Insider Selling: Rubrik, Inc. (NYSE:RBRK) CRO Sells $1,773,500.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $70.94, for a total transaction of $1,773,500.00. Following the completion of the transaction, the executive now owns 381,043 shares of the company’s stock, valued at $27,031,190.42. This trade represents a 6.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Rubrik Stock Performance

RBRK stock opened at $74.52 on Friday. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $79.05. The business has a fifty day moving average price of $67.78 and a 200-day moving average price of $47.78.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RBRK. Guggenheim raised their price objective on shares of Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Truist Financial increased their price objective on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. William Blair started coverage on Rubrik in a research report on Friday. They set a “market perform” rating for the company. Wedbush upped their target price on shares of Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price target on shares of Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Three 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.67.

Hedge Funds Weigh In On Rubrik

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. bought a new stake in Rubrik in the 2nd quarter worth approximately $235,000. Bank of Montreal Can purchased a new position in shares of Rubrik in the 2nd quarter worth $427,000. Millennium Management LLC bought a new stake in shares of Rubrik in the second quarter worth $6,272,000. Diversified Trust Co purchased a new stake in Rubrik during the third quarter valued at $432,000. Finally, Renaissance Capital LLC lifted its holdings in Rubrik by 190.1% in the third quarter. Renaissance Capital LLC now owns 60,061 shares of the company’s stock valued at $1,931,000 after acquiring an additional 39,354 shares during the period. Institutional investors own 49.54% of the company’s stock.

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.