Rubrik, Inc. (NYSE:RBRK) CTO Sells $2,061,498.10 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,485 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $63.46, for a total transaction of $2,061,498.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 transaction of $2,198,882.34.

Rubrik Trading Up 0.4 %

Shares of RBRK stock opened at $63.47 on Friday. The company has a fifty day moving average price of $57.40 and a two-hundred day moving average price of $42.17. Rubrik, Inc. has a one year low of $28.34 and a one year high of $75.79.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Mizuho upped their price objective on shares of Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Guggenheim raised their price target on Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Barclays boosted their price objective on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Rosenblatt Securities assumed coverage on shares of Rubrik in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price target on the stock. Finally, Robert W. Baird increased their price objective on shares of Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $64.11.

Institutional Investors Weigh In On Rubrik

Hedge funds have recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in Rubrik in the third quarter valued at approximately $25,000. KBC Group NV acquired a new position in shares of Rubrik during the 3rd quarter worth approximately $72,000. Quent Capital LLC bought a new stake in Rubrik in the 3rd quarter valued at $192,000. Mount Yale Investment Advisors LLC acquired a new stake in Rubrik during the 3rd quarter valued at $208,000. Finally, Sei Investments Co. bought a new position in Rubrik during the second quarter worth $235,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

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.