Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy Sells 104,672 Shares

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 104,672 shares of Rubrik stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $31.32, for a total value of $3,278,327.04. Following the sale, the executive now directly owns 462,545 shares in the company, valued at $14,486,909.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $32.16 on Tuesday. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $40.00. The stock’s 50-day moving average is $33.24.

Analyst Ratings Changes

RBRK has been the topic of several recent research reports. KeyCorp lifted their price objective on Rubrik from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, June 12th. Robert W. Baird started coverage on shares of Rubrik in a report on Monday, July 15th. They issued an “outperform” rating and a $42.00 price target on the stock. Wells Fargo & Company reduced their price objective on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, September 10th. Cantor Fitzgerald reissued an “overweight” rating and issued a $50.00 target price on shares of Rubrik in a research note on Tuesday, September 10th. Finally, Baird R W upgraded shares of Rubrik to a “strong-buy” rating in a research note on Monday, July 15th. Sixteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $44.41.

Hedge Funds Weigh In On Rubrik

A number of institutional investors have recently modified their holdings of RBRK. Dragoneer Investment Group LLC acquired a new stake in shares of Rubrik in the second quarter valued at approximately $47,523,000. Clearbridge Investments LLC acquired a new stake in shares of Rubrik in the 2nd quarter valued at $32,888,000. EPIQ Capital Group LLC bought a new stake in shares of Rubrik during the second quarter worth $15,111,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Rubrik in the second quarter valued at about $7,665,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in Rubrik in the second quarter worth about $6,730,000.

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.