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

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CTO Arvind Nithrakashyap sold 32,485 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $63.77, for a total value of $2,071,568.45. Following the completion of the sale, the chief technology officer now directly owns 219,279 shares in the company, valued at $13,983,421.83. This trade represents a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, March 5th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The stock was sold at an average price of $61.59, for a total value of $2,000,689.56.
• 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 Monday, February 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The stock was 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 shares were 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 shares were sold at an average price of $67.66, for a total value of $2,198,882.34.

Rubrik Trading Down 2.0 %

Shares of NYSE:RBRK traded down $1.16 during mid-day trading on Friday, reaching $57.43. 2,306,736 shares of the company traded hands, compared to its average volume of 2,013,971. The company's 50 day moving average price is $69.14 and its 200-day moving average price is $52.87. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $80.00.

Remove Ads

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RBRK. Piper Sandler boosted their price target on Rubrik from $72.00 to $83.00 and gave the stock an "overweight" rating in a research note on Thursday, December 19th. Wells Fargo & Company upped 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. Rosenblatt Securities started 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. BMO Capital Markets increased their price objective on shares of Rubrik from $38.00 to $72.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, Barclays lifted their target price on shares of Rubrik from $51.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Three 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, Rubrik presently has a consensus rating of "Moderate Buy" and an average price target of $65.56.

Hedge Funds Weigh In On Rubrik

Large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Rubrik during the 4th quarter valued at $277,395,000. Vanguard Group Inc. increased its stake in Rubrik by 114.1% in the 4th quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company's stock worth $413,610,000 after buying an additional 3,372,323 shares in the last quarter. FMR LLC raised its holdings in Rubrik by 172.6% during the fourth quarter. FMR LLC now owns 3,261,925 shares of the company's stock valued at $213,199,000 after acquiring an additional 2,065,444 shares during the period. Champlain Investment Partners LLC purchased a new position in shares of Rubrik in the third quarter valued at about $44,418,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Rubrik in the third quarter valued at about $42,247,000. Hedge funds and other institutional investors 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.