Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar Sells 2,500 Shares

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 2,500 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total transaction of $169,000.00. Following the completion of the sale, the director now directly owns 153 shares in the company, valued at approximately $10,342.80. This represents a 94.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rubrik Stock Performance

Shares of RBRK stock opened at $68.09 on Friday. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $75.79. The firm has a 50 day moving average price of $59.71 and a two-hundred day moving average price of $43.40.

Institutional Trading of Rubrik

Hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new position in Rubrik in the 3rd quarter valued at $25,000. KBC Group NV acquired a new stake in shares of Rubrik during the third quarter worth $72,000. Quent Capital LLC bought a new stake in shares of Rubrik in the third quarter valued at about $192,000. Shikiar Asset Management Inc. acquired a new position in shares of Rubrik in the fourth quarter valued at about $203,000. Finally, Mount Yale Investment Advisors LLC bought a new position in Rubrik during the third quarter worth about $208,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RBRK has been the subject of a number of recent research reports. Cantor Fitzgerald increased their price objective on shares of Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company increased their price target on Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. KeyCorp raised their price target on Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Wedbush upped their price objective on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Barclays increased their price objective on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Rubrik currently has an average rating of “Buy” and a consensus 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.