Brian K. Mccarthy Sells 25,000 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $70.94, for a total transaction of $1,773,500.00. Following the sale, the executive now directly owns 381,043 shares in the company, valued at $27,031,190.42. The trade was a 6.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Rubrik Stock Up 2.0 %

RBRK stock traded up $1.52 during trading on Wednesday, reaching $75.60. The stock had a trading volume of 1,190,124 shares, compared to its average volume of 2,208,666. The stock’s 50 day moving average is $66.28 and its two-hundred day moving average is $47.11. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $77.22.

Institutional Investors Weigh In On Rubrik

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Champlain Investment Partners LLC bought a new stake in Rubrik during the third quarter valued at about $44,418,000. Point72 Asset Management L.P. purchased a new position in shares of Rubrik during the 3rd quarter valued at about $42,247,000. PointState Capital LP bought a new position in shares of Rubrik during the 3rd quarter valued at approximately $40,466,000. Institutional Venture Management XV LLC increased its holdings in Rubrik by 3,620.4% in the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after acquiring an additional 1,131,360 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new stake in Rubrik during the 3rd quarter worth approximately $35,359,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RBRK. Guggenheim lifted their price target on Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Piper Sandler increased their price target on shares of Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Citigroup boosted their price objective on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Wells Fargo & Company raised their target price on shares of Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Cantor Fitzgerald boosted their price target on Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Two investment 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. Based on data from MarketBeat, Rubrik currently has an average rating of “Buy” and an average target price 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.