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

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total value of $169,000.00. Following the completion of the sale, the director now owns 153 shares of the company’s stock, valued at approximately $10,342.80. This trade represents a 94.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Rubrik Trading Down 0.8 %

Shares of RBRK opened at $67.68 on Friday. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $75.79. The stock has a fifty day moving average of $60.17 and a 200-day moving average of $43.66.

Analyst Upgrades and Downgrades

RBRK has been the subject of several analyst reports. Guggenheim lifted their price objective on Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a report on Friday, December 6th. KeyCorp boosted their price target on Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Truist Financial upped their price objective on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Cantor Fitzgerald raised their target price on shares of Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Robert W. Baird upped their price target on shares of Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $64.67.

Hedge Funds Weigh In On Rubrik

Institutional investors and hedge funds have recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new stake in shares of Rubrik during the third quarter valued at about $25,000. KBC Group NV acquired a new stake in Rubrik during the 3rd quarter worth approximately $72,000. Quent Capital LLC bought a new stake in Rubrik during the 3rd quarter worth approximately $192,000. Shikiar Asset Management Inc. acquired a new position in Rubrik in the 4th quarter valued at approximately $203,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in Rubrik in the 3rd quarter valued at approximately $208,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

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.