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

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total transaction of $169,000.00. Following the completion of the transaction, the director now owns 153 shares of the company’s stock, valued at $10,342.80. This trade represents a 94.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Rubrik Stock Up 2.0 %

NYSE RBRK opened at $68.09 on Friday. Rubrik, Inc. has a one year low of $28.34 and a one year high of $75.79. The stock’s 50-day moving average is $59.71 and its 200-day moving average is $43.40.

Institutional Trading of Rubrik

Large investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. bought a new position in Rubrik in the third quarter valued at approximately $25,000. KBC Group NV acquired a new stake in shares of Rubrik during the third quarter worth $72,000. Quent Capital LLC bought a new stake in Rubrik in the 3rd quarter valued at $192,000. Shikiar Asset Management Inc. acquired a new position in Rubrik in the 4th quarter worth $203,000. Finally, Mount Yale Investment Advisors LLC bought a new position in Rubrik during the 3rd quarter worth about $208,000. 49.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RBRK shares. Cantor Fitzgerald boosted their target price on Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. FBN Securities began coverage on Rubrik in a report on Monday, September 30th. They set an “outperform” rating and a $40.00 price objective for the company. Wedbush upped their target price on shares of Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Citigroup lifted their price target on shares of Rubrik from $48.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Piper Sandler increased their price objective on shares of Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average 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.