Yvonne Wassenaar Sells 2,500 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director Yvonne Wassenaar sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $77.31, for a total value of $193,275.00. Following the completion of the transaction, the director now owns 153 shares in the company, valued at $11,828.43. This represents a 94.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Yvonne Wassenaar also recently made the following trade(s):

• On Wednesday, January 15th, Yvonne Wassenaar sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $67.60, for a total value of $169,000.00.

Rubrik Price Performance

Shares of RBRK traded down $2.47 during mid-day trading on Friday, hitting $69.75. 1,221,201 shares of the company's stock were exchanged, compared to its average volume of 2,093,369. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.00. The business's 50 day moving average is $70.41 and its two-hundred day moving average is $50.36.

Institutional Trading of Rubrik

A number of hedge funds have recently added to or reduced their stakes in the stock. Legacy Capital Group California Inc. purchased a new stake in shares of Rubrik during the third quarter worth approximately $2,419,000. Mount Yale Investment Advisors LLC acquired a new position in Rubrik in the 3rd quarter valued at $208,000. Diversify Wealth Management LLC purchased a new position in Rubrik during the 3rd quarter worth $1,808,000. Stephens Investment Management Group LLC lifted its stake in shares of Rubrik by 3.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 264,345 shares of the company's stock worth $8,499,000 after acquiring an additional 8,903 shares during the period. Finally, ARK Investment Management LLC boosted its holdings in shares of Rubrik by 113.6% in the third quarter. ARK Investment Management LLC now owns 420,932 shares of the company's stock valued at $13,533,000 after acquiring an additional 223,850 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on RBRK shares. Rosenblatt Securities assumed coverage on shares of Rubrik in a report on Tuesday, December 17th. They issued a "neutral" rating and a $77.00 price objective on the stock. BMO Capital Markets boosted their price target on shares of Rubrik from $38.00 to $72.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Citigroup raised their target price on Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a report on Friday, January 17th. Truist Financial boosted their price target on shares of Rubrik from $50.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Finally, Mizuho increased their price objective on shares of Rubrik from $75.00 to $82.00 and gave the company an "outperform" rating in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $65.33.

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.