Rubrik, Inc. (NYSE:RBRK) Director Ravi Mhatre Sells 15,933 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) Director Ravi Mhatre sold 15,933 shares of Rubrik stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $30.19, for a total value of $481,017.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Rubrik Stock Up 2.7 %

Rubrik stock opened at $32.24 on Wednesday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $40.00. The firm’s 50-day moving average price is $33.53.

Institutional Investors Weigh In On Rubrik

A number of hedge funds have recently made changes to their positions in the business. Register Financial Advisors LLC bought a new position in Rubrik in the 2nd quarter worth approximately $227,000. Zweig DiMenna Associates LLC acquired a new position in Rubrik during the 2nd quarter worth $6,730,000. EFG Asset Management North America Corp. bought a new position in shares of Rubrik in the second quarter worth $925,000. ARK Investment Management LLC acquired a new position in shares of Rubrik during the second quarter valued at $6,043,000. Finally, Cisco Systems Inc. acquired a new position in shares of Rubrik during the second quarter valued at $5,613,000.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Piper Sandler initiated coverage on shares of Rubrik in a report on Monday, August 19th. They issued an “overweight” rating and a $42.00 target price for the company. BMO Capital Markets lowered their price objective on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. KeyCorp increased 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. Barclays boosted their price target on Rubrik from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th. Finally, Guggenheim restated a “buy” rating and issued a $48.00 price objective on shares of Rubrik in a report on Tuesday, June 25th. Fifteen 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 presently has an average rating of “Buy” and an average price target of $44.69.

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.