Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap Sells 32,485 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,485 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $70.85, for a total transaction of $2,301,562.25. Following the sale, the chief technology officer now directly owns 219,279 shares of the company’s stock, valued at approximately $15,535,917.15. This represents a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, February 5th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $74.85, for a total transaction of $2,431,502.25.
• On Tuesday, January 14th, Arvind Nithrakashyap sold 227,596 shares of Rubrik stock. The shares were 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 shares were 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 2.0 %

RBRK opened at $75.60 on Thursday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $77.22. The firm has a fifty day moving average price of $66.80 and a 200 day moving average price of $47.31.

Institutional Trading of Rubrik

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. purchased a new stake in Rubrik during the 2nd quarter worth about $235,000. Bank of Montreal Can purchased a new stake in Rubrik in the second quarter valued at approximately $427,000. Millennium Management LLC acquired a new stake in Rubrik during the 2nd quarter worth $6,272,000. Diversified Trust Co acquired a new position in Rubrik in the 3rd quarter valued at about $432,000. Finally, Renaissance Capital LLC raised its stake in shares of Rubrik by 190.1% during the third quarter. Renaissance Capital LLC now owns 60,061 shares of the company’s stock worth $1,931,000 after purchasing an additional 39,354 shares during the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Cantor Fitzgerald lifted their target price on Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. KeyCorp lifted their price objective on shares of Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Citigroup raised 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. Wedbush raised their price target on shares of Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Guggenheim upped their target price on Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a report on Friday, December 6th. Two 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 stock. According to MarketBeat, Rubrik has an average rating of “Buy” and an average target price of $64.67.

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.