Brian K. Mccarthy Sells 65,517 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 65,517 shares of Rubrik stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $66.06, for a total transaction of $4,328,053.02. Following the transaction, the executive now directly owns 406,043 shares of the company’s stock, valued at approximately $26,823,200.58. This trade represents a 13.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Rubrik Price Performance

Shares of NYSE:RBRK traded down $1.22 during trading on Wednesday, hitting $63.12. The company’s stock had a trading volume of 2,324,475 shares, compared to its average volume of 2,615,752. The company has a 50-day moving average of $56.95 and a 200-day moving average of $42.03. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $75.79.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. bought a new stake in shares of Rubrik during the 3rd quarter valued at $25,000. KBC Group NV purchased a new position in Rubrik during the third quarter valued at $72,000. Quent Capital LLC purchased a new position in Rubrik during the third quarter valued at $192,000. Mount Yale Investment Advisors LLC bought a new stake in Rubrik during the third quarter valued at about $208,000. Finally, Sei Investments Co. purchased a new stake in Rubrik in the second quarter worth about $235,000. 49.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RBRK has been the subject of several recent research reports. Citigroup lifted their target price on shares of Rubrik from $48.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 6th. Guggenheim increased their target price on Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. FBN Securities began coverage on shares of Rubrik in a research note on Monday, September 30th. They issued an “outperform” rating and a $40.00 target price on the stock. Wedbush raised their price target on shares of Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Robert W. Baird upped their price objective on Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $64.11.

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.