Insider Selling: Rubrik, Inc. (NYSE:RBRK) CRO Sells 25,000 Shares of Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $67.06, for a total value of $1,676,500.00. Following the sale, the executive now directly owns 321,560 shares in the company, valued at approximately $21,563,813.60. This represents a 7.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Rubrik Trading Up 0.8 %

NYSE:RBRK traded up $0.55 during mid-day trading on Friday, hitting $66.90. The stock had a trading volume of 2,606,797 shares, compared to its average volume of 2,125,948. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $75.79. The company's 50 day simple moving average is $55.55 and its 200 day simple moving average is $41.21.

Analyst Ratings Changes

Several brokerages have recently issued reports on RBRK. Rosenblatt Securities started coverage on shares of Rubrik in a research report on Tuesday, December 17th. They set a "neutral" rating and a $77.00 price objective for the company. Truist Financial increased their target price on Rubrik from $50.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, December 6th. CIBC boosted their price target on Rubrik from $50.00 to $52.00 and gave the company an "outperformer" rating in a report on Tuesday, September 10th. Guggenheim increased their price objective on Rubrik from $52.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Finally, FBN Securities assumed coverage on Rubrik in a research note on Monday, September 30th. They issued an "outperform" rating and a $40.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $64.11.

Institutional Trading of Rubrik

A number of hedge funds have recently made changes to their positions in the business. Garden State Investment Advisory Services LLC bought a new stake in shares of Rubrik during the 3rd quarter worth about $394,000. Barclays PLC lifted its position in Rubrik by 140.6% during the third quarter. Barclays PLC now owns 12,029 shares of the company's stock worth $386,000 after acquiring an additional 7,029 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Rubrik by 133.3% during the third quarter. Geode Capital Management LLC now owns 568,646 shares of the company's stock worth $18,290,000 after acquiring an additional 324,951 shares during the period. XTX Topco Ltd acquired a new position in shares of Rubrik in the third quarter valued at approximately $571,000. Finally, State Street Corp increased its stake in shares of Rubrik by 368.9% during the third quarter. State Street Corp now owns 421,096 shares of the company's stock worth $13,538,000 after purchasing an additional 331,296 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

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.