Insider Selling: Rubrik, Inc. (NYSE:RBRK) CRO Sells $3,278,327.04 in Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 104,672 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $31.32, for a total value of $3,278,327.04. Following the completion of the sale, the executive now directly owns 462,545 shares of the company’s stock, valued at $14,486,909.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Rubrik Price Performance

Shares of NYSE RBRK opened at $31.38 on Thursday. The firm’s fifty day moving average is $33.14. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $40.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Register Financial Advisors LLC bought a new position in shares of Rubrik in the second quarter valued at about $227,000. Sei Investments Co. bought a new position in shares of Rubrik in the second quarter valued at about $235,000. PFG Investments LLC bought a new position in shares of Rubrik in the second quarter valued at about $242,000. Natixis Advisors LLC bought a new position in shares of Rubrik in the second quarter valued at about $406,000. Finally, Bank of Montreal Can bought a new position in shares of Rubrik in the second quarter valued at about $427,000.

Analyst Ratings Changes

Several research firms have recently weighed in on RBRK. Cantor Fitzgerald reissued an “overweight” rating and issued a $50.00 price objective on shares of Rubrik in a research report on Tuesday, September 10th. Barclays raised their target price on Rubrik from $41.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Robert W. Baird assumed coverage on Rubrik in a research report on Monday, July 15th. They issued an “outperform” rating and a $42.00 target price for the company. KeyCorp raised their target price on Rubrik from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Finally, Piper Sandler assumed coverage on Rubrik in a research report on Monday, August 19th. They issued an “overweight” rating and a $42.00 target price for the company. Sixteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $44.41.

Rubrik Company Profile

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.