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

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $77.31, for a total value of $193,275.00. Following the transaction, the director now owns 153 shares of the company’s stock, valued at approximately $11,828.43. This trade represents a 94.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 transaction of $169,000.00.

Rubrik Stock Down 3.5 %

RBRK stock opened at $69.67 on Friday. The firm’s 50-day simple moving average is $70.36 and its 200 day simple moving average is $50.63. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Rubrik by 114.1% during the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company’s stock worth $413,610,000 after buying an additional 3,372,323 shares during the period. Norges Bank bought a new stake in Rubrik during the 4th quarter valued at $277,395,000. FMR LLC boosted its position in Rubrik by 172.6% during the 4th quarter. FMR LLC now owns 3,261,925 shares of the company’s stock worth $213,199,000 after acquiring an additional 2,065,444 shares during the period. First Trust Advisors LP grew its stake in shares of Rubrik by 26.6% in the fourth quarter. First Trust Advisors LP now owns 3,156,035 shares of the company’s stock worth $206,278,000 after purchasing an additional 662,914 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Rubrik by 27.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,979,184 shares of the company’s stock valued at $129,359,000 after purchasing an additional 427,149 shares during the period. Institutional investors own 49.54% of the company’s stock.

Wall Street Analysts Forecast Growth

RBRK has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Guggenheim lifted their price target on Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Truist Financial upped their price objective on Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Rosenblatt Securities started coverage on Rubrik in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 target price for the company. Finally, Oppenheimer initiated coverage on Rubrik in a report on Wednesday, November 13th. They issued a “market perform” rating for the company. Three 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.33.

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.