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 company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $63.15, for a total transaction of $1,578,750.00. Following the sale, the executive now directly owns 356,043 shares in the company, valued at $22,484,115.45. This represents a 6.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Rubrik Trading Down 2.0 %

RBRK traded down $1.16 during mid-day trading on Friday, hitting $57.43. The stock had a trading volume of 2,306,736 shares, compared to its average volume of 2,013,971. The stock's fifty day simple moving average is $69.36 and its 200-day simple moving average is $52.60. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $80.00.

Institutional Investors Weigh In On Rubrik

Several hedge funds have recently bought and sold shares of RBRK. Wealthcare Advisory Partners LLC increased its position in shares of Rubrik by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock worth $683,000 after acquiring an additional 300 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Rubrik during the fourth quarter worth $28,000. KBC Group NV increased its position in shares of Rubrik by 19.1% during the fourth quarter. KBC Group NV now owns 2,679 shares of the company's stock worth $175,000 after acquiring an additional 430 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after acquiring an additional 500 shares in the last quarter. Finally, Nemes Rush Group LLC bought a new stake in shares of Rubrik during the fourth quarter worth $39,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

RBRK has been the topic of several research analyst reports. Rosenblatt Securities initiated coverage on shares of Rubrik in a research note on Tuesday, December 17th. They set a "neutral" rating and a $77.00 price objective on the stock. BMO Capital Markets upped their target price on shares of Rubrik from $38.00 to $72.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Citigroup upped their target price on shares of Rubrik from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Barclays upped their target price on shares of Rubrik from $51.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Finally, Oppenheimer started coverage on shares of Rubrik in a research report on Wednesday, November 13th. They set a "market perform" rating on the stock. Three equities research 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 company. According to MarketBeat, Rubrik presently has an average rating of "Moderate Buy" and an average price target 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.