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 stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $68.03, for a total value of $122,454.00. Following the transaction, the chief financial officer now directly owns 343,774 shares of the company’s stock, valued at approximately $23,386,945.22. This trade represents a 0.52 % decrease in their ownership of the stock. 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 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 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 shares were 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 stock was 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 stock was 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 stock was sold at an average price of $45.04, for a total value of $330,143.20.

Rubrik Trading Down 0.1 %

Shares of RBRK traded down $0.08 during trading hours on Monday, reaching $68.27. 3,719,651 shares of the company traded hands, compared to its average volume of 1,794,694. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $75.79. The company’s fifty day moving average price is $52.77 and its two-hundred day moving average price is $40.11.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC grew its position in Rubrik by 6.9% in the third quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock worth $11,595,000 after acquiring an additional 23,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Rubrik in the third quarter valued at about $323,000. Diversified Trust Co bought a new position in shares of Rubrik during the third quarter valued at approximately $432,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Rubrik by 24.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock valued at $7,998,000 after acquiring an additional 49,372 shares in the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new position in shares of Rubrik in the 2nd quarter worth approximately $2,606,000. Institutional investors own 49.54% of the company’s stock.

Analysts Set New Price Targets

RBRK has been the subject of several recent research reports. Mizuho increased their target price on shares of Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Citigroup boosted their target price on shares of Rubrik from $48.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 6th. Guggenheim boosted their price objective on Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company raised their target price on Rubrik from $40.00 to $76.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, FBN Securities assumed coverage on Rubrik in a report on Monday, September 30th. They set an “outperform” rating and a $40.00 price target on the stock. Two equities 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 stock. Based on data from MarketBeat.com, the company 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.