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 that occurred on Wednesday, January 15th. The stock was sold at an average price of $66.52, for a total value of $119,736.00. Following the sale, the chief financial officer now owns 341,374 shares of the company’s stock, valued at $22,708,198.48. This trade represents a 0.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, January 8th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $62.60, for a total transaction of $112,680.00.
• 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 transaction 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 transaction 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 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 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 transaction 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 transaction of $81,000.00.

Rubrik Stock Performance

RBRK opened at $67.68 on Monday. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $75.79. The business has a 50-day moving average of $60.17 and a two-hundred day moving average of $43.85.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RBRK. Oppenheimer assumed coverage on Rubrik in a research note on Wednesday, November 13th. They set a “market perform” rating on the stock. FBN Securities began coverage on Rubrik in a research report on Monday, September 30th. They set an “outperform” rating and a $40.00 target price on the stock. Cantor Fitzgerald raised their price target on Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Guggenheim boosted their price objective on shares of Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Mizuho raised their target price on shares of Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $64.67.

Institutional Investors Weigh In On Rubrik

A number of institutional investors have recently bought and sold shares of the stock. Dragoneer Investment Group LLC acquired a new position in shares of Rubrik in the 2nd quarter valued at $47,523,000. Champlain Investment Partners LLC purchased a new position in shares of Rubrik in the 3rd quarter worth $44,418,000. Point72 Asset Management L.P. acquired a new position in Rubrik in the third quarter valued at $42,247,000. PointState Capital LP purchased a new stake in Rubrik during the third quarter valued at about $40,466,000. Finally, Institutional Venture Management XV LLC grew its position in 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 valued at $37,378,000 after acquiring an additional 1,131,360 shares during the period. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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.