Rubrik, Inc. (NYSE:RBRK) CFO Sells $112,680.00 in Stock

by · The Cerbat Gem

Rubrik, Inc. (NYSE:RBRK – Get Free Report) CFO Kiran Kumar Choudary sold 1,800 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $62.60, for a total value of $112,680.00. Following the transaction, the chief financial officer now owns 342,174 shares in the company, valued at $21,420,092.40. This trade represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 transaction 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 transaction of $122,454.00.
  • On Tuesday, December 17th, Kiran Kumar Choudary sold 3,973 shares of Rubrik stock. The shares were 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 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 stock was 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 value of $90,684.00.
  • On Friday, November 22nd, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The shares were 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 Stock Down 1.9 %

Rubrik stock traded down $1.22 during trading hours on Wednesday, hitting $63.12. The stock had a trading volume of 2,324,475 shares, compared to its average volume of 2,615,752. The stock’s 50-day moving average price is $56.95 and its 200-day moving average price is $42.03. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $75.79.

Institutional Investors Weigh In On Rubrik

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

Analysts Set New Price Targets

RBRK has been the subject of several research reports. FBN Securities began coverage on shares of Rubrik in a report on Monday, September 30th. They issued an “outperform” rating and a $40.00 price objective for the company. Rosenblatt Securities began coverage on shares of Rubrik in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price target for the company. Guggenheim lifted their price objective on Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Wedbush increased their target price on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, KeyCorp raised their target price on Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $64.11.

Get Our Latest Analysis on Rubrik

Rubrik Company Profile

(Get Free Report)

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.

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