Insider Selling: Rubrik, Inc. (NYSE:RBRK) CRO Sells 104,672 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 104,672 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $31.32, for a total transaction of $3,278,327.04. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through this link.

Rubrik Stock Up 0.6 %

Rubrik stock traded up $0.20 during midday trading on Monday, reaching $32.16. 2,021,056 shares of the stock traded hands, compared to its average volume of 1,438,307. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $40.00. The stock has a fifty day moving average price of $33.24.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RBRK shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $50.00 target price on shares of Rubrik in a research report on Tuesday, September 10th. FBN Securities began coverage on Rubrik in a report on Monday. They issued an “outperform” rating and a $40.00 price objective for the company. Robert W. Baird initiated coverage on Rubrik in a report on Monday, July 15th. They set an “outperform” rating and a $42.00 target price on the stock. Citigroup boosted their price target on Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, Barclays upped their price target on Rubrik from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th. Sixteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $44.41.

Hedge Funds Weigh In On Rubrik

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Davidson Kempner Capital Management LP acquired a new stake in Rubrik in the 2nd quarter valued at approximately $2,606,000. ARK Investment Management LLC acquired a new position in Rubrik during the 2nd quarter worth $6,043,000. EPIQ Capital Group LLC bought a new position in shares of Rubrik in the second quarter worth $15,111,000. Octahedron Capital Management L.P. acquired a new position in shares of Rubrik during the second quarter valued at $4,936,000. Finally, Liberty Street Advisors Inc. bought a new stake in shares of Rubrik during the second quarter valued at about $4,117,000.

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.