Arvind Nithrakashyap Sells 32,485 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,485 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $70.85, for a total transaction of $2,301,562.25. Following the completion of the sale, the chief technology officer now directly owns 219,279 shares of the company’s stock, valued at $15,535,917.15. The trade was a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Arvind Nithrakashyap also recently made the following trade(s):

• On Wednesday, February 5th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The stock was sold at an average price of $74.85, for a total transaction of $2,431,502.25.
• On Tuesday, January 14th, Arvind Nithrakashyap sold 227,596 shares of Rubrik stock. The stock was sold at an average price of $64.89, for a total transaction of $14,768,704.44.
• On Wednesday, January 8th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $63.46, for a total value of $2,061,498.10.
• On Monday, January 6th, Arvind Nithrakashyap sold 32,499 shares of Rubrik stock. The stock was sold at an average price of $67.66, for a total value of $2,198,882.34.

Rubrik Stock Down 0.3 %

Shares of RBRK opened at $75.34 on Friday. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $77.22. The firm’s 50 day moving average price is $67.31 and its 200 day moving average price is $47.50.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Citigroup upped their target price on Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 17th. Cantor Fitzgerald raised their target price on shares of Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Mizuho boosted their price target on shares of Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Truist Financial upped their price target on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Barclays boosted their target price on shares of Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $64.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sei Investments Co. acquired a new position in Rubrik during the second quarter worth $235,000. Bank of Montreal Can bought a new stake in shares of Rubrik during the 2nd quarter worth about $427,000. Millennium Management LLC acquired a new position in shares of Rubrik during the 2nd quarter valued at about $6,272,000. Diversified Trust Co acquired a new position in shares of Rubrik during the 3rd quarter valued at about $432,000. Finally, Renaissance Capital LLC raised its stake in shares of Rubrik by 190.1% in the 3rd quarter. Renaissance Capital LLC now owns 60,061 shares of the company’s stock valued at $1,931,000 after acquiring an additional 39,354 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

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.