Rubrik (NYSE:RBRK) Shares Up 4.6%

Rubrik, Inc. (NYSE:RBRK - Get Free Report) shares rose 4.6% on Thursday . The company traded as high as $32.89 and last traded at $32.83. Approximately 1,500,805 shares were traded during trading, an increase of 4% from the average daily volume of 1,442,572 shares. The stock had previously closed at $31.39.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Robert W. Baird began coverage on Rubrik in a research note on Monday, July 15th. They issued an "outperform" rating and a $42.00 price target on the stock. Citigroup boosted their price target on Rubrik from $47.00 to $48.00 and gave the company a "buy" rating in a research note on Wednesday, September 11th. Truist Financial reiterated a "buy" rating and issued a $43.00 price objective on shares of Rubrik in a research note on Tuesday, September 10th. Guggenheim reaffirmed a "buy" rating and set a $48.00 target price on shares of Rubrik in a report on Tuesday, June 25th. Finally, KeyCorp increased their price target on shares of Rubrik from $46.00 to $48.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 12th. Sixteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Rubrik presently has a consensus rating of "Buy" and an average target price of $44.41.

Rubrik Stock Up 3.9 %

The business has a fifty day moving average of $33.07.

Insider Activity

In related news, CRO Brian K. Mccarthy sold 104,672 shares of the company's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $31.32, for a total transaction of $3,278,327.04. Following the completion of the transaction, the executive now owns 462,545 shares in the company, valued at $14,486,909.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, major shareholder Barry Eggers sold 100,000 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $32.74, for a total transaction of $3,274,000.00. Following the sale, the insider now directly owns 56,736 shares of the company's stock, valued at approximately $1,857,536.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Brian K. Mccarthy sold 104,672 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $31.32, for a total value of $3,278,327.04. Following the transaction, the executive now owns 462,545 shares of the company's stock, valued at $14,486,909.40. The disclosure for this sale can be found here. Insiders have sold a total of 272,529 shares of company stock worth $8,664,277 over the last quarter.

Institutional Investors Weigh In On Rubrik

A number of hedge funds have recently bought and sold shares of the business. Register Financial Advisors LLC bought a new stake in shares of Rubrik in the 2nd quarter worth about $227,000. Sei Investments Co. bought a new stake in Rubrik during the second quarter worth approximately $235,000. PFG Investments LLC purchased a new stake in Rubrik during the second quarter valued at approximately $242,000. Natixis Advisors LLC bought a new stake in shares of Rubrik in the 2nd quarter valued at approximately $406,000. Finally, Bank of Montreal Can purchased a new position in shares of Rubrik in the 2nd quarter worth approximately $427,000.

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.

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