Rubrik, Inc. (NYSE:RBRK) CFO Sells $118,296.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $65.72, for a total transaction of $118,296.00. Following the completion of the sale, the chief financial officer now owns 342,974 shares of the company’s stock, valued at approximately $22,540,251.28. The trade was a 0.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 stock was 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 transaction of $125,460.00.
• On Friday, December 6th, Kiran Kumar Choudary sold 30,000 shares of Rubrik stock. The shares were 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 stock was 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 shares were 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 stock was sold at an average price of $50.31, for a total value of $503,100.00.
• On Wednesday, November 20th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was 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.
• On Monday, November 11th, Kiran Kumar Choudary sold 2,670 shares of Rubrik stock. The stock was sold at an average price of $45.07, for a total value of $120,336.90.

Rubrik Trading Up 0.8 %

Shares of RBRK opened at $66.90 on Friday. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $75.79. The company’s fifty day moving average is $55.55 and its two-hundred day moving average is $41.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC purchased a new position in shares of Rubrik in the 2nd quarter worth about $47,523,000. Champlain Investment Partners LLC acquired a new stake in Rubrik during the 3rd quarter worth approximately $44,418,000. Point72 Asset Management L.P. purchased a new position in Rubrik in the third quarter valued at approximately $42,247,000. PointState Capital LP acquired a new position in Rubrik during the third quarter valued at approximately $40,466,000. Finally, Institutional Venture Management XV LLC grew its stake in 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 buying an additional 1,131,360 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RBRK. Guggenheim raised their target price on shares of Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a report on Friday, December 6th. Piper Sandler raised their price objective on shares of Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Wells Fargo & Company increased their target price on Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a report on Friday, December 6th. KeyCorp raised their price target on Rubrik from $57.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Mizuho upped their price objective on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $64.11.

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.