Kiran Kumar Choudary Sells 1,800 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of Rubrik stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $62.60, for a total transaction of $112,680.00. Following the transaction, the chief financial officer now owns 342,174 shares in the company, valued at $21,420,092.40. The trade was a 0.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, January 2nd, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $65.72, for a total value of $118,296.00.
• 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 value 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 value of $287,406.82.
• 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 value 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 shares were sold at an average price of $50.38, for a total transaction 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 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 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.

Rubrik Stock Performance

Rubrik stock opened at $63.47 on Friday. The company has a 50-day simple moving average of $57.40 and a 200-day simple moving average of $42.17. Rubrik, Inc. has a one year low of $28.34 and a one year high of $75.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RBRK. Brown Brothers Harriman & Co. bought a new stake in shares of Rubrik during the third quarter valued at approximately $25,000. KBC Group NV bought a new stake in Rubrik during the 3rd quarter valued at $72,000. Quent Capital LLC acquired a new position in Rubrik during the 3rd quarter worth $192,000. Mount Yale Investment Advisors LLC bought a new position in shares of Rubrik in the third quarter worth $208,000. Finally, Sei Investments Co. acquired a new position in shares of Rubrik during the second quarter valued at $235,000. Institutional investors own 49.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Robert W. Baird lifted their price objective on Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Cantor Fitzgerald upped their price target on shares of Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. FBN Securities initiated coverage on shares of Rubrik in a report on Monday, September 30th. They set an “outperform” rating and a $40.00 price objective for the company. Truist Financial upped their target price on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Wedbush increased their price target on shares of Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Two research 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, the stock currently 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.