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

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $65.72, for a total transaction of $118,296.00. Following the completion of the transaction, the chief financial officer now owns 342,974 shares of the company’s stock, valued at approximately $22,540,251.28. The trade was a 0.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, December 27th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were 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 value of $287,406.82.
• 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 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 transaction 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 shares were 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 stock was sold at an average price of $45.00, for a total value of $81,000.00.
• On Thursday, November 14th, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The shares were 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 shares were sold at an average price of $45.07, for a total transaction of $120,336.90.

Rubrik Stock Up 0.8 %

Rubrik stock traded up $0.55 during trading hours on Friday, hitting $66.90. 2,606,797 shares of the company traded hands, compared to its average volume of 2,125,948. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $75.79. The firm’s 50-day simple moving average is $55.00 and its two-hundred day simple moving average is $40.96.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

A number of brokerages have weighed in on RBRK. BMO Capital Markets lifted their price objective on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Piper Sandler upped their price objective on Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Mizuho raised their target price on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Robert W. Baird upped their price target on shares of Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Rosenblatt Securities began 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. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Rubrik has an average 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.