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 company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total transaction of $193,275.00. Following the completion of the transaction, the director now 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 filing with the Securities & Exchange Commission, which is available at the SEC website.

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 RBRK stock opened at $72.12 on Friday. The business has a fifty day moving average of $70.41 and a 200 day moving average of $50.36. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00.

Wall Street Analyst Weigh In

RBRK has been the subject of a number of research analyst reports. William Blair assumed coverage on Rubrik in a research report on Friday, February 7th. They set a “market perform” rating for the company. Citigroup lifted their price objective on Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 17th. Mizuho upped their price objective on shares of Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Cantor Fitzgerald raised their target price on shares of Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, BMO Capital Markets upped their price target 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. Three equities research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.33.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC boosted its position in Rubrik by 6.9% in the third quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock valued at $11,595,000 after buying an additional 23,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Rubrik in the third quarter worth $323,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Rubrik by 24.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock worth $7,998,000 after purchasing an additional 49,372 shares during the last quarter. Renaissance Capital LLC lifted its position in Rubrik by 21.2% during the fourth quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock valued at $4,757,000 after purchasing an additional 12,714 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in Rubrik in the third quarter valued at $336,000. 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.