Barry Eggers Sells 100,000 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) major shareholder Barry Eggers sold 100,000 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $32.74, for a total transaction of $3,274,000.00. Following the transaction, the insider now owns 56,736 shares of the company’s stock, valued at $1,857,536.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Rubrik Trading Up 0.7 %

Shares of Rubrik stock opened at $33.59 on Wednesday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $40.00. The business has a 50 day moving average price of $33.44.

Hedge Funds Weigh In On Rubrik

Hedge funds have recently modified their holdings of the company. Davidson Kempner Capital Management LP purchased a new stake in Rubrik in the 2nd quarter worth approximately $2,606,000. ARK Investment Management LLC bought a new stake in Rubrik in the second quarter valued at $6,043,000. EPIQ Capital Group LLC bought a new stake in Rubrik in the second quarter valued at $15,111,000. Octahedron Capital Management L.P. purchased a new position in Rubrik during the 2nd quarter valued at $4,936,000. Finally, Liberty Street Advisors Inc. bought a new position in Rubrik in the 2nd quarter worth $4,117,000.

Analysts Set New Price Targets

Several research firms recently commented on RBRK. Piper Sandler assumed coverage on Rubrik in a research report on Monday, August 19th. They set an “overweight” rating and a $42.00 target price for the company. Baird R W upgraded shares of Rubrik to a “strong-buy” rating in a research report on Monday, July 15th. BMO Capital Markets dropped their target price on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Truist Financial reissued a “buy” rating and issued a $43.00 price target on shares of Rubrik in a report on Tuesday, September 10th. Finally, KeyCorp lifted their price objective on shares of Rubrik from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, June 12th. Fifteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $44.69.

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.