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

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $67.06, for a total value of $1,676,500.00. Following the sale, the executive now directly owns 321,560 shares of the company’s stock, valued at $21,563,813.60. This represents a 7.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rubrik Price Performance

NYSE RBRK traded up $0.55 on Friday, reaching $66.90. The company had a trading volume of 2,606,797 shares, compared to its average volume of 2,125,948. The company’s fifty day moving average is $55.00 and its 200-day moving average is $40.96. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $75.79.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC bought a new stake in shares of Rubrik in the 2nd quarter valued at about $503,000. Natixis Advisors LLC bought a new position in shares of Rubrik during the 2nd quarter worth approximately $406,000. Roubaix Capital LLC acquired a new position in shares of Rubrik during the 2nd quarter worth approximately $2,115,000. Liberty Street Advisors Inc. bought a new stake in Rubrik in the 2nd quarter valued at $4,117,000. Finally, PFG Investments LLC acquired a new stake in Rubrik during the 2nd quarter valued at $242,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on RBRK shares. CIBC upped their price target on shares of Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research report on Tuesday, September 10th. FBN Securities assumed coverage on shares of Rubrik in a research report on Monday, September 30th. They set an “outperform” rating and a $40.00 target price on the stock. KeyCorp raised their price target on shares of Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, December 6th. BMO Capital Markets boosted their price objective on shares of Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Rosenblatt Securities assumed coverage on Rubrik in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price objective on the stock. Two equities 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus 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.