Rubrik, Inc. (NYSE:RBRK) Director Sells $569,188.62 in Stock

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $63.18, for a total value of $569,188.62. Following the sale, the director now directly owns 998 shares in the company, valued at $63,053.64. The trade was a 90.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 shares were sold at an average price of $70.98, for a total value of $639,458.82.

Rubrik Stock Down 6.9 %

NYSE RBRK opened at $58.53 on Friday. The business has a 50-day moving average price of $69.56 and a 200-day moving average price of $52.56. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.00.

Institutional Investors Weigh In On Rubrik

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in Rubrik during the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC raised its position in Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after purchasing an additional 500 shares during the period. Nemes Rush Group LLC purchased a new stake in Rubrik during the fourth quarter valued at approximately $39,000. Point72 Hong Kong Ltd purchased a new stake in Rubrik during the fourth quarter valued at approximately $47,000. Finally, Quarry LP purchased a new stake in Rubrik during the fourth quarter valued at approximately $48,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RBRK has been the topic of a number of recent analyst reports. Barclays lifted their price objective on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Truist Financial lifted their price objective on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. William Blair started coverage on Rubrik in a research note on Friday, February 7th. They issued a “market perform” rating on the stock. Citigroup lifted their target price on Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, Oppenheimer started coverage on Rubrik in a report on Wednesday, November 13th. They issued a “market perform” rating for the company. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Rubrik has an average rating of “Moderate Buy” and an average price target of $65.56.

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.