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

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $27,031,190.42. This trade represents a 6.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Rubrik Trading Down 0.3 %

Shares of NYSE RBRK opened at $75.34 on Friday. The business’s 50 day moving average price is $67.31 and its 200-day moving average price is $47.50. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $77.22.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Mizuho upped their price objective on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Wells Fargo & Company upped their price objective on Rubrik from $40.00 to $76.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Rosenblatt Securities assumed coverage on Rubrik in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price objective for the company. Robert W. Baird upped their price objective on Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Wedbush increased their price target on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Two 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 stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $64.67.

Institutional Investors Weigh In On Rubrik

Hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC raised its holdings in shares of Rubrik by 6.9% in the third quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock worth $11,595,000 after buying an additional 23,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Rubrik in the third quarter worth approximately $323,000. Diversified Trust Co purchased a new stake in shares of Rubrik in the third quarter worth approximately $432,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Rubrik by 24.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock worth $7,998,000 after buying an additional 49,372 shares during the period. Finally, Renaissance Capital LLC increased its holdings in Rubrik by 21.2% during the 4th quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock worth $4,757,000 after purchasing an additional 12,714 shares during the period. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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.