Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy Sells 65,517 Shares

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 65,517 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $66.06, for a total value of $4,328,053.02. Following the completion of the sale, the executive now directly owns 406,043 shares of the company’s stock, valued at approximately $26,823,200.58. This trade represents a 13.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rubrik Stock Up 0.4 %

NYSE RBRK opened at $63.47 on Friday. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $75.79. The business has a 50 day moving average price of $57.40 and a 200 day moving average price of $42.17.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Piper Sandler upped their target price on Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. KeyCorp upped their price objective on Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Guggenheim upped their price objective on Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Cantor Fitzgerald upped their price objective on Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Citigroup upped their price objective on Rubrik from $48.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $64.11.

Hedge Funds Weigh In On Rubrik

Several hedge funds have recently bought and sold shares of RBRK. Brown Brothers Harriman & Co. purchased a new position in Rubrik in the 3rd quarter valued at approximately $25,000. KBC Group NV purchased 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 valued at $192,000. Mount Yale Investment Advisors LLC acquired a new stake in Rubrik during the 3rd quarter valued at $208,000. Finally, Sei Investments Co. acquired a new stake in Rubrik during the 2nd quarter valued at $235,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

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.