Rubrik, Inc. (NYSE:RBRK) CFO Sells $112,680.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $62.60, for a total transaction of $112,680.00. Following the completion of the sale, the chief financial officer now owns 342,174 shares of the company’s stock, valued at $21,420,092.40. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Kiran Kumar Choudary also recently made the following trade(s):

• On Thursday, January 2nd, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $65.72, for a total value of $118,296.00.
• On Friday, December 27th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $68.03, for a total value of $122,454.00.
• On Tuesday, December 17th, Kiran Kumar Choudary sold 3,973 shares of Rubrik stock. The shares were sold at an average price of $72.34, for a total value of $287,406.82.
• On Wednesday, December 11th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $69.70, for a total value of $125,460.00.
• On Friday, December 6th, Kiran Kumar Choudary sold 30,000 shares of Rubrik stock. The stock was sold at an average price of $65.78, for a total transaction of $1,973,400.00.
• On Wednesday, December 4th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $51.51, for a total transaction of $92,718.00.
• On Tuesday, November 26th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $50.38, for a total transaction of $90,684.00.
• On Friday, November 22nd, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The shares were sold at an average price of $50.31, for a total transaction of $503,100.00.
• On Wednesday, November 20th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $45.00, for a total value of $81,000.00.
• On Thursday, November 14th, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The shares were sold at an average price of $44.48, for a total value of $444,800.00.

Rubrik Stock Down 1.9 %

Shares of RBRK stock opened at $63.12 on Thursday. The firm’s 50 day moving average price is $56.95 and its two-hundred day moving average price is $42.03. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $75.79.

Institutional Investors Weigh In On Rubrik

Institutional investors have recently made changes to their positions in the stock. Dragoneer Investment Group LLC bought a new position in Rubrik during the second quarter worth about $47,523,000. Champlain Investment Partners LLC acquired a new position in Rubrik during the third quarter valued at approximately $44,418,000. Point72 Asset Management L.P. bought a new stake in Rubrik in the third quarter valued at approximately $42,247,000. PointState Capital LP acquired a new stake in Rubrik in the third quarter worth $40,466,000. Finally, Institutional Venture Management XV LLC boosted its position in shares of Rubrik by 3,620.4% during the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after purchasing an additional 1,131,360 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RBRK shares. FBN Securities initiated coverage on Rubrik in a research report on Monday, September 30th. They set an “outperform” rating and a $40.00 price objective on the stock. KeyCorp lifted their target price on shares of Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Barclays upped their price objective on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Cantor Fitzgerald upped their price target on Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Truist Financial lifted their price objective on Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 6th. Two 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. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target 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.