Insider Selling: Rubrik, Inc. (NYSE:RBRK) CRO Sells $1,676,500.00 in Stock

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

Rubrik Stock Performance

NYSE RBRK opened at $66.90 on Monday. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $75.79. The company’s 50-day moving average price is $55.55 and its 200-day moving average price is $41.35.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Guggenheim raised their price target on Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a report on Friday, December 6th. Rosenblatt Securities began coverage on shares of Rubrik in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price target on the stock. Citigroup increased their price objective on shares of Rubrik from $48.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, December 6th. KeyCorp boosted their target price on shares of Rubrik from $57.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, CIBC increased their price target on shares of Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a report on Tuesday, September 10th. Two investment 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $64.11.

Hedge Funds Weigh In On Rubrik

A number of hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of Rubrik in the third quarter valued at approximately $25,000. KBC Group NV purchased a new stake in shares of Rubrik in the 3rd quarter worth $72,000. Quent Capital LLC purchased a new stake in shares of Rubrik in the 3rd quarter worth $192,000. Mount Yale Investment Advisors LLC bought a new position in shares of Rubrik during the 3rd quarter worth $208,000. Finally, Whalen Wealth Management Inc. purchased a new position in shares of Rubrik during the third quarter valued at $243,000. 49.54% of the stock is currently owned by institutional investors.

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.