Kiran Kumar Choudary Sells 3,973 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 3,973 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $72.34, for a total transaction of $287,406.82. Following the completion of the sale, the chief financial officer now owns 345,374 shares in the company, valued at approximately $24,984,355.16. This trade represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, December 11th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was 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 shares were 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 transaction 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 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.
• 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 value of $444,800.00.
• On Monday, November 11th, Kiran Kumar Choudary sold 2,670 shares of Rubrik stock. The stock was sold at an average price of $45.07, for a total transaction of $120,336.90.
• On Friday, November 8th, Kiran Kumar Choudary sold 7,330 shares of Rubrik stock. The shares were sold at an average price of $45.04, for a total transaction of $330,143.20.
• On Wednesday, November 6th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $43.15, for a total transaction of $77,670.00.

Rubrik Trading Down 1.3 %

RBRK opened at $66.12 on Friday. The stock has a 50-day moving average of $49.37 and a 200-day moving average of $38.56. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $75.79.

Institutional Investors Weigh In On Rubrik

Large investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. bought a new stake in Rubrik during the third quarter valued at about $25,000. KBC Group NV bought a new stake in Rubrik during the 3rd quarter valued at approximately $72,000. Quent Capital LLC bought a new stake in Rubrik during the 3rd quarter valued at approximately $192,000. Mount Yale Investment Advisors LLC acquired a new stake in Rubrik in the 3rd quarter valued at approximately $208,000. Finally, Sei Investments Co. bought a new position in Rubrik in the 2nd quarter worth approximately $235,000. Institutional investors own 49.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup raised their target price on Rubrik from $48.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. BMO Capital Markets raised their price objective on Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Oppenheimer assumed coverage on Rubrik in a report on Wednesday, November 13th. They issued a “market perform” rating on the stock. Rosenblatt Securities assumed coverage on shares of Rubrik in a research report on Tuesday. They set a “neutral” rating and a $77.00 price objective on the stock. Finally, Mizuho increased their target price on shares of Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two 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. According to data from MarketBeat.com, Rubrik 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.