Rubrik, Inc. (NYSE:RBRK) CRO Sells $1,676,500.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the firm’s 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 transaction, the executive now directly owns 321,560 shares of the company’s stock, valued at $21,563,813.60. This represents a 7.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Rubrik Trading Up 0.8 %

RBRK opened at $66.90 on Monday. The company has a 50 day simple moving average of $55.55 and a two-hundred day simple moving average of $41.35. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $75.79.

Wall Street Analysts Forecast Growth

Several research firms have commented on RBRK. Guggenheim boosted their target price on Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Rosenblatt Securities began coverage on shares of Rubrik in a report on Tuesday, December 17th. They set a “neutral” rating and a $77.00 price objective for the company. Truist Financial raised their target price on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. KeyCorp boosted their target price on shares of Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Mizuho raised their price target on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Two equities research 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. According to data from MarketBeat, Rubrik has an average rating of “Buy” and an average target price of $64.11.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC bought a new stake in Rubrik during the second quarter valued at about $503,000. Natixis Advisors LLC bought a new stake in Rubrik during the 2nd quarter valued at approximately $406,000. Roubaix Capital LLC purchased a new position in Rubrik in the 2nd quarter worth approximately $2,115,000. Liberty Street Advisors Inc. bought a new position in Rubrik in the 2nd quarter worth approximately $4,117,000. Finally, PFG Investments LLC purchased a new stake in Rubrik during the 2nd quarter valued at approximately $242,000. Institutional investors own 49.54% of the company’s stock.

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.