Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap Sells 32,484 Shares

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CTO Arvind Nithrakashyap sold 32,484 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $61.59, for a total value of $2,000,689.56. Following the sale, the chief technology officer now directly owns 219,279 shares in the company, valued at $13,505,393.61. The trade was a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, March 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $63.77, for a total value of $2,071,568.45.
• 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 value of $2,431,502.25.
• On Monday, February 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $70.85, for a total transaction of $2,301,562.25.
• 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 transaction of $2,061,498.10.
• 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 Stock Down 2.0 %

Rubrik stock traded down $1.16 during mid-day trading on Friday, reaching $57.43. 2,306,736 shares of the company were exchanged, compared to its average volume of 2,013,971. The business has a fifty day moving average of $69.14 and a 200 day moving average of $52.87. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00.

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Analyst Ratings Changes

A number of research firms have recently commented on RBRK. Robert W. Baird upped their target price on Rubrik from $48.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Truist Financial boosted their price objective on Rubrik from $50.00 to $75.00 and gave the company a "buy" rating in a report on Friday, December 6th. William Blair initiated coverage on Rubrik in a research note on Friday, February 7th. They issued a "market perform" rating on the stock. BMO Capital Markets boosted their target price on shares of Rubrik from $38.00 to $72.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Finally, Mizuho raised their price target on shares of Rubrik from $75.00 to $82.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Rubrik currently has an average rating of "Moderate Buy" and a consensus target price of $65.56.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. PharVision Advisers LLC purchased a new position in Rubrik in the fourth quarter valued at about $202,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Rubrik by 168.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock valued at $43,610,000 after buying an additional 418,457 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Rubrik in the 4th quarter worth approximately $85,331,000. Washington Harbour Partners LP bought a new position in shares of Rubrik during the 4th quarter worth approximately $4,235,000. Finally, Two Sigma Advisers LP purchased a new stake in Rubrik during the fourth quarter valued at approximately $18,693,000. 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.