Rubrik, Inc. (NYSE:RBRK) Director Sells $193,275.00 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 2,500 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total transaction of $193,275.00. Following the transaction, the director now directly owns 153 shares of the company’s stock, valued at $11,828.43. This represents a 94.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Yvonne Wassenaar also recently made the following trade(s):

• On Wednesday, January 15th, Yvonne Wassenaar sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $67.60, for a total value of $169,000.00.

Rubrik Stock Performance

Shares of RBRK opened at $69.67 on Friday. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00. The stock’s 50-day moving average is $70.36 and its two-hundred day moving average is $50.63.

Analysts Set New Price Targets

A number of research firms recently weighed in on RBRK. Barclays lifted their price target on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Mizuho boosted their target price on shares of Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. William Blair assumed coverage on shares of Rubrik in a research note on Friday, February 7th. They set a “market perform” rating on the stock. Piper Sandler raised their price objective on shares of Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Finally, Robert W. Baird upped their target price on shares of Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Three equities 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.33.

Hedge Funds Weigh In On Rubrik

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PharVision Advisers LLC acquired a new stake in Rubrik in the fourth quarter valued at approximately $202,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Rubrik by 168.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company’s stock valued at $43,610,000 after purchasing an additional 418,457 shares during the period. Voloridge Investment Management LLC acquired a new stake in Rubrik during the 4th quarter valued at $85,331,000. Washington Harbour Partners LP purchased a new stake in Rubrik during the 4th quarter worth $4,235,000. Finally, Two Sigma Advisers LP acquired a new position in Rubrik in the 4th quarter worth $18,693,000. 49.54% of the stock is owned by institutional investors and hedge funds.

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.