Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy Sells 28,485 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 28,485 shares of Rubrik stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $72.34, for a total transaction of $2,060,604.90. Following the sale, the executive now owns 346,560 shares of the company’s stock, valued at approximately $25,070,150.40. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Rubrik Trading Down 1.6 %

Shares of NYSE:RBRK opened at $66.98 on Friday. Rubrik, Inc. has a one year low of $28.34 and a one year high of $75.79. The business’s 50-day simple moving average is $49.37 and its 200 day simple moving average is $38.56.

Analyst Ratings Changes

A number of brokerages have weighed in on RBRK. Oppenheimer initiated coverage on Rubrik in a research note on Wednesday, November 13th. They set a “market perform” rating on the stock. Barclays increased their target price on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Wells Fargo & Company lifted their price target on Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Mizuho raised their target price on shares of Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Robert W. Baird boosted 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. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $64.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RBRK. Dragoneer Investment Group LLC acquired a new position in shares of Rubrik in the 2nd quarter valued at approximately $47,523,000. Champlain Investment Partners LLC acquired a new stake in Rubrik in the third quarter valued at $44,418,000. Point72 Asset Management L.P. bought a new position in Rubrik during the 3rd quarter valued at $42,247,000. PointState Capital LP bought a new position in Rubrik during the 3rd quarter valued at $40,466,000. Finally, Institutional Venture Management XV LLC increased its position in shares of Rubrik by 3,620.4% in the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after purchasing an additional 1,131,360 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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.