Rubrik, Inc. (NYSE:RBRK – Get Free Report) CFO Kiran Kumar Choudary sold 7,583 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $40.14, for a total value of $304,381.62. Following the completion of the sale, the chief financial officer now owns 438,560 shares in the company, valued at approximately $17,603,798.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Kiran Kumar Choudary also recently made the following trade(s):
- On Monday, October 14th, Kiran Kumar Choudary sold 45,800 shares of Rubrik stock. The shares were sold at an average price of $39.22, for a total value of $1,796,276.00.
- On Thursday, September 26th, Kiran Kumar Choudary sold 51,924 shares of Rubrik stock. The shares were sold at an average price of $31.41, for a total value of $1,630,932.84.
Rubrik Stock Performance
Shares of Rubrik stock traded down $1.02 on Monday, hitting $38.52. 1,256,270 shares of the company’s stock traded hands, compared to its average volume of 1,526,861. The firm has a 50-day moving average price of $33.98. Rubrik, Inc. has a one year low of $28.34 and a one year high of $41.33.
Institutional Trading of Rubrik
Large investors have recently made changes to their positions in the company. Diversified Trust Co bought a new stake in shares of Rubrik in the 3rd quarter valued at $432,000. Davidson Kempner Capital Management LP bought a new position in Rubrik during the 2nd quarter worth about $2,606,000. Bank of Montreal Can bought a new position in Rubrik during the 2nd quarter worth about $427,000. ARK Investment Management LLC bought a new position in Rubrik during the 2nd quarter worth about $6,043,000. Finally, EPIQ Capital Group LLC bought a new position in Rubrik during the 2nd quarter worth about $15,111,000.
Analyst Ratings Changes
Several research analysts have recently commented on RBRK shares. Baird R W raised Rubrik to a “strong-buy” rating in a report on Monday, July 15th. Guggenheim reissued a “buy” rating and issued a $48.00 target price on shares of Rubrik in a report on Tuesday, June 25th. Cantor Fitzgerald reissued an “overweight” rating and issued a $50.00 target price on shares of Rubrik in a report on Tuesday, September 10th. Piper Sandler started coverage on Rubrik in a report on Monday, August 19th. They issued an “overweight” rating and a $42.00 target price on the stock. Finally, Wedbush boosted their target price on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Sixteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $44.65.
Read Our Latest Report on RBRK
About Rubrik
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.
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