Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson Sells 9,009 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 9,009 shares of the business’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 transaction, the director now directly owns 998 shares of the company’s stock, valued at approximately $63,053.64. This trade represents a 90.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 Performance

Shares of NYSE RBRK opened at $61.50 on Wednesday. The stock’s fifty day simple moving average is $69.78 and its 200 day simple moving average is $52.29. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $80.00.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RBRK shares. Guggenheim reissued a “buy” rating and set a $76.00 price target on shares of Rubrik in a report on Wednesday, February 26th. Rosenblatt Securities began coverage on shares of Rubrik in a report on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price objective for the company. Oppenheimer began coverage on shares of Rubrik in a report on Wednesday, November 13th. They issued a “market perform” rating for the company. KeyCorp upped their price objective on shares of Rubrik from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets upped their price objective on shares of Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $65.56.

Hedge Funds Weigh In On Rubrik

Hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. acquired a new stake in shares of Rubrik in the third quarter worth $25,000. Russell Investments Group Ltd. acquired a new stake in shares of Rubrik in the fourth quarter worth $28,000. Global Retirement Partners LLC boosted its position in shares of Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after buying an additional 500 shares during the period. Nemes Rush Group LLC acquired a new stake in shares of Rubrik in the fourth quarter worth $39,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Rubrik in the fourth quarter worth $47,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

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.