Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap Sells 32,485 Shares

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,485 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $70.85, for a total transaction of $2,301,562.25. Following the completion of the sale, the chief technology officer now owns 219,279 shares of the company’s stock, valued at $15,535,917.15. This trade represents a 12.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, February 5th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $74.85, for a total transaction of $2,431,502.25.
• On Tuesday, January 14th, Arvind Nithrakashyap sold 227,596 shares of Rubrik stock. The stock was sold at an average price of $64.89, for a total transaction of $14,768,704.44.
• On Wednesday, January 8th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The stock was sold at an average price of $63.46, for a total value of $2,061,498.10.
• On Monday, January 6th, Arvind Nithrakashyap sold 32,499 shares of Rubrik stock. The shares were sold at an average price of $67.66, for a total transaction of $2,198,882.34.

Rubrik Price Performance

Shares of NYSE RBRK opened at $75.60 on Thursday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $77.22. The business has a fifty day moving average of $66.80 and a two-hundred day moving average of $47.31.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RBRK shares. Guggenheim raised their target price on shares of Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Piper Sandler lifted their price target on shares of Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Barclays boosted their price objective on shares of Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. KeyCorp lifted their target price on Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Truist Financial upped their price target on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Two research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $64.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC raised its stake in shares of Rubrik by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after acquiring an additional 300 shares during the last quarter. KBC Group NV lifted its holdings in Rubrik by 19.1% during the 4th quarter. KBC Group NV now owns 2,679 shares of the company’s stock worth $175,000 after buying an additional 430 shares in the last quarter. Global Retirement Partners LLC boosted its position in Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after buying an additional 500 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Rubrik during the third quarter worth $25,000. Finally, Hamilton Lane Advisors LLC lifted its stake in shares of Rubrik by 3.0% during the fourth quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company’s stock valued at $2,224,000 after acquiring an additional 980 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

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.