Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy Sells 25,000 Shares

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $70.94, for a total value of $1,773,500.00. Following the completion of the transaction, the executive now directly owns 381,043 shares in the company, valued at approximately $27,031,190.42. This represents a 6.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Rubrik Stock Down 1.1 %

Rubrik stock opened at $74.52 on Friday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $79.05. The firm’s fifty day moving average is $67.78 and its 200 day moving average is $47.78.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RBRK. Robert W. Baird lifted their price objective on Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Rosenblatt Securities started coverage on shares of Rubrik in a report on Tuesday, December 17th. They set a “neutral” rating and a $77.00 price target on the stock. Truist Financial increased their price objective on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. William Blair began coverage on shares of Rubrik in a research note on Friday. They set a “market perform” rating on the stock. Finally, Citigroup raised their price target on Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.67.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sei Investments Co. bought a new position in shares of Rubrik during the 2nd quarter valued at approximately $235,000. Bank of Montreal Can bought a new position in Rubrik during the second quarter valued at $427,000. Millennium Management LLC purchased a new stake in shares of Rubrik in the second quarter valued at $6,272,000. Diversified Trust Co bought a new stake in shares of Rubrik in the 3rd quarter worth about $432,000. Finally, Renaissance Capital LLC lifted its holdings in shares of Rubrik by 190.1% in the 3rd quarter. Renaissance Capital LLC now owns 60,061 shares of the company’s stock worth $1,931,000 after acquiring an additional 39,354 shares during the last quarter. 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.