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

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $70.94, for a total value of $1,773,500.00. Following the transaction, the executive now directly owns 381,043 shares of the company’s stock, valued at approximately $27,031,190.42. The trade was a 6.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Rubrik Trading Up 2.0 %

NYSE RBRK traded up $1.52 during trading on Wednesday, reaching $75.60. 1,190,124 shares of the company’s stock traded hands, compared to its average volume of 2,208,666. The company’s 50 day simple moving average is $66.28 and its two-hundred day simple moving average is $47.11. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $77.22.

Hedge Funds Weigh In On Rubrik

Several institutional investors have recently bought and sold shares of RBRK. Flaharty Asset Management LLC bought a new stake in Rubrik during the 4th quarter valued at $261,000. Regents of The University of California purchased a new position in Rubrik in the fourth quarter valued at about $958,000. US Bancorp DE raised its holdings in Rubrik by 1,329.9% in the fourth quarter. US Bancorp DE now owns 19,547 shares of the company’s stock worth $1,278,000 after purchasing an additional 18,180 shares in the last quarter. Dynasty Wealth Management LLC purchased a new stake in shares of Rubrik during the fourth quarter valued at about $291,000. Finally, Versor Investments LP bought a new stake in shares of Rubrik in the 4th quarter valued at about $648,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RBRK has been the subject of a number of research reports. Barclays increased their target price on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Mizuho lifted 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. Piper Sandler boosted their target price on shares of Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. KeyCorp increased 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. Finally, Robert W. Baird boosted their price objective on Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Two 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. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $64.67.

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.