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 in the company, valued at $22,540,251.28. This represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 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 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 stock was sold at an average price of $51.51, for a total value 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 value 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 transaction 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 transaction 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 Stock Up 0.8 %

Shares of RBRK opened at $66.90 on Monday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $75.79. The stock has a fifty day simple moving average of $55.55 and a two-hundred day simple moving average of $41.35.

Institutional Investors Weigh In On Rubrik

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. purchased a new stake in shares of Rubrik in the 3rd quarter valued at approximately $25,000. KBC Group NV purchased a new position in Rubrik in the third quarter worth approximately $72,000. Quent Capital LLC purchased a new position in Rubrik in the third quarter worth approximately $192,000. Mount Yale Investment Advisors LLC purchased a new stake in Rubrik in the third quarter valued at $208,000. Finally, Whalen Wealth Management Inc. purchased a new stake in Rubrik in the third quarter valued at $243,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on RBRK shares. Piper Sandler increased their price target on Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Citigroup increased their target price on Rubrik from $48.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Oppenheimer started coverage on shares of Rubrik in a report on Wednesday, November 13th. They issued a “market perform” rating for the company. BMO Capital Markets increased their price objective on shares of Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company boosted their target price on shares of Rubrik from $40.00 to $76.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Two equities research 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 MarketBeat.com, the company has an average rating of “Buy” and a consensus target price 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.