Rubrik, Inc. (NYSE:RBRK) Director Sells $569,188.62 in Stock

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 9,009 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $63.18, for a total transaction of $569,188.62. Following the sale, the director now owns 998 shares of the company’s stock, valued at $63,053.64. The trade was a 90.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

John Wendell Thompson also recently made the following trade(s):

• On Monday, February 3rd, John Wendell Thompson sold 9,009 shares of Rubrik stock. The shares were sold at an average price of $70.98, for a total transaction of $639,458.82.

Rubrik Stock Up 0.2 %

Shares of RBRK stock traded up $0.13 on Tuesday, reaching $61.50. The stock had a trading volume of 1,678,357 shares, compared to its average volume of 2,045,770. The firm’s 50-day moving average is $69.78 and its two-hundred day moving average is $52.29. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00.

Institutional Investors Weigh In On Rubrik

A number of institutional investors and hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC raised its holdings in Rubrik by 6.9% in the 3rd quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock valued at $11,595,000 after acquiring an additional 23,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Rubrik during the third quarter worth approximately $323,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Rubrik by 24.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock worth $7,998,000 after purchasing an additional 49,372 shares during the period. Renaissance Capital LLC increased its holdings in shares of Rubrik by 21.2% during the fourth quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock worth $4,757,000 after purchasing an additional 12,714 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in shares of Rubrik during the third quarter worth approximately $336,000. 49.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on RBRK. Truist Financial upped their target price on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, December 6th. 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 report on Friday, December 6th. Cantor Fitzgerald boosted their price target on shares of Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Oppenheimer began coverage on shares of Rubrik in a report on Wednesday, November 13th. They issued a “market perform” rating for the company. Finally, Robert W. Baird boosted their price target on shares of Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and a consensus target price of $65.56.

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.