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 business’s stock in a transaction 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 sale, the chief financial officer now owns 342,174 shares of the company’s stock, valued at approximately $21,420,092.40. The trade was a 0.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 value 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 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 shares were 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 stock was 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 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 stock was sold at an average price of $44.48, for a total value of $444,800.00.

Rubrik Trading Down 1.9 %

Shares of RBRK opened at $63.12 on Thursday. The business’s 50-day moving average is $56.95 and its 200-day moving average is $42.03. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $75.79.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. acquired a new stake in shares of Rubrik during the 3rd quarter valued at $25,000. KBC Group NV purchased a new stake in shares of Rubrik during the third quarter worth $72,000. Quent Capital LLC acquired a new stake in Rubrik during the third quarter valued at $192,000. Mount Yale Investment Advisors LLC purchased a new position in Rubrik in the third quarter valued at about $208,000. Finally, Sei Investments Co. acquired a new position in Rubrik in the 2nd quarter worth about $235,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RBRK. KeyCorp upped their price target on shares of Rubrik from $57.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Mizuho lifted their price target on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Citigroup upped their price objective on Rubrik from $48.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 6th. Oppenheimer began coverage on Rubrik in a report on Wednesday, November 13th. They set a “market perform” rating on the stock. Finally, Rosenblatt Securities initiated coverage on shares of Rubrik in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 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 given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average 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.