Rubrik, Inc. (NYSE:RBRK) CTO Sells $2,000,689.56 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,484 shares of Rubrik stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $61.59, for a total value of $2,000,689.56. Following the completion of the transaction, the chief technology officer now owns 219,279 shares in the company, valued at $13,505,393.61. This trade represents a 12.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, March 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $63.77, for a total value of $2,071,568.45.
• 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 value of $2,431,502.25.
• On Monday, February 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were 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 value of $14,768,704.44.
• On Wednesday, January 8th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $63.46, for a total value 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 RBRK stock opened at $57.43 on Friday. The stock has a 50 day moving average of $69.36 and a 200 day moving average of $52.60. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.00.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. BMO Capital Markets raised their price target on Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. KeyCorp raised their price target on Rubrik from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Rosenblatt Securities assumed coverage on Rubrik in a report on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price target for the company. Truist Financial raised their price target on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Mizuho raised their price target on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rubrik has a consensus rating of “Moderate Buy” and an average price target of $65.56.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RBRK. ARK Investment Management LLC raised its position in Rubrik by 113.6% during the third quarter. ARK Investment Management LLC now owns 420,932 shares of the company’s stock valued at $13,533,000 after acquiring an additional 223,850 shares in the last quarter. Pathway Capital Management LP purchased a new stake in shares of Rubrik in the third quarter valued at approximately $23,527,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Rubrik in the third quarter valued at approximately $20,774,000. KBC Group NV purchased a new stake in shares of Rubrik in the third quarter valued at approximately $72,000. Finally, Natixis Advisors LLC increased its position in shares of Rubrik by 302.5% in the third quarter. Natixis Advisors LLC now owns 53,271 shares of the company’s stock valued at $1,713,000 after buying an additional 40,036 shares in the last quarter. 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.