Rubrik, Inc. (NYSE:RBRK) CFO Sells $112,680.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $62.60, for a total value of $112,680.00. Following the completion of the sale, the chief financial officer now directly owns 342,174 shares of the company’s stock, valued at $21,420,092.40. The trade was a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 stock was 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 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 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 shares were 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 stock was 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 shares were sold at an average price of $44.48, for a total transaction of $444,800.00.

Rubrik Price Performance

Shares of RBRK stock traded down $1.22 during trading hours on Wednesday, reaching $63.12. The stock had a trading volume of 2,324,475 shares, compared to its average volume of 2,615,752. The stock’s fifty day simple moving average is $56.95 and its 200 day simple moving average is $42.03. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $75.79.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. purchased a new stake in shares of Rubrik in the third quarter worth $25,000. KBC Group NV bought a new position in Rubrik in the 3rd quarter worth about $72,000. Quent Capital LLC purchased a new stake in shares of Rubrik in the 3rd quarter valued at about $192,000. Mount Yale Investment Advisors LLC bought a new position in shares of Rubrik in the third quarter worth approximately $208,000. Finally, Sei Investments Co. bought a new stake in Rubrik during the second quarter valued at approximately $235,000. 49.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

RBRK has been the subject of a number of recent analyst reports. KeyCorp upped their price objective on shares of Rubrik from $57.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Robert W. Baird increased their price target on Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Cantor Fitzgerald boosted their price objective on Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Citigroup raised 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. Finally, Wedbush increased their price target on shares of Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock 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.