Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy Sells 25,000 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $70.94, for a total value of $1,773,500.00. Following the transaction, the executive now owns 381,043 shares of the company’s stock, valued at $27,031,190.42. This represents a 6.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Rubrik Trading Up 2.0 %

RBRK opened at $75.60 on Thursday. The stock has a 50-day moving average of $66.80 and a 200-day moving average of $47.31. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $77.22.

Hedge Funds Weigh In On Rubrik

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Champlain Investment Partners LLC bought a new stake in Rubrik during the 3rd quarter valued at approximately $44,418,000. Point72 Asset Management L.P. bought a new stake in shares of Rubrik in the third quarter valued at approximately $42,247,000. PointState Capital LP acquired a new stake in shares of Rubrik in the third quarter worth $40,466,000. Institutional Venture Management XV LLC increased its position in Rubrik by 3,620.4% during the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after acquiring an additional 1,131,360 shares during the period. Finally, Penserra Capital Management LLC acquired a new position in Rubrik during the 3rd quarter valued at $35,359,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

RBRK has been the topic of several analyst reports. Truist Financial raised their target price on Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Citigroup raised their price target on Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 17th. Wells Fargo & Company upped their price objective on shares of Rubrik from $40.00 to $76.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Oppenheimer began coverage on shares of Rubrik in a research note on Wednesday, November 13th. They set a “market perform” rating on the stock. Finally, Piper Sandler upped their price target on shares of Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $64.67.

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.