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

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of Rubrik stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $65.72, for a total transaction of $118,296.00. Following the transaction, the chief financial officer now owns 342,974 shares in the company, valued at approximately $22,540,251.28. This trade represents a 0.52 % decrease in their position. The transaction 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 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 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 value 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 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 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 stock was 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 shares were sold at an average price of $45.07, for a total value of $120,336.90.

Rubrik Price Performance

Rubrik stock opened at $66.90 on Monday. The firm has a 50-day moving average of $55.55 and a two-hundred day moving average of $41.35. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $75.79.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Piper Sandler increased their target price on Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Cantor Fitzgerald increased their price objective on shares of Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. FBN Securities began coverage on shares of Rubrik in a report on Monday, September 30th. They issued an “outperform” rating and a $40.00 target price on the stock. Robert W. Baird increased their price target on shares of Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Mizuho boosted their price objective on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $64.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Garden State Investment Advisory Services LLC purchased a new position in Rubrik during the 3rd quarter valued at about $394,000. Barclays PLC increased its holdings in Rubrik by 140.6% during the third quarter. Barclays PLC now owns 12,029 shares of the company’s stock valued at $386,000 after buying an additional 7,029 shares during the period. Geode Capital Management LLC raised its stake in Rubrik by 133.3% in the third quarter. Geode Capital Management LLC now owns 568,646 shares of the company’s stock worth $18,290,000 after buying an additional 324,951 shares in the last quarter. XTX Topco Ltd bought a new position in Rubrik in the third quarter worth approximately $571,000. Finally, State Street Corp lifted its holdings in Rubrik by 368.9% during the third quarter. State Street Corp now owns 421,096 shares of the company’s stock worth $13,538,000 after buying an additional 331,296 shares during the period. Institutional investors own 49.54% of the company’s stock.

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.