Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap Sells 32,485 Shares

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,485 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $63.46, for a total transaction of $2,061,498.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, January 6th, Arvind Nithrakashyap sold 32,499 shares of Rubrik stock. The shares were sold at an average price of $67.66, for a total value of $2,198,882.34.

Rubrik Stock Performance

NYSE RBRK opened at $63.12 on Thursday. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $75.79. The business has a 50 day simple moving average of $56.95 and a two-hundred day simple moving average of $42.03.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Mizuho increased their price objective on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Barclays upped their target price on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Cantor Fitzgerald upped their price objective on shares of Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Rosenblatt Securities initiated coverage on shares of Rubrik in a research report on Tuesday, December 17th. They set a “neutral” rating and a $77.00 price target on the stock. Finally, Robert W. Baird boosted their price objective on Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Two investment 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. Based on data from MarketBeat, Rubrik currently has an average rating of “Buy” and an average price target of $64.11.

Institutional Investors Weigh In On Rubrik

Several hedge funds and other institutional investors have recently made changes to their positions in RBRK. Brown Brothers Harriman & Co. bought a new position in Rubrik during the 3rd quarter worth about $25,000. KBC Group NV bought a new position in shares of Rubrik during the third quarter valued at approximately $72,000. Quent Capital LLC bought a new position in Rubrik in the third quarter worth approximately $192,000. Mount Yale Investment Advisors LLC bought a new position in Rubrik in the third quarter worth approximately $208,000. Finally, Sei Investments Co. purchased a new stake in Rubrik during the second quarter worth $235,000. 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.