John Wendell Thompson Sells 9,009 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 9,009 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $63.18, for a total transaction of $569,188.62. Following the sale, the director now directly owns 998 shares of the company’s stock, valued at approximately $63,053.64. This represents a 90.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

John Wendell Thompson also recently made the following trade(s):

• On Monday, February 3rd, John Wendell Thompson sold 9,009 shares of Rubrik stock. The stock was sold at an average price of $70.98, for a total transaction of $639,458.82.

Rubrik Trading Up 2.4 %

Shares of Rubrik stock opened at $63.05 on Thursday. The company has a 50-day simple moving average of $69.65 and a 200 day simple moving average of $52.49. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RBRK. Wells Fargo & Company upped 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. William Blair assumed coverage on shares of Rubrik in a report on Friday, February 7th. They issued a “market perform” rating for the company. Piper Sandler increased their price target on shares of Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Oppenheimer assumed coverage on shares of Rubrik in a report on Wednesday, November 13th. They issued a “market perform” rating for the company. Finally, Barclays increased their price target on shares of Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $65.56.

Institutional Investors Weigh In On Rubrik

Hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new stake in shares of Rubrik during the 3rd quarter worth about $25,000. Russell Investments Group Ltd. acquired a new stake in shares of Rubrik during the 4th quarter worth about $28,000. Global Retirement Partners LLC increased its position in shares of Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after purchasing an additional 500 shares in the last quarter. Nemes Rush Group LLC acquired a new stake in Rubrik in the 4th quarter valued at about $39,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Rubrik in the 4th quarter valued at about $47,000. Institutional investors and hedge funds 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.