares of Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Oppenheimer initiated coverage on Rubrik in a report on Wednesday, November 13th. They issued a “market perform” rating on the stock. William Blair began coverage on Rubrik in a research report on Friday, February 7th. They set a “market perform” rating for the company. KeyCorp lifted their price objective on shares of Rubrik from $75.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Cantor Fitzgerald upped their target price on Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $65.33.

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.