Insider Selling: Rubrik, Inc. (NYSE:RBRK) CFO Sells 1,800 Shares of Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 1,800 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $66.52, for a total value of $119,736.00. Following the transaction, the chief financial officer now directly owns 341,374 shares in the company, valued at approximately $22,708,198.48. The trade was a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, January 8th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $62.60, for a total value of $112,680.00.
• On Thursday, January 2nd, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $65.72, for a total value of $118,296.00.
• On Friday, December 27th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $68.03, for a total transaction of $122,454.00.
• On Tuesday, December 17th, Kiran Kumar Choudary sold 3,973 shares of Rubrik stock. The stock was sold at an average price of $72.34, for a total transaction of $287,406.82.
• On Wednesday, December 11th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were 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 stock was 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 stock was 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 shares were 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 stock was 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 value of $81,000.00.

Rubrik Stock Performance

Rubrik stock traded down $0.61 during midday trading on Friday, reaching $67.63. The stock had a trading volume of 1,568,929 shares, compared to its average volume of 2,342,073. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $75.79. The company has a fifty day moving average of $59.71 and a 200 day moving average of $43.40.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Robert W. Baird upped their price target on shares of Rubrik from $48.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Citigroup raised their price target on Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a report on Friday. KeyCorp lifted their target price on Rubrik from $57.00 to $75.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. FBN Securities assumed coverage on shares of Rubrik in a research report on Monday, September 30th. They set an "outperform" rating and a $40.00 target price for the company. Finally, Rosenblatt Securities initiated coverage on shares of Rubrik in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $77.00 price target on the stock. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $64.67.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC purchased a new position in Rubrik during the 2nd quarter valued at $503,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Rubrik during the second quarter worth $3,270,000. Sei Investments Co. purchased a new stake in shares of Rubrik during the second quarter valued at $235,000. Octahedron Capital Management L.P. bought a new position in shares of Rubrik in the second quarter worth about $4,936,000. Finally, Ensign Peak Advisors Inc purchased a new position in Rubrik in the 2nd quarter worth about $6,287,000. 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.