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

Posted by Adam Dyson on Jan 4th, 2025

Rubrik, Inc. (NYSE:RBRK – Get Free Report) CFO Kiran Kumar Choudary sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $65.72, for a total value of $118,296.00. Following the completion of the sale, the chief financial officer now owns 342,974 shares of the company’s stock, valued at approximately $22,540,251.28. This trade represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 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 transaction 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 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 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 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 stock was 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 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 stock was sold at an average price of $45.07, for a total transaction of $120,336.90.

Rubrik Stock Up 0.8 %

NYSE RBRK traded up $0.55 on Friday, hitting $66.90. 2,606,797 shares of the company were exchanged, compared to its average volume of 2,125,948. The stock has a fifty day moving average of $55.00 and a 200-day moving average of $40.96. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $75.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new position in Rubrik during the 3rd quarter valued at about $25,000. KBC Group NV bought a new stake in Rubrik during the third quarter worth $72,000. Quent Capital LLC purchased a new position in Rubrik during the 3rd quarter worth $192,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Rubrik in the third quarter valued at about $208,000. Finally, Barclays PLC boosted its stake in shares of Rubrik by 140.6% in the 3rd quarter. Barclays PLC now owns 12,029 shares of the company’s stock worth $386,000 after buying an additional 7,029 shares during the last quarter. Institutional investors own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

RBRK has been the topic of a number of research reports. BMO Capital Markets upped their price objective on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Wedbush lifted their price objective 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. KeyCorp increased their target price on shares of Rubrik from $57.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Citigroup lifted their price target on shares of Rubrik from $48.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, CIBC raised their price objective on Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $64.11.

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Rubrik Company Profile

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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.