Rubrik, Inc. (NYSE:RBRK) CTO Sells $2,301,562.25 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,485 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $70.85, for a total transaction of $2,301,562.25. Following the completion of the transaction, the chief technology officer now directly owns 219,279 shares of the company’s stock, valued at $15,535,917.15. This trade represents a 12.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 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 shares were sold at an average price of $63.46, for a total value 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 value of $2,198,882.34.

Rubrik Stock Down 1.1 %

NYSE RBRK opened at $74.52 on Friday. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $79.05. The firm’s 50-day moving average is $67.78 and its two-hundred day moving average is $47.78.

Institutional Trading of Rubrik

Several institutional investors have recently added to or reduced their stakes in the stock. Champlain Investment Partners LLC acquired a new stake in shares of Rubrik during the third quarter worth about $44,418,000. Point72 Asset Management L.P. purchased a new stake in Rubrik during the 3rd quarter worth approximately $42,247,000. PointState Capital LP acquired a new stake in Rubrik during the 3rd quarter worth approximately $40,466,000. Institutional Venture Management XV LLC grew its stake in shares of Rubrik by 3,620.4% in the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after acquiring an additional 1,131,360 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in shares of Rubrik during the third quarter worth $35,359,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analysts Set New Price Targets

RBRK has been the subject of a number of research analyst reports. William Blair initiated coverage on shares of Rubrik in a report on Friday. They issued a “market perform” rating for the company. Rosenblatt Securities initiated coverage on shares of Rubrik in a report on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price objective on the stock. Piper Sandler raised their target price on shares of Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Wedbush boosted their price objective on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company increased their target price on Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Rubrik has a consensus rating of “Moderate Buy” and an average target price of $64.67.

Rubrik Company Profile

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.