Brian K. Mccarthy Sells 28,485 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 28,485 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $72.34, for a total transaction of $2,060,604.90. Following the transaction, the executive now directly owns 346,560 shares of the company’s stock, valued at $25,070,150.40. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Rubrik Stock Down 1.6 %

RBRK traded down $1.07 during mid-day trading on Thursday, reaching $66.98. The stock had a trading volume of 5,119,443 shares, compared to its average volume of 1,738,181. The firm’s fifty day simple moving average is $49.37 and its two-hundred day simple moving average is $38.56. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $75.79.

Hedge Funds Weigh In On Rubrik

Several hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in Rubrik during the 3rd quarter worth about $25,000. KBC Group NV acquired a new stake in shares of Rubrik during the 3rd quarter worth approximately $72,000. Quent Capital LLC bought a new stake in shares of Rubrik during the third quarter worth approximately $192,000. Mount Yale Investment Advisors LLC acquired a new position in Rubrik in the third quarter valued at approximately $208,000. Finally, Barclays PLC boosted its stake in Rubrik by 140.6% in the third quarter. Barclays PLC now owns 12,029 shares of the company’s stock valued at $386,000 after acquiring an additional 7,029 shares during the last quarter. Institutional investors own 49.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Guggenheim raised their price target on shares of Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Oppenheimer initiated coverage on Rubrik in a research note on Wednesday, November 13th. They issued a “market perform” rating on the stock. Wells Fargo & Company lifted their price objective on Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Rosenblatt Securities started coverage on shares of Rubrik in a research report on Tuesday. They set a “neutral” rating and a $77.00 target price for the company. Finally, Piper Sandler boosted their price target on shares of Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday. Two 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average 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.