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

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $68.03, for a total value of $122,454.00. Following the sale, the chief financial officer now directly owns 343,774 shares in the company, valued at $23,386,945.22. This trade represents a 0.52 % decrease in their position. The sale 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 Tuesday, December 17th, Kiran Kumar Choudary sold 3,973 shares of Rubrik stock. The stock was 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 shares were 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 stock was 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 shares were 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 stock was 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 shares were sold at an average price of $44.48, for a total transaction 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.

Rubrik Price Performance

Shares of RBRK opened at $68.27 on Tuesday. Rubrik, Inc. has a one year low of $28.34 and a one year high of $75.79. The stock has a 50-day moving average price of $52.77 and a 200 day moving average price of $40.11.

Institutional Trading of Rubrik

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RBRK. Wells Fargo & Company lifted their price objective on Rubrik from $40.00 to $76.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Barclays boosted their price objective on shares of Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. KeyCorp raised their target price on shares of Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Citigroup upped their price target on shares of Rubrik from $48.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, BMO Capital Markets raised their price objective on shares of Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Two research 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target 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.