Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 1,800 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $66.52, for a total value of $119,736.00. Following the completion of the sale, the chief financial officer now owns 341,374 shares of the company’s stock, valued at approximately $22,708,198.48. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, January 8th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $62.60, for a total value of $112,680.00.
• On Thursday, January 2nd, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were 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 stock was 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 transaction 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 value 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 shares were sold at an average price of $45.00, for a total value of $81,000.00.

Rubrik Price Performance

Shares of RBRK opened at $67.68 on Friday. The firm has a fifty day moving average of $60.17 and a 200-day moving average of $43.66. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $75.79.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RBRK shares. BMO Capital Markets increased their target price on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. FBN Securities began coverage on shares of Rubrik in a research note on Monday, September 30th. They set an “outperform” rating and a $40.00 price objective on the stock. Citigroup raised their price objective on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler upped their target price 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, Oppenheimer began coverage on Rubrik in a research note on Wednesday, November 13th. They issued a “market perform” rating for the company. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Rubrik has a consensus rating of “Buy” and a consensus target price of $64.67.

Institutional Trading of Rubrik

Several hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in shares of Rubrik by 6.9% in the third quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock valued at $11,595,000 after purchasing an additional 23,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Rubrik in the 3rd quarter valued at approximately $323,000. Diversified Trust Co bought a new stake in Rubrik during the 3rd quarter valued at $432,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Rubrik by 24.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock worth $7,998,000 after acquiring an additional 49,372 shares during the period. Finally, Davidson Kempner Capital Management LP bought a new position in shares of Rubrik in the second quarter worth $2,606,000. 49.54% of the stock is currently owned by institutional investors.

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.