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 stock in a transaction on Monday, January 6th. The stock was sold at an average price of $67.66, for a total value of $2,198,882.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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.

Rubrik Trading Down 1.9 %

RBRK stock opened at $63.12 on Friday. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $75.79. The stock has a fifty day moving average of $57.40 and a 200-day moving average of $42.17.

Hedge Funds Weigh In On Rubrik

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. bought a new stake in Rubrik during the 3rd quarter valued at $25,000. KBC Group NV purchased a new stake in shares of Rubrik in the third quarter worth about $72,000. Quent Capital LLC bought a new position in shares of Rubrik in the third quarter valued at approximately $192,000. Mount Yale Investment Advisors LLC purchased a new position in Rubrik during the third quarter valued at approximately $208,000. Finally, Barclays PLC increased its holdings in Rubrik by 140.6% during the 3rd quarter. Barclays PLC now owns 12,029 shares of the company’s stock worth $386,000 after acquiring an additional 7,029 shares during the period. Institutional investors own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Guggenheim lifted their price target on Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Mizuho lifted their target price on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Robert W. Baird increased their price target on Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. FBN Securities started coverage on Rubrik in a research note on Monday, September 30th. They set an “outperform” rating and a $40.00 price objective on the stock. Finally, Cantor Fitzgerald upped their target price on shares of Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Two 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $64.11.

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.