Rubrik, Inc. (NYSE:RBRK) Director Ravi Mhatre Sells 15,933 Shares

Rubrik, Inc. (NYSE:RBRK) Director Ravi Mhatre sold 15,933 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $30.19, for a total transaction of $481,017.27. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Rubrik Stock Performance

Rubrik stock traded up $0.86 during midday trading on Tuesday, reaching $32.24. The stock had a trading volume of 3,433,764 shares, compared to its average volume of 1,273,353. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $40.00. The firm has a fifty day moving average of $33.53.

Institutional Trading of Rubrik

Hedge funds and other institutional investors have recently modified their holdings of the business. Register Financial Advisors LLC purchased a new stake in shares of Rubrik in the second quarter worth approximately $227,000. Sei Investments Co. acquired a new position in Rubrik in the 2nd quarter valued at approximately $235,000. PFG Investments LLC purchased a new stake in Rubrik in the 2nd quarter worth approximately $242,000. Natixis Advisors LLC purchased a new position in shares of Rubrik during the 2nd quarter valued at $406,000. Finally, Bank of Montreal Can purchased a new stake in shares of Rubrik during the second quarter worth $427,000.

Analysts Set New Price Targets

RBRK has been the subject of a number of research reports. Cibc World Mkts upgraded Rubrik to a “strong-buy” rating in a research note on Tuesday, May 21st. Capital One Financial initiated coverage on shares of Rubrik in a report on Monday, May 20th. They issued an “overweight” rating and a $42.00 price objective on the stock. Wells Fargo & Company cut their target price on Rubrik from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. Baird R W raised Rubrik to a “strong-buy” rating in a research note on Monday, July 15th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $50.00 target price on shares of Rubrik in a research note on Tuesday, September 10th. Fifteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Rubrik presently has a consensus rating of “Buy” and a consensus price target of $44.69.

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.