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

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,485 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $74.85, for a total value of $2,431,502.25. Following the completion of the transaction, the chief technology officer now owns 219,279 shares of the company’s stock, valued at $16,413,033.15. The trade was a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 value 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 Stock Performance

Shares of RBRK opened at $74.52 on Friday. The firm has a 50 day moving average price of $67.78 and a 200-day moving average price of $47.78. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $79.05.

Analyst Upgrades and Downgrades

RBRK has been the topic of several recent research reports. Piper Sandler increased their price target on Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Robert W. Baird boosted their target price 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. Cantor Fitzgerald raised their price target on shares of Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Barclays increased their price objective on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Oppenheimer initiated coverage on shares of Rubrik in a report on Wednesday, November 13th. They set a “market perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and a consensus target price of $64.67.

Institutional Trading of Rubrik

Several institutional investors have recently added to or reduced their stakes in RBRK. HighTower Advisors LLC purchased a new position in shares of Rubrik in the fourth quarter worth $1,495,000. Endowment Wealth Management Inc. bought a new stake in Rubrik in the 4th quarter worth $655,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Rubrik by 82.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,359 shares of the company’s stock valued at $1,200,000 after acquiring an additional 8,300 shares during the period. Amundi bought a new position in shares of Rubrik during the fourth quarter valued at about $2,329,000. Finally, Haven Private LLC purchased a new stake in shares of Rubrik during the fourth quarter worth about $480,000. 49.54% of the stock is currently owned by hedge funds and other 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.