Rubrik, Inc. (NYSE:RBRK) CTO Sells $2,198,882.34 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,499 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $67.66, for a total value of $2,198,882.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 transaction of $2,061,498.10.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $63.12 on Thursday. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $75.79. The company’s fifty day moving average is $56.95 and its two-hundred day moving average is $42.03.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Oppenheimer started coverage on shares of Rubrik in a report on Wednesday, November 13th. They issued a “market perform” rating on the stock. Mizuho boosted their target price on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Citigroup increased their price target on shares of Rubrik from $48.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 6th. Wedbush boosted their target price on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Piper Sandler raised their price target on Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $64.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RBRK. Brown Brothers Harriman & Co. purchased a new position in shares of Rubrik during the 3rd quarter valued at $25,000. KBC Group NV acquired a new position in Rubrik during the third quarter worth $72,000. Quent Capital LLC acquired a new position in Rubrik in the 3rd quarter valued at $192,000. Mount Yale Investment Advisors LLC acquired a new stake in Rubrik in the 3rd quarter valued at approximately $208,000. Finally, Whalen Wealth Management Inc. acquired a new position in Rubrik during the 3rd quarter valued at $243,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

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.