Rubrik, Inc. (NYSE:RBRK) Director Sells $569,188.62 in Stock

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 9,009 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $63.18, for a total value of $569,188.62. Following the completion of the sale, the director now owns 998 shares in the company, valued at approximately $63,053.64. The trade was a 90.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

John Wendell Thompson also recently made the following trade(s):

• On Monday, February 3rd, John Wendell Thompson sold 9,009 shares of Rubrik stock. The stock was sold at an average price of $70.98, for a total value of $639,458.82.

Rubrik Stock Down 6.9 %

Shares of NYSE:RBRK opened at $58.53 on Friday. The company has a 50-day simple moving average of $69.56 and a 200-day simple moving average of $52.56. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RBRK. Brown Brothers Harriman & Co. purchased a new position in Rubrik in the third quarter valued at about $25,000. Russell Investments Group Ltd. purchased a new position in Rubrik in the fourth quarter valued at about $28,000. Global Retirement Partners LLC increased its holdings in Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after buying an additional 500 shares in the last quarter. Nemes Rush Group LLC purchased a new position in Rubrik in the fourth quarter valued at about $39,000. Finally, Point72 Hong Kong Ltd purchased a new position in Rubrik in the fourth quarter valued at about $47,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RBRK. Guggenheim reaffirmed a “buy” rating and set a $76.00 target price on shares of Rubrik in a research report on Wednesday, February 26th. Mizuho increased 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. BMO Capital Markets increased their target price on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Citigroup increased their target price on Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, Barclays increased their target price on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and an average price target of $65.56.

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.