Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar Sells 2,500 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $77.31, for a total transaction of $193,275.00. Following the sale, the director now owns 153 shares of the company’s stock, valued at approximately $11,828.43. This represents a 94.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Yvonne Wassenaar also recently made the following trade(s):

• On Wednesday, January 15th, Yvonne Wassenaar sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $67.60, for a total value of $169,000.00.

Rubrik Stock Down 4.9 %

Shares of Rubrik stock opened at $74.27 on Thursday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $80.00. The firm’s 50 day moving average price is $70.45 and its 200-day moving average price is $50.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Guggenheim boosted their price objective on Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, December 6th. BMO Capital Markets raised their target price 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. Piper Sandler raised their price objective on Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Finally, William Blair initiated coverage on shares of Rubrik in a research report on Friday, February 7th. They issued a “market perform” rating on the stock. Three investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $65.33.

Hedge Funds Weigh In On Rubrik

Large investors have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC grew its stake in Rubrik by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after buying an additional 300 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Rubrik during the fourth quarter worth about $28,000. KBC Group NV increased its holdings in shares of Rubrik by 19.1% during the fourth quarter. KBC Group NV now owns 2,679 shares of the company’s stock valued at $175,000 after acquiring an additional 430 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after purchasing an additional 500 shares during the last quarter. Finally, Nemes Rush Group LLC acquired a new stake in Rubrik in the 4th quarter worth approximately $39,000. 49.54% of the stock is 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.