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

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 9,009 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $70.98, for a total transaction of $639,458.82. Following the completion of the sale, the director now owns 998 shares of the company’s stock, valued at approximately $70,838.04. This represents a 90.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rubrik Stock Performance

RBRK stock opened at $75.34 on Friday. The firm has a 50 day moving average of $67.31 and a 200-day moving average of $47.50. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $77.22.

Hedge Funds Weigh In On Rubrik

A number of large investors have recently modified their holdings of RBRK. Brown Brothers Harriman & Co. bought a new position in shares of Rubrik in the third quarter valued at approximately $25,000. 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 valued at $33,000 after acquiring an additional 500 shares during the period. Rhumbline Advisers bought a new position in shares of Rubrik in the fourth quarter valued at approximately $64,000. Geneos Wealth Management Inc. bought a new position in shares of Rubrik in the fourth quarter valued at approximately $70,000. Finally, KBC Group NV bought a new position in shares of Rubrik in the third quarter valued at approximately $72,000. 49.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RBRK has been the subject of several analyst reports. Barclays increased their target price on shares of Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Citigroup raised their price objective on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Piper Sandler raised their price objective on shares of Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. BMO Capital Markets raised 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. Finally, Cantor Fitzgerald raised their price objective on shares of Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $64.67.

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.