Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap Sells 32,499 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,499 shares of Rubrik stock in a transaction on Monday, January 6th. The shares were sold at an average price of $67.66, for a total transaction of $2,198,882.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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.

Rubrik Stock Performance

Rubrik stock opened at $63.12 on Thursday. The stock’s 50 day simple moving average is $56.95 and its two-hundred day simple moving average is $42.03. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $75.79.

Hedge Funds Weigh In On Rubrik

A number of large investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new position in shares of Rubrik in the third quarter valued at approximately $25,000. KBC Group NV purchased a new stake in shares of Rubrik during the third quarter worth approximately $72,000. Quent Capital LLC acquired a new stake in shares of Rubrik in the 3rd quarter worth $192,000. Mount Yale Investment Advisors LLC purchased a new stake in Rubrik in the 3rd quarter valued at approximately $208,000. Finally, Whalen Wealth Management Inc. purchased a new stake in shares of Rubrik in the third quarter valued at approximately $243,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports 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. Oppenheimer began coverage on shares of Rubrik in a research note on Wednesday, November 13th. They issued a “market perform” rating on the stock. Cantor Fitzgerald boosted their price target on Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company raised their target price on shares of Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Mizuho upped their price objective on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Rubrik presently has a consensus rating of “Buy” and a consensus target price of $64.11.

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.