Kiran Kumar Choudary Sells 1,800 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Posted by Michael Baxter on Jan 10th, 2025

Rubrik, Inc. (NYSE:RBRK – Get Free Report) CFO Kiran Kumar Choudary sold 1,800 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $62.60, for a total transaction 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 approximately $21,420,092.40. This trade represents a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 transaction 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 value 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 transaction of $90,684.00.
On Friday, November 22nd, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The stock was 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 shares were 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 stock was sold at an average price of $44.48, for a total transaction of $444,800.00.

Rubrik Price Performance

Shares of NYSE RBRK opened at $63.12 on Friday. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $75.79. The firm has a 50-day moving average of $57.40 and a two-hundred day moving average of $42.17.

Institutional Trading of Rubrik

Several large investors have recently added to or reduced their stakes in RBRK. Dragoneer Investment Group LLC acquired a new position in Rubrik in the 2nd quarter valued at approximately $47,523,000. Champlain Investment Partners LLC acquired a new position in Rubrik in the 3rd quarter valued at $44,418,000. Point72 Asset Management L.P. bought a new position in Rubrik in the 3rd quarter worth $42,247,000. PointState Capital LP acquired a new position in Rubrik during the 3rd quarter worth $40,466,000. Finally, Institutional Venture Management XV LLC boosted its stake in Rubrik by 3,620.4% during the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock valued at $37,378,000 after purchasing an additional 1,131,360 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on RBRK shares. Citigroup boosted their price objective on shares of Rubrik from $48.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Wedbush lifted their price target on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Robert W. Baird raised their target price on Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Rosenblatt Securities started coverage on shares of Rubrik in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price objective for the company. Finally, Piper Sandler lifted their price target on shares of Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Rubrik has an average rating of “Buy” and an average price target of $64.11.

View Our Latest Report on Rubrik

Rubrik Company Profile

(Get Free Report)

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.