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 Rubrik stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $65.72, for a total value of $118,296.00. Following the completion of the sale, the chief financial officer now owns 342,974 shares of the company's stock, valued at approximately $22,540,251.28. The trade was a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, December 27th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was 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 shares were 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 value 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 value of $1,973,400.00.
• On Wednesday, December 4th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were 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 stock was 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 shares were sold at an average price of $50.31, for a total transaction 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 transaction of $81,000.00.
• On Thursday, November 14th, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The stock was sold at an average price of $44.48, for a total transaction of $444,800.00.
• On Monday, November 11th, Kiran Kumar Choudary sold 2,670 shares of Rubrik stock. The shares were sold at an average price of $45.07, for a total value of $120,336.90.

Rubrik Price Performance

Shares of RBRK traded up $0.55 during trading hours on Friday, hitting $66.90. The company's stock had a trading volume of 2,606,797 shares, compared to its average volume of 2,125,948. The business has a 50 day simple moving average of $55.55 and a two-hundred day simple moving average of $41.21. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $75.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. purchased a new position in Rubrik during the 3rd quarter valued at about $25,000. KBC Group NV bought a new position in shares of Rubrik in the third quarter valued at approximately $72,000. Quent Capital LLC purchased a new position in Rubrik during the third quarter valued at approximately $192,000. Mount Yale Investment Advisors LLC bought a new stake in Rubrik during the 3rd quarter worth approximately $208,000. Finally, Whalen Wealth Management Inc. bought a new stake in Rubrik during the 3rd quarter worth approximately $243,000. 49.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on Rubrik from $40.00 to $76.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. BMO Capital Markets upped their target price on shares of Rubrik from $38.00 to $72.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Rosenblatt Securities initiated coverage on shares of Rubrik in a research report on Tuesday, December 17th. They set a "neutral" rating and a $77.00 price target on the stock. Piper Sandler upped their price objective on shares of Rubrik from $72.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, December 19th. 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. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $64.11.

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.