Insider Selling: Rubrik, Inc. (NYSE:RBRK) CRO Sells 65,517 Shares of Stock

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

Rubrik Trading Down 1.9 %

Shares of Rubrik stock opened at $63.12 on Friday. The stock has a 50 day moving average price of $57.40 and a 200-day moving average price of $42.17. Rubrik, Inc. has a one year low of $28.34 and a one year high of $75.79.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in shares of Rubrik in the 3rd quarter worth about $25,000. KBC Group NV bought a new stake in Rubrik in the third quarter worth about $72,000. Quent Capital LLC purchased a new position in shares of Rubrik during the third quarter valued at approximately $192,000. Mount Yale Investment Advisors LLC bought a new position in shares of Rubrik during the third quarter valued at approximately $208,000. Finally, Sei Investments Co. purchased a new stake in shares of Rubrik in the second quarter worth approximately $235,000. Institutional investors own 49.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on RBRK shares. BMO Capital Markets raised their price objective on shares of Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Robert W. Baird raised their price target on Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Wedbush upped their price objective on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Piper Sandler lifted their target price on Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Finally, Truist Financial upped their price target on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Rubrik currently has an average rating of “Buy” and an average target price of $64.11.

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.