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 the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $65.72, for a total transaction of $118,296.00. Following the transaction, the chief financial officer now directly owns 342,974 shares of the company’s stock, valued at $22,540,251.28. The trade was a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 value 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 transaction 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 value of $444,800.00.
• On Monday, November 11th, Kiran Kumar Choudary sold 2,670 shares of Rubrik stock. The shares were sold at an average price of $45.07, for a total value of $120,336.90.

Rubrik Stock Performance

Shares of RBRK opened at $66.90 on Friday. The company’s 50 day simple moving average is $55.55 and its 200-day simple moving average is $41.28. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $75.79.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dragoneer Investment Group LLC acquired a new stake in shares of Rubrik during the second quarter worth about $47,523,000. Champlain Investment Partners LLC acquired a new stake in Rubrik during the 3rd quarter worth approximately $44,418,000. Point72 Asset Management L.P. purchased a new position in shares of Rubrik in the 3rd quarter valued at approximately $42,247,000. PointState Capital LP acquired a new position in shares of Rubrik in the third quarter valued at approximately $40,466,000. Finally, Institutional Venture Management XV LLC raised its stake in shares of Rubrik by 3,620.4% during the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after purchasing an additional 1,131,360 shares during the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays lifted their price objective on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Wedbush lifted their price target on shares of Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Mizuho boosted their price target on shares of Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Robert W. Baird raised their price objective on shares of Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, FBN Securities assumed coverage on shares of Rubrik in a research note on Monday, September 30th. They set an “outperform” rating and a $40.00 target price for the company. 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. Based on data from MarketBeat, the company 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.