Rubrik, Inc. (NYSE:RBRK – Get Free Report) Director Yvonne Wassenaar sold 676 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $75.00, for a total value of $50,700.00. Following the transaction, the director owned 5,359 shares in the company, valued at approximately $401,925. The trade was a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yvonne Wassenaar also recently made the following trade(s):
- On Wednesday, June 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $80.73, for a total value of $58,206.33.
- On Friday, May 29th, Yvonne Wassenaar sold 2,838 shares of Rubrik stock. The shares were sold at an average price of $75.00, for a total value of $212,850.00.
Rubrik Stock Performance
NYSE:RBRK opened at $71.09 on Friday. The firm has a market cap of $14.63 billion, a PE ratio of -49.03 and a beta of 1.10. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $99.75. The business has a 50 day moving average price of $65.02 and a 200-day moving average price of $62.64.
Institutional Investors Weigh In On Rubrik
Several institutional investors and hedge funds have recently modified their holdings of the stock. Essential Partners LLC increased its position in shares of Rubrik by 99.3% during the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after buying an additional 284 shares during the period. Arkadios Wealth Advisors purchased a new stake in Rubrik in the first quarter worth about $506,000. Smith Group Asset Management LLC bought a new stake in Rubrik during the 1st quarter valued at approximately $617,000. ADAR1 Capital Management LLC bought a new stake in Rubrik during the 1st quarter valued at approximately $240,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Rubrik during the 1st quarter worth approximately $46,000. 49.54% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have issued reports on RBRK. Wolfe Research restated an “outperform” rating and issued a $95.00 price objective on shares of Rubrik in a research report on Friday, June 5th. Stephens reissued an “overweight” rating and issued a $90.00 target price on shares of Rubrik in a research note on Monday, June 15th. Mizuho boosted their price target on Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $95.00 price target (up from $85.00) on shares of Rubrik in a research report on Thursday, June 11th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $90.00 price objective on shares of Rubrik in a report on Monday, June 1st. Twenty-eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.
View Our Latest Report on RBRK
Rubrik Company Profile
Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.
The company’s platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).
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