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 company’s stock in a transaction dated 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 transaction, the executive now owns 321,560 shares in the company, valued at approximately $21,563,813.60. This trade represents a 7.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Rubrik Stock Up 0.8 %

NYSE RBRK traded up $0.55 during trading on Friday, hitting $66.90. 2,606,797 shares of the company’s stock were exchanged, compared to its average volume of 2,125,948. The stock’s 50 day moving average price is $55.00 and its two-hundred day moving average price is $40.96. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $75.79.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RBRK shares. Piper Sandler increased their target price on Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. CIBC increased their price objective on Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research report on Tuesday, September 10th. Mizuho boosted their target price on shares of Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Robert W. Baird raised their price target on shares of Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Barclays lifted their price objective on shares of Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $64.11.

Hedge Funds Weigh In On Rubrik

A number of institutional investors have recently added to or reduced their stakes in RBRK. Brown Brothers Harriman & Co. bought a new position in Rubrik in the third quarter valued at about $25,000. KBC Group NV bought a new position in Rubrik in the 3rd quarter valued at approximately $72,000. Quent Capital LLC acquired a new stake in Rubrik during the 3rd quarter worth approximately $192,000. Mount Yale Investment Advisors LLC bought a new stake in Rubrik during the 3rd quarter worth approximately $208,000. Finally, Whalen Wealth Management Inc. acquired a new position in Rubrik in the 3rd quarter valued at approximately $243,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

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.