Rubrik, Inc. (NYSE:RBRK) Director Sells $639,458.82 in Stock

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 9,009 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $70.98, for a total transaction of $639,458.82. Following the completion of the sale, the director now owns 998 shares of the company’s stock, valued at $70,838.04. This trade represents a 90.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Rubrik Stock Up 2.0 %

Shares of NYSE RBRK traded up $1.52 during trading on Wednesday, hitting $75.60. 1,190,124 shares of the company traded hands, compared to its average volume of 2,208,666. The company has a 50-day moving average price of $66.28 and a 200-day moving average price of $47.11. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $77.22.

Hedge Funds Weigh In On Rubrik

Several hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC raised its holdings in Rubrik by 6.9% in the third quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock valued at $11,595,000 after buying an additional 23,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Rubrik in the 3rd quarter valued at $323,000. Diversified Trust Co acquired a new position in shares of Rubrik during the 3rd quarter valued at $432,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Rubrik by 24.8% during the 3rd 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. Finally, Bank of Montreal Can purchased a new stake in shares of Rubrik during the 2nd quarter valued at about $427,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citigroup upped their price target on Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Truist Financial raised their price target on Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Guggenheim increased their price objective on shares of Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Barclays lifted their target price on shares of Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, KeyCorp increased their price target on shares of Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $64.67.

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.