Insider Selling: Rubrik, Inc. (NYSE:RBRK) Director Sells $169,000.00 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 2,500 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total value of $169,000.00. Following the completion of the transaction, the director now owns 153 shares of the company’s stock, valued at $10,342.80. The trade was a 94.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Rubrik Trading Down 0.8 %

RBRK opened at $67.68 on Friday. Rubrik, Inc. has a one year low of $28.34 and a one year high of $75.79. The business’s 50-day simple moving average is $60.17 and its 200-day simple moving average is $43.76.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RBRK shares. Truist Financial increased their price target on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Robert W. Baird increased their target price on shares of Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. BMO Capital Markets boosted their price target on shares of Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Citigroup upped their price objective on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday. Finally, Mizuho raised their price target on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Rubrik presently has a consensus rating of “Buy” and a consensus price target of $64.67.

Hedge Funds Weigh In On Rubrik

Several hedge funds have recently added to or reduced their stakes in RBRK. Brown Brothers Harriman & Co. purchased a new stake in shares of Rubrik during the 3rd quarter worth approximately $25,000. KBC Group NV acquired a new position in Rubrik in the third quarter valued at $72,000. Quent Capital LLC acquired a new stake in shares of Rubrik during the third quarter worth about $192,000. Shikiar Asset Management Inc. purchased a new position in Rubrik during the 4th quarter worth approximately $203,000. Finally, Mount Yale Investment Advisors LLC purchased a new stake in Rubrik in the third quarter valued at approximately $208,000. 49.54% of the stock is currently owned by hedge funds and other 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.