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

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 104,672 shares of the firm’s stock in a transaction on 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 transaction, the executive now directly owns 462,545 shares of the company’s stock, valued at approximately $14,486,909.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Rubrik Stock Up 0.6 %

RBRK traded up $0.20 during trading on Monday, hitting $32.16. 2,021,056 shares of the company’s stock were exchanged, compared to its average volume of 1,438,307. The stock’s 50 day moving average is $33.24. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $40.00.

Analysts Set New Price Targets

RBRK has been the subject of a number of recent research reports. Truist Financial reiterated a “buy” rating and set a $43.00 price objective on shares of Rubrik in a research report on Tuesday, September 10th. CIBC boosted their price objective on shares of Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a research report on Tuesday, September 10th. Guggenheim restated a “buy” rating and set a $48.00 target price on shares of Rubrik in a research report on Tuesday, June 25th. Wedbush lowered their target price on shares of Rubrik from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Finally, Baird R W upgraded Rubrik to a “strong-buy” rating in a report on Monday, July 15th. Sixteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $44.41.

Institutional Trading of Rubrik

Several large investors have recently added to or reduced their stakes in RBRK. Register Financial Advisors LLC purchased a new stake in shares of Rubrik during the second quarter valued at approximately $227,000. Sei Investments Co. purchased a new stake in Rubrik during the 2nd quarter worth $235,000. PFG Investments LLC acquired a new position in Rubrik in the 2nd quarter worth $242,000. Natixis Advisors LLC purchased a new position in Rubrik in the 2nd quarter valued at about $406,000. Finally, Bank of Montreal Can purchased a new position in Rubrik in the 2nd quarter valued at about $427,000.

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.