Yvonne Wassenaar Sells 2,500 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 2,500 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $77.31, for a total value of $193,275.00. Following the completion of the transaction, the director now directly owns 153 shares in the company, valued at $11,828.43. This represents a 94.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Yvonne Wassenaar also recently made the following trade(s):

• On Wednesday, January 15th, Yvonne Wassenaar sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $67.60, for a total value of $169,000.00.

Rubrik Stock Performance

Shares of NYSE:RBRK opened at $74.27 on Thursday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $80.00. The business has a fifty day moving average of $70.45 and a two-hundred day moving average of $50.21.

Institutional Investors Weigh In On Rubrik

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Rubrik in the 4th quarter valued at about $277,395,000. Vanguard Group Inc. lifted its holdings in Rubrik by 114.1% in the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company’s stock valued at $413,610,000 after acquiring an additional 3,372,323 shares during the last quarter. FMR LLC grew its position in Rubrik by 172.6% in the fourth quarter. FMR LLC now owns 3,261,925 shares of the company’s stock worth $213,199,000 after acquiring an additional 2,065,444 shares during the period. Champlain Investment Partners LLC acquired a new stake in Rubrik during the third quarter worth $44,418,000. Finally, Point72 Asset Management L.P. acquired a new stake in Rubrik during the third quarter worth $42,247,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. BMO Capital Markets upped their price target on shares of Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Truist Financial lifted their price objective on Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. William Blair began coverage on Rubrik in a research note on Friday, February 7th. They issued a “market perform” rating on the stock. Finally, Citigroup raised their target price on Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Three 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, Rubrik has an average rating of “Moderate Buy” and a consensus target price of $65.33.

Rubrik Company Profile

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.