Rubrik, Inc. (NYSE:RBRK) CTO Sells $2,061,498.10 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,485 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $63.46, for a total transaction of $2,061,498.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, January 6th, Arvind Nithrakashyap sold 32,499 shares of Rubrik stock. The shares were sold at an average price of $67.66, for a total transaction of $2,198,882.34.

Rubrik Trading Down 1.9 %

Shares of NYSE:RBRK traded down $1.22 during midday trading on Wednesday, reaching $63.12. 2,324,475 shares of the company’s stock traded hands, compared to its average volume of 2,615,752. The company has a fifty day simple moving average of $56.95 and a two-hundred day simple moving average of $42.03. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $75.79.

Institutional Trading of Rubrik

Several institutional investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. acquired a new position in Rubrik in the 3rd quarter valued at $25,000. KBC Group NV purchased a new stake in shares of Rubrik during the third quarter worth $72,000. Quent Capital LLC purchased a new stake in shares of Rubrik during the third quarter worth $192,000. Mount Yale Investment Advisors LLC purchased a new position in shares of Rubrik in the third quarter worth about $208,000. Finally, Sei Investments Co. acquired a new position in Rubrik during the second quarter worth about $235,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Piper Sandler lifted 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. Truist Financial lifted their target price on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Guggenheim increased their price target on shares of Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Mizuho upped their price objective on shares of Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Finally, Wedbush raised their target price on shares of Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target 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.