Rubrik, Inc. (NYSE:RBRK) Director Sells $169,000.00 in Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director Yvonne Wassenaar sold 2,500 shares of Rubrik stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total transaction of $169,000.00. Following the completion of the transaction, the director now directly owns 153 shares of the company's stock, valued at $10,342.80. The trade was a 94.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Rubrik Stock Up 2.0 %

RBRK stock traded up $1.36 during mid-day trading on Thursday, reaching $68.09. The company's stock had a trading volume of 2,423,998 shares, compared to its average volume of 2,428,840. The company's 50 day moving average is $59.24 and its two-hundred day moving average is $43.23. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $75.79.

Institutional Investors Weigh In On Rubrik

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC acquired a new position in Rubrik during the second quarter worth $503,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Rubrik during the 2nd quarter valued at about $3,270,000. Sei Investments Co. acquired a new position in shares of Rubrik during the 2nd quarter valued at about $235,000. Octahedron Capital Management L.P. purchased a new stake in shares of Rubrik in the second quarter valued at about $4,936,000. Finally, Ensign Peak Advisors Inc acquired a new stake in Rubrik during the second quarter worth about $6,287,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on RBRK shares. KeyCorp lifted their price target on Rubrik from $57.00 to $75.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Wedbush boosted their price objective on Rubrik from $44.00 to $48.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. BMO Capital Markets upped 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. Truist Financial lifted their price target on shares of Rubrik from $50.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Finally, Robert W. Baird upped their price objective on shares of Rubrik from $48.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Two 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. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $64.11.

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.

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