Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 51,924 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 51,924 shares of Rubrik stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $31.41, for a total value of $1,630,932.84. Following the transaction, the chief financial officer now owns 493,360 shares of the company’s stock, valued at approximately $15,496,437.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Rubrik Stock Performance

Shares of RBRK traded up $0.20 during trading hours on Monday, hitting $32.16. 2,021,056 shares of the company were exchanged, compared to its average volume of 1,438,307. The business’s fifty day simple moving average is $33.24. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $40.00.

Hedge Funds Weigh In On Rubrik

Hedge funds have recently bought and sold shares of the company. Dragoneer Investment Group LLC acquired a new stake in shares of Rubrik during the 2nd quarter worth approximately $47,523,000. Clearbridge Investments LLC bought a new stake in Rubrik during the second quarter worth $32,888,000. EPIQ Capital Group LLC acquired a new stake in shares of Rubrik in the 2nd quarter valued at $15,111,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Rubrik in the 2nd quarter valued at $7,665,000. Finally, Zweig DiMenna Associates LLC acquired a new position in shares of Rubrik during the 2nd quarter worth $6,730,000.

Wall Street Analysts Forecast Growth

RBRK has been the subject of several research analyst reports. Wedbush reduced their target price on Rubrik from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Truist Financial reaffirmed a “buy” rating and set a $43.00 price objective on shares of Rubrik in a research report on Tuesday, September 10th. Baird R W raised shares of Rubrik to a “strong-buy” rating in a research report on Monday, July 15th. Piper Sandler initiated coverage on shares of Rubrik in a report on Monday, August 19th. They set an “overweight” rating and a $42.00 target price for the company. Finally, KeyCorp upped their price target on shares of Rubrik from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Sixteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Rubrik currently has an average rating of “Buy” and an average price target of $44.41.

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.