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 stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $67.06, for a total transaction of $1,676,500.00. Following the completion of the sale, the executive now owns 321,560 shares in the company, valued at $21,563,813.60. This represents a 7.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Rubrik Trading Up 0.8 %

Shares of Rubrik stock opened at $66.90 on Friday. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $75.79. The business’s 50 day moving average is $55.55 and its 200-day moving average is $41.28.

Institutional Trading of Rubrik

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC acquired a new position in shares of Rubrik during the 2nd quarter worth about $47,523,000. Champlain Investment Partners LLC bought a new position in Rubrik during the third quarter worth about $44,418,000. Point72 Asset Management L.P. acquired a new position in Rubrik during the third quarter worth approximately $42,247,000. PointState Capital LP bought a new stake in Rubrik in the third quarter valued at approximately $40,466,000. Finally, Institutional Venture Management XV LLC lifted its position in shares of Rubrik by 3,620.4% in the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock valued at $37,378,000 after buying an additional 1,131,360 shares during the last quarter. 49.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

RBRK has been the topic of a number of recent analyst reports. Rosenblatt Securities started coverage on shares of Rubrik in a research report on Tuesday, December 17th. They set a “neutral” rating and a $77.00 price target on the stock. Robert W. Baird increased their price target on Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Truist Financial lifted their price objective on Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 6th. Wedbush boosted their price objective on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Mizuho raised their target price on shares of Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $64.11.

About Rubrik

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.