Insider Selling: Rubrik, Inc. (NYSE:RBRK) CFO Sells 3,973 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 3,973 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $72.34, for a total transaction of $287,406.82. Following the transaction, the chief financial officer now directly owns 345,374 shares in the company, valued at $24,984,355.16. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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 shares were 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 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 shares were sold at an average price of $45.00, for a total transaction of $81,000.00.
• On Thursday, November 14th, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The shares were 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 value of $77,670.00.

Rubrik Stock Down 1.6 %

Shares of NYSE RBRK opened at $66.98 on Friday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $75.79. The firm’s 50-day moving average is $49.37 and its 200-day moving average is $38.56.

Analysts Set New Price Targets

Several brokerages recently commented on RBRK. Wedbush boosted their price target on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Truist Financial boosted their target price on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Barclays upped their target price on shares of Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Oppenheimer initiated coverage on shares of Rubrik in a report on Wednesday, November 13th. They set a “market perform” rating for the company. Finally, BMO Capital Markets upped their price objective on shares of Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Two 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 stock. According to data from MarketBeat, Rubrik has a consensus rating of “Buy” and an average target price of $64.11.

Hedge Funds Weigh In On Rubrik

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zweig DiMenna Associates LLC acquired a new position in Rubrik in the second quarter valued at about $6,730,000. EFG Asset Management North America Corp. acquired a new stake in shares of Rubrik in the 2nd quarter valued at approximately $925,000. ARK Investment Management LLC bought a new position in Rubrik during the 2nd quarter worth approximately $6,043,000. Cisco Systems Inc. acquired a new position in Rubrik during the second quarter valued at approximately $5,613,000. Finally, Commonwealth Equity Services LLC bought a new stake in Rubrik in the second quarter valued at approximately $503,000. 49.54% of the stock is owned by institutional investors.

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.