Rubrik, Inc. (NYSE:RBRK) CRO Sells $1,773,500.00 in Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CRO Brian K. Mccarthy sold 25,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $70.94, for a total transaction of $1,773,500.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Rubrik Price Performance

Rubrik stock traded down $0.82 during mid-day trading on Friday, reaching $74.52. 1,789,861 shares of the company were exchanged, compared to its average volume of 1,958,402. The company has a fifty day simple moving average of $67.78 and a 200-day simple moving average of $47.86. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $79.05.

Institutional Investors Weigh In On Rubrik

Several institutional investors and hedge funds have recently bought and sold shares of RBRK. Brown Brothers Harriman & Co. acquired a new stake in Rubrik during the 3rd quarter worth approximately $25,000. Global Retirement Partners LLC grew its holdings in Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after purchasing an additional 500 shares during the period. Rhumbline Advisers acquired a new stake in shares of Rubrik in the 4th quarter valued at about $64,000. Geneos Wealth Management Inc. bought a new position in Rubrik in the fourth quarter worth approximately $70,000. Finally, KBC Group NV bought a new position in shares of Rubrik in the 3rd quarter worth $72,000. Institutional investors own 49.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Rosenblatt Securities started coverage on Rubrik in a research note on Tuesday, December 17th. They set a "neutral" rating and a $77.00 price objective for the company. BMO Capital Markets lifted their target price on shares of Rubrik from $38.00 to $72.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Truist Financial raised their target price on shares of Rubrik from $50.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Barclays upped their price target on Rubrik from $51.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Finally, Guggenheim boosted their price target on shares of Rubrik from $52.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.