Rubrik, Inc. (NYSE:RBRK) CTO Sells $2,071,568.45 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,485 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $63.77, for a total transaction of $2,071,568.45. Following the sale, the chief technology officer now owns 219,279 shares of the company’s stock, valued at $13,983,421.83. This trade represents a 12.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Arvind Nithrakashyap also recently made the following trade(s):

• On Wednesday, March 5th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The stock was sold at an average price of $61.59, for a total transaction of $2,000,689.56.
• On Wednesday, February 5th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The stock was sold at an average price of $74.85, for a total transaction of $2,431,502.25.
• On Monday, February 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The stock was sold at an average price of $70.85, for a total transaction of $2,301,562.25.
• On Tuesday, January 14th, Arvind Nithrakashyap sold 227,596 shares of Rubrik stock. The stock was sold at an average price of $64.89, for a total transaction of $14,768,704.44.
• On Wednesday, January 8th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The stock was sold at an average price of $63.46, for a total transaction of $2,061,498.10.
• On Monday, January 6th, Arvind Nithrakashyap sold 32,499 shares of Rubrik stock. The stock was sold at an average price of $67.66, for a total transaction of $2,198,882.34.

Rubrik Trading Down 2.0 %

Shares of Rubrik stock opened at $57.43 on Friday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00. The company has a 50 day simple moving average of $69.36 and a two-hundred day simple moving average of $52.60.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Cantor Fitzgerald raised their price objective on shares of Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Barclays raised their price objective on shares of Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. BMO Capital Markets raised their price objective on shares of Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Truist Financial raised their price objective on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Three 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.56.

Institutional Investors Weigh In On Rubrik

Several hedge funds have recently bought and sold shares of RBRK. Wealthcare Advisory Partners LLC lifted its holdings in shares of Rubrik by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after acquiring an additional 300 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Rubrik in the 4th quarter worth approximately $28,000. KBC Group NV lifted its holdings in shares of Rubrik by 19.1% in the 4th quarter. KBC Group NV now owns 2,679 shares of the company’s stock worth $175,000 after acquiring an additional 430 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after acquiring an additional 500 shares during the last quarter. Finally, Nemes Rush Group LLC bought a new stake in shares of Rubrik in the 4th quarter worth approximately $39,000. 49.54% of the stock is currently owned by 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.