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 the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $63.15, for a total value of $1,578,750.00. Following the completion of the transaction, the executive now owns 356,043 shares in the company, valued at $22,484,115.45. This represents a 6.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Rubrik Trading Up 2.4 %

Shares of NYSE RBRK opened at $63.05 on Thursday. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00. The business’s fifty day simple moving average is $69.65 and its 200-day simple moving average is $52.49.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Mizuho upped their price objective on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Cantor Fitzgerald upped their price objective on Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Oppenheimer assumed coverage on Rubrik in a report on Wednesday, November 13th. They issued a “market perform” rating on the stock. William Blair assumed coverage on Rubrik in a report on Friday, February 7th. They issued a “market perform” rating on the stock. Finally, Wells Fargo & Company upped their price objective on Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Three research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.56.

Institutional Trading of Rubrik

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new stake in shares of Rubrik in the fourth quarter valued at $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 during the last quarter. Nemes Rush Group LLC purchased a new position in Rubrik in the fourth quarter valued at $39,000. Point72 Hong Kong Ltd purchased a new position in Rubrik in the fourth quarter valued at $47,000. Finally, Quarry LP purchased a new position in Rubrik in the fourth quarter valued at $48,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

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.