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 company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $68.03, for a total value of $122,454.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 transaction 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 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 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 value 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 shares were 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 stock was sold at an average price of $45.04, for a total transaction of $330,143.20.

Rubrik Price Performance

Rubrik stock traded down $0.08 during mid-day trading on Monday, reaching $68.27. 3,719,651 shares of the company’s stock traded hands, compared to its average volume of 1,794,694. The stock has a 50 day moving average of $52.77 and a two-hundred day moving average of $40.11. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $75.79.

Analysts Set New Price Targets

Several analysts have issued reports on RBRK shares. Truist Financial raised their price target on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. FBN Securities started coverage on Rubrik in a research note on Monday, September 30th. They issued an “outperform” rating and a $40.00 target price for the company. Mizuho raised their price objective on shares of Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Oppenheimer began coverage on Rubrik in a report on Wednesday, November 13th. They issued a “market perform” rating for the company. Finally, Wells Fargo & Company boosted their target price on Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rubrik currently has a consensus rating of “Buy” and an average price target of $64.11.

Institutional Trading of Rubrik

Hedge funds and other institutional investors have recently bought and sold shares of the business. Garden State Investment Advisory Services LLC bought a new position in shares of Rubrik during the 3rd quarter worth approximately $394,000. Barclays PLC raised its position in shares of Rubrik by 140.6% in the third quarter. Barclays PLC now owns 12,029 shares of the company’s stock worth $386,000 after acquiring an additional 7,029 shares during the period. Geode Capital Management LLC grew its stake in Rubrik by 133.3% in the 3rd quarter. Geode Capital Management LLC now owns 568,646 shares of the company’s stock valued at $18,290,000 after acquiring an additional 324,951 shares during the period. XTX Topco Ltd acquired a new position in Rubrik in the 3rd quarter valued at $571,000. Finally, State Street Corp grew its position in shares of Rubrik by 368.9% in the third quarter. State Street Corp now owns 421,096 shares of the company’s stock valued at $13,538,000 after purchasing an additional 331,296 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

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.