Rubrik, Inc. (NYSE:RBRK) Director Sells $169,000.00 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 2,500 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total value of $169,000.00. Following the completion of the transaction, the director now owns 153 shares of the company’s stock, valued at $10,342.80. The trade was a 94.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Rubrik Price Performance

RBRK stock traded up $1.36 during mid-day trading on Thursday, reaching $68.09. The company had a trading volume of 2,423,998 shares, compared to its average volume of 2,428,840. The firm has a fifty day simple moving average of $59.24 and a 200 day simple moving average of $43.23. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $75.79.

Institutional Trading of Rubrik

Several hedge funds have recently added to or reduced their stakes in RBRK. Dragoneer Investment Group LLC purchased a new stake in shares of Rubrik during the 2nd quarter worth $47,523,000. Champlain Investment Partners LLC acquired a new stake in Rubrik in the third quarter valued at $44,418,000. Point72 Asset Management L.P. purchased a new stake in Rubrik during the 3rd quarter worth about $42,247,000. PointState Capital LP acquired a new position in shares of Rubrik during the 3rd quarter worth about $40,466,000. Finally, Institutional Venture Management XV LLC increased its holdings in shares of 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 acquiring an additional 1,131,360 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on RBRK. KeyCorp upped their price target on Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Barclays increased their target price on shares of Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Guggenheim boosted their price target on shares of Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Oppenheimer initiated coverage on shares of Rubrik in a research report on Wednesday, November 13th. They set a “market perform” rating for the company. Finally, Robert W. Baird boosted their target price on Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on 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.