Insider Selling: Rubrik, Inc. (NYSE:RBRK) Director Sells 9,009 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 9,009 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $63.18, for a total value of $569,188.62. Following the completion of the sale, the director now directly owns 998 shares of the company’s stock, valued at approximately $63,053.64. This trade represents a 90.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

John Wendell Thompson also recently made the following trade(s):

• On Monday, February 3rd, John Wendell Thompson sold 9,009 shares of Rubrik stock. The stock was sold at an average price of $70.98, for a total value of $639,458.82.

Rubrik Stock Up 0.2 %

RBRK stock traded up $0.13 during trading on Tuesday, reaching $61.50. 1,678,357 shares of the stock were exchanged, compared to its average volume of 2,045,770. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.00. The stock has a 50 day simple moving average of $69.78 and a 200-day simple moving average of $52.29.

Institutional Investors Weigh In On Rubrik

A number of institutional investors have recently added to or reduced their stakes in RBRK. PharVision Advisers LLC acquired a new stake in Rubrik during the fourth quarter valued at approximately $202,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Rubrik by 168.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company’s stock worth $43,610,000 after acquiring an additional 418,457 shares in the last quarter. Voloridge Investment Management LLC bought a new position in Rubrik in the 4th quarter worth approximately $85,331,000. Washington Harbour Partners LP bought a new position in Rubrik in the 4th quarter worth approximately $4,235,000. Finally, Two Sigma Advisers LP bought a new position in Rubrik in the 4th quarter worth approximately $18,693,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on RBRK shares. Oppenheimer started coverage on Rubrik in a research report on Wednesday, November 13th. They issued a “market perform” rating for the company. Piper Sandler increased their price objective on Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. BMO Capital Markets increased their price objective on Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. William Blair started coverage on Rubrik in a report on Friday, February 7th. They set a “market perform” rating for the company. Finally, Mizuho increased their price objective on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Three 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.56.

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.