Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson Sells 9,009 Shares

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $70.98, for a total value of $639,458.82. Following the sale, the director now owns 998 shares in the company, valued at $70,838.04. This represents a 90.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Rubrik Stock Performance

RBRK stock opened at $75.60 on Thursday. The firm’s 50-day moving average is $66.80 and its two-hundred day moving average is $47.31. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $77.22.

Institutional Investors Weigh In On Rubrik

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RBRK. Janus Henderson Group PLC increased its position in shares of Rubrik by 6.9% during the 3rd quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock valued at $11,595,000 after purchasing an additional 23,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Rubrik in the third quarter valued at $323,000. Diversified Trust Co bought a new position in Rubrik during the third quarter valued at about $432,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Rubrik by 24.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock worth $7,998,000 after acquiring an additional 49,372 shares during the period. Finally, Bank of Montreal Can bought a new stake in Rubrik in the second quarter worth about $427,000. Institutional investors own 49.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RBRK. Citigroup upped their price target on shares of Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 17th. Cantor Fitzgerald lifted their price target on Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Oppenheimer started coverage on Rubrik in a research note on Wednesday, November 13th. They set a “market perform” rating on the stock. Rosenblatt Securities started coverage on shares of Rubrik in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price target on the stock. Finally, Truist Financial increased their price objective on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Two 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 stock. According to MarketBeat.com, the stock has an average 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.