Rubrik, Inc. (NYSE:RBRK) CRO Sells $4,328,053.02 in Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 65,517 shares of Rubrik stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $66.06, for a total value of $4,328,053.02. Following the completion of the sale, the executive now owns 406,043 shares in the company, valued at $26,823,200.58. This represents a 13.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Rubrik Price Performance

RBRK opened at $63.47 on Friday. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $75.79. The business has a fifty day moving average price of $57.40 and a 200 day moving average price of $42.17.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. FBN Securities assumed coverage on Rubrik in a research report on Monday, September 30th. They issued an “outperform” rating and a $40.00 target price on the stock. KeyCorp lifted their target price on Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Piper Sandler lifted their target price on Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. BMO Capital Markets lifted their target price on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company lifted their target price on Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $64.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Brown Brothers Harriman & Co. acquired a new position in shares of Rubrik during the 3rd quarter worth about $25,000. KBC Group NV acquired a new position in shares of Rubrik during the 3rd quarter worth about $72,000. Quent Capital LLC acquired a new position in shares of Rubrik during the 3rd quarter worth about $192,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Rubrik during the 3rd quarter worth about $208,000. Finally, Barclays PLC boosted its position in shares of Rubrik by 140.6% during the 3rd quarter. Barclays PLC now owns 12,029 shares of the company’s stock worth $386,000 after acquiring an additional 7,029 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

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.