Arvind Nithrakashyap Sells 32,499 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,499 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $67.66, for a total transaction of $2,198,882.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, January 8th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $63.46, for a total transaction of $2,061,498.10.

Rubrik Price Performance

Shares of RBRK stock traded down $1.22 during mid-day trading on Wednesday, hitting $63.12. The company had a trading volume of 2,324,475 shares, compared to its average volume of 2,615,752. The stock’s 50 day moving average price is $56.95 and its 200-day moving average price is $42.03. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $75.79.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RBRK shares. FBN Securities began coverage on Rubrik in a report on Monday, September 30th. They issued an “outperform” rating and a $40.00 price objective for the company. Wedbush upped their price target on shares of Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Mizuho increased their price objective on shares of Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Barclays boosted their target price 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. Finally, Oppenheimer began coverage on shares of Rubrik in a research report on Wednesday, November 13th. They issued a “market perform” rating on the stock. Two 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 stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $64.11.

Institutional Trading of Rubrik

Hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC bought a new position in shares of Rubrik during the 2nd quarter valued at approximately $503,000. Natixis Advisors LLC purchased a new stake in Rubrik during the second quarter valued at $406,000. PFG Investments LLC bought a new position in Rubrik during the second quarter valued at $242,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Rubrik in the 2nd quarter worth $3,270,000. Finally, EPIQ Capital Group LLC bought a new stake in shares of Rubrik in the 2nd quarter worth about $15,111,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

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.