Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 3,973 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 3,973 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $72.34, for a total transaction of $287,406.82. Following the completion of the transaction, the chief financial officer now owns 345,374 shares of the company’s stock, valued at approximately $24,984,355.16. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, December 11th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were 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 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.
• On Monday, November 11th, Kiran Kumar Choudary sold 2,670 shares of Rubrik stock. The stock was sold at an average price of $45.07, for a total transaction of $120,336.90.
• On Friday, November 8th, Kiran Kumar Choudary sold 7,330 shares of Rubrik stock. The shares were sold at an average price of $45.04, for a total transaction of $330,143.20.
• On Wednesday, November 6th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $43.15, for a total value of $77,670.00.

Rubrik Stock Performance

RBRK traded down $1.07 during trading on Thursday, reaching $66.98. 5,119,443 shares of the company were exchanged, compared to its average volume of 1,738,181. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $75.79. The company’s 50-day moving average is $49.37 and its two-hundred day moving average is $38.56.

Institutional Investors Weigh In On Rubrik

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on RBRK shares. Citigroup increased their target price on shares of Rubrik from $48.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. FBN Securities assumed coverage on shares of Rubrik in a research report on Monday, September 30th. They set an “outperform” rating and a $40.00 price objective on the stock. Mizuho boosted their target price on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday. Robert W. Baird increased their price target on Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Barclays upped their target price on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Two investment 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. According to MarketBeat, Rubrik has a consensus rating of “Buy” and a consensus price target of $64.11.

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.