Insider Selling: Rubrik, Inc. (NYSE:RBRK) Director Sells 9,009 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 9,009 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $70.98, for a total transaction of $639,458.82. Following the completion of the sale, the director now directly owns 998 shares in the company, valued at $70,838.04. This represents a 90.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Rubrik Stock Performance

Shares of RBRK stock traded up $1.52 on Wednesday, reaching $75.60. 1,190,124 shares of the company’s stock traded hands, compared to its average volume of 2,208,666. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $77.22. The business’s 50 day moving average price is $66.28 and its two-hundred day moving average price is $47.11.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Flaharty Asset Management LLC acquired a new stake in shares of Rubrik in the fourth quarter worth about $261,000. Regents of The University of California bought a new stake in Rubrik during the fourth quarter worth approximately $958,000. US Bancorp DE grew its holdings in Rubrik by 1,329.9% during the fourth quarter. US Bancorp DE now owns 19,547 shares of the company’s stock valued at $1,278,000 after purchasing an additional 18,180 shares during the last quarter. Dynasty Wealth Management LLC bought a new position in shares of Rubrik in the fourth quarter valued at approximately $291,000. Finally, Versor Investments LP bought a new stake in shares of Rubrik during the 4th quarter worth $648,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RBRK has been the topic of a number of recent analyst reports. Piper Sandler upped their target price on shares of Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Truist Financial increased their target price on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. BMO Capital Markets boosted their price target on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their price objective on shares of Rubrik from $40.00 to $76.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Robert W. Baird raised their price target on shares of Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Two equities research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $64.67.

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.