Rubrik, Inc. (NYSE:RBRK) CFO Sells $125,460.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $69.70, for a total transaction of $125,460.00. Following the completion of the transaction, the chief financial officer now directly owns 342,160 shares of the company’s stock, valued at approximately $23,848,552. This trade represents a 0.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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 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 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 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.
• 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 transaction of $330,143.20.
• On Wednesday, November 6th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $43.15, for a total transaction of $77,670.00.
• On Tuesday, October 22nd, Kiran Kumar Choudary sold 11,800 shares of Rubrik stock. The stock was sold at an average price of $38.49, for a total value of $454,182.00.

Rubrik Trading Down 2.7 %

NYSE:RBRK opened at $72.18 on Friday. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $74.99. The stock has a fifty day moving average price of $46.55 and a 200-day moving average price of $37.51.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on RBRK shares. Piper Sandler reiterated an “overweight” rating and set a $72.00 target price (up from $42.00) on shares of Rubrik in a research note on Friday, December 6th. KeyCorp lifted their price objective on shares of Rubrik from $57.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Cantor Fitzgerald upped their price objective on shares of Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Oppenheimer assumed coverage on shares of Rubrik in a research note on Wednesday, November 13th. They set a “market perform” rating for the company. Finally, Wells Fargo & Company upped their price target on shares of Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Rubrik has a consensus rating of “Buy” and a consensus price target of $61.88.

Institutional Investors Weigh In On Rubrik

Several institutional investors and hedge funds have recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new position in Rubrik in the 3rd quarter valued at about $25,000. KBC Group NV acquired a new stake in shares of Rubrik during the 3rd quarter worth approximately $72,000. Quent Capital LLC bought a new position in Rubrik in the third quarter valued at approximately $192,000. Mount Yale Investment Advisors LLC acquired a new position in Rubrik during the third quarter valued at approximately $208,000. Finally, Whalen Wealth Management Inc. bought a new stake in Rubrik during the third quarter worth $243,000. Institutional investors own 49.54% of the company’s stock.

Rubrik Company Profile

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.