Insider Selling: Rubrik, Inc. (NYSE:RBRK) CTO Sells $2,198,882.34 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,499 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $67.66, for a total value of $2,198,882.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 transaction of $2,061,498.10.

Rubrik Stock Performance

RBRK opened at $63.47 on Friday. The stock’s 50 day simple moving average is $57.40 and its 200 day simple moving average is $42.17. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $75.79.

Analyst Ratings Changes

Several research analysts have commented on RBRK shares. Robert W. Baird raised their price target on shares of Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Barclays boosted their target price on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Guggenheim raised their price target on Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a report on Friday, December 6th. Truist Financial boosted their price objective on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company raised their target price 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. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $64.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RBRK. Janus Henderson Group PLC boosted its position in Rubrik by 6.9% during the 3rd quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock valued at $11,595,000 after buying an additional 23,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Rubrik during the third quarter worth about $323,000. Diversified Trust Co bought a new stake in shares of Rubrik in the third quarter worth about $432,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Rubrik by 24.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock valued at $7,998,000 after purchasing an additional 49,372 shares during the period. Finally, Davidson Kempner Capital Management LP bought a new position in Rubrik during the 2nd quarter valued at approximately $2,606,000. 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.