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

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,485 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $63.46, for a total value of $2,061,498.10. The transaction was disclosed in a document filed 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 stock was sold at an average price of $67.66, for a total transaction of $2,198,882.34.

Rubrik Trading Down 1.9 %

NYSE:RBRK opened at $63.12 on Friday. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $75.79. The stock has a fifty day moving average price of $57.40 and a 200 day moving average price of $42.17.

Analyst Ratings Changes

RBRK has been the topic of a number of recent research reports. Robert W. Baird boosted their price target on shares of Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Truist Financial upped their price target on Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Rosenblatt Securities began coverage on Rubrik in a research report on Tuesday, December 17th. They set a “neutral” rating and a $77.00 price objective on the stock. Wedbush upped their target price on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Guggenheim lifted their price target on Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $64.11.

Institutional Investors Weigh In On Rubrik

A number of hedge funds have recently bought and sold shares of RBRK. Janus Henderson Group PLC increased its stake in shares of Rubrik by 6.9% during the third quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock worth $11,595,000 after buying an additional 23,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Rubrik in the 3rd quarter valued at approximately $323,000. Diversified Trust Co acquired a new stake in shares of Rubrik in the 3rd quarter valued at $432,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Rubrik by 24.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock valued at $7,998,000 after purchasing an additional 49,372 shares in the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new stake in shares of Rubrik during the 2nd quarter worth $2,606,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

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.