Rubrik, Inc. (NYSE:RBRK – Get Free Report) Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $89.52, for a total value of $64,543.92. Following the completion of the transaction, the director directly owned 3,709 shares of the company’s stock, valued at $332,029.68. This represents a 16.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Monday, August 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total transaction of $54,075.00.
- On Wednesday, July 1st, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $81.57, for a total transaction of $58,811.97.
- On Tuesday, June 23rd, Yvonne Wassenaar sold 676 shares of Rubrik stock. The shares were sold at an average price of $75.00, for a total transaction of $50,700.00.
Rubrik Stock Performance
Shares of NYSE RBRK traded up $4.97 during trading on Thursday, reaching $92.15. The company had a trading volume of 3,907,118 shares, compared to its average volume of 3,958,328. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $107.91. The business’s 50 day moving average price is $86.36 and its 200-day moving average price is $68.52. The stock has a market cap of $18.97 billion, a PE ratio of -73.13 and a beta of 1.24.
Analyst Ratings Changes
A number of brokerages have commented on RBRK. Cantor Fitzgerald reiterated an “overweight” rating and issued a $120.00 price objective on shares of Rubrik in a research report on Friday, August 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of Rubrik in a report on Wednesday, August 19th. Mizuho lifted their price objective on Rubrik from $90.00 to $112.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Loop Capital assumed coverage on Rubrik in a report on Monday, August 3rd. They set a “buy” rating and a $100.00 price objective for the company. Finally, Stephens restated an “overweight” rating on shares of Rubrik in a research report on Friday, August 28th. Twenty-nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Rubrik has a consensus rating of “Moderate Buy” and a consensus price target of $112.15.
Get Our Latest Analysis on RBRK
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Comerica Bank increased its holdings in Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after purchasing an additional 395 shares during the last quarter. Royal Bank of Canada boosted its holdings in Rubrik by 231.3% during the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock worth $1,789,000 after buying an additional 20,471 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Rubrik by 31.6% during the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after buying an additional 300 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Rubrik by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after buying an additional 236,181 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.
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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