Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson Sells 9,009 Shares

Rubrik, Inc. (NYSE:RBRK - Get Free Report) 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 owns 998 shares of the company's stock, valued at approximately $63,053.64. This represents a 90.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 Price Performance

RBRK stock traded down $1.16 during trading on Friday, reaching $57.43. 2,306,736 shares of the company traded hands, compared to its average volume of 2,013,971. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00. The business has a 50 day simple moving average of $69.36 and a 200 day simple moving average of $52.60.

Institutional Investors Weigh In On Rubrik

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new stake in Rubrik during the fourth quarter valued at about $28,000. Global Retirement Partners LLC boosted its position in Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. Nemes Rush Group LLC bought a new stake in Rubrik during the fourth quarter valued at about $39,000. Point72 Hong Kong Ltd bought a new stake in Rubrik during the fourth quarter valued at about $47,000. Finally, Quarry LP bought a new stake in Rubrik during the fourth quarter valued at about $48,000. Institutional investors own 49.54% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RBRK. Barclays raised their price target on Rubrik from $51.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Wells Fargo & Company increased their target price on Rubrik from $40.00 to $76.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. BMO Capital Markets increased their target price on Rubrik from $38.00 to $72.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Oppenheimer started coverage on Rubrik in a research note on Wednesday, November 13th. They issued a "market perform" rating on the stock. Finally, Cantor Fitzgerald increased their target price on Rubrik from $58.00 to $70.00 and gave the stock an "overweight" rating in a research note 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 given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $65.56.

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.