Rubrik, Inc. (NYSE:RBRK) CFO Sells $118,296.00 in Stock

Posted by ABMN Staff on Jan 4th, 2025

Rubrik, Inc. (NYSE:RBRK – Get Free Report) CFO Kiran Kumar Choudary sold 1,800 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $65.72, for a total transaction of $118,296.00. Following the sale, the chief financial officer now directly owns 342,974 shares of the company’s stock, valued at approximately $22,540,251.28. The trade was 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 this link.

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 shares were 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 stock was 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 stock was sold at an average price of $69.70, for a total value of $125,460.00.
On Friday, December 6th, Kiran Kumar Choudary sold 30,000 shares of Rubrik stock. The stock was sold at an average price of $65.78, for a total value 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 shares were sold at an average price of $50.31, for a total value of $503,100.00.
On Wednesday, November 20th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were 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 shares were 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 shares were sold at an average price of $45.07, for a total value of $120,336.90.

Rubrik Price Performance

Shares of Rubrik stock opened at $66.90 on Friday. The business has a 50-day moving average price of $55.55 and a 200 day moving average price of $41.21. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $75.79.

Analyst Upgrades and Downgrades

RBRK has been the subject of several recent research reports. Citigroup raised 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. KeyCorp upped their price target on Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Rosenblatt Securities started coverage on shares of Rubrik in a report on Tuesday, December 17th. They set a “neutral” rating and a $77.00 price objective on the stock. Mizuho upped their target price on shares of Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Finally, FBN Securities began coverage on shares of Rubrik in a research report on Monday, September 30th. They issued an “outperform” rating and a $40.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Rubrik presently has a consensus rating of “Buy” and an average price target of $64.11.

Check Out Our Latest Stock Analysis on Rubrik

Institutional Investors Weigh In On Rubrik

Institutional investors have recently made changes to their positions in the company. Garden State Investment Advisory Services LLC acquired a new position in Rubrik in the third quarter worth $394,000. Barclays PLC lifted its position 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. Geode Capital Management LLC lifted its position in shares of Rubrik by 133.3% in the 3rd quarter. Geode Capital Management LLC now owns 568,646 shares of the company’s stock worth $18,290,000 after buying an additional 324,951 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Rubrik in the 3rd quarter valued at about $571,000. Finally, State Street Corp grew its position in shares of Rubrik by 368.9% during the 3rd quarter. State Street Corp now owns 421,096 shares of the company’s stock valued at $13,538,000 after buying an additional 331,296 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors.

About Rubrik

(Get Free Report)

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.