Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap Sells 32,484 Shares

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,484 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $61.59, for a total value of $2,000,689.56. Following the completion of the sale, the chief technology officer now directly owns 219,279 shares of the company’s stock, valued at $13,505,393.61. The trade was a 12.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Arvind Nithrakashyap also recently made the following trade(s):

• On Monday, March 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The stock was sold at an average price of $63.77, for a total value of $2,071,568.45.
• On Wednesday, February 5th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The stock was sold at an average price of $74.85, for a total value of $2,431,502.25.
• On Monday, February 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The stock was sold at an average price of $70.85, for a total value of $2,301,562.25.
• On Tuesday, January 14th, Arvind Nithrakashyap sold 227,596 shares of Rubrik stock. The stock was sold at an average price of $64.89, for a total value of $14,768,704.44.
• On Wednesday, January 8th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The stock was sold at an average price of $63.46, for a total value of $2,061,498.10.
• On Monday, January 6th, Arvind Nithrakashyap sold 32,499 shares of Rubrik stock. The stock was sold at an average price of $67.66, for a total value of $2,198,882.34.

Rubrik Trading Up 2.4 %

NYSE:RBRK opened at $63.05 on Thursday. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00. The stock has a 50 day moving average of $69.65 and a two-hundred day moving average of $52.49.

Analyst Upgrades and Downgrades

A number of analysts have commented on RBRK shares. Robert W. Baird lifted their price target on Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Citigroup boosted their price objective on Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 17th. William Blair started coverage on Rubrik in a report on Friday, February 7th. They issued a “market perform” rating for the company. Cantor Fitzgerald boosted their price objective on Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Mizuho boosted their price objective on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Three equities research 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 MarketBeat.com, Rubrik currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.56.

Institutional Investors Weigh In On Rubrik

Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in Rubrik during the 4th quarter worth approximately $28,000. Global Retirement Partners LLC boosted its holdings in shares of Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after purchasing an additional 500 shares during the last quarter. Nemes Rush Group LLC acquired a new position in shares of Rubrik during the 4th quarter worth approximately $39,000. Point72 Hong Kong Ltd acquired a new position in shares of Rubrik during the 4th quarter worth approximately $47,000. Finally, Quarry LP acquired a new position in shares of Rubrik during the 4th quarter worth approximately $48,000. 49.54% of the stock is currently owned by hedge funds and other 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.