Rubrik, Inc. (NYSE:RBRK) Director Sells $639,458.82 in Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director John Wendell Thompson sold 9,009 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $70.98, for a total transaction of $639,458.82. Following the completion of the sale, the director now directly owns 998 shares of the company's stock, valued at $70,838.04. This trade represents a 90.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Rubrik Trading Down 1.1 %

NYSE RBRK traded down $0.82 on Friday, hitting $74.52. 1,789,861 shares of the stock were exchanged, compared to its average volume of 1,958,402. The company's 50-day moving average price is $67.78 and its two-hundred day moving average price is $47.86. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $79.05.

Institutional Trading of Rubrik

Several hedge funds and other institutional investors have recently modified their holdings of RBRK. Global Retirement Partners LLC increased its stake in shares of Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after purchasing an additional 500 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Rubrik during the third quarter worth $25,000. Rhumbline Advisers bought a new position in Rubrik during the fourth quarter valued at about $64,000. Geneos Wealth Management Inc. bought a new stake in shares of Rubrik during the 4th quarter worth about $70,000. Finally, KBC Group NV acquired a new position in shares of Rubrik during the 3rd quarter valued at about $72,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RBRK shares. Wells Fargo & Company raised their target price on shares of Rubrik from $40.00 to $76.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Oppenheimer began coverage on shares of Rubrik in a research note on Wednesday, November 13th. They set a "market perform" rating for the company. KeyCorp lifted their price target on Rubrik from $57.00 to $75.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Mizuho raised their target price on Rubrik from $75.00 to $82.00 and gave the company an "outperform" rating in a research report on Tuesday, December 17th. Finally, Citigroup boosted their price target on Rubrik from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Rubrik presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.67.

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.