Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 1,800 Shares

Posted by MarketBeat News on Jan 4th, 2025

Rubrik, Inc. (NYSE:RBRK – Get Free Report) CFO Kiran Kumar Choudary sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $65.72, for a total value of $118,296.00. Following the sale, the chief financial officer now owns 342,974 shares of the company’s stock, valued at $22,540,251.28. This trade represents a 0.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 value 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 shares were sold at an average price of $69.70, for a total transaction of $125,460.00.
On Friday, December 6th, Kiran Kumar Choudary sold 30,000 shares of Rubrik stock. The shares were 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 shares were sold at an average price of $51.51, for a total value 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 value 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 transaction of $503,100.00.
On Wednesday, November 20th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $45.00, for a total value 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 transaction 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 transaction of $120,336.90.

Rubrik Stock Up 0.8 %

Shares of NYSE RBRK opened at $66.90 on Friday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $75.79. The firm’s 50-day moving average price is $55.55 and its 200-day moving average price is $41.21.

Hedge Funds Weigh In On Rubrik

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC increased its holdings in Rubrik by 6.9% in the 3rd quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock valued at $11,595,000 after acquiring an additional 23,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Rubrik in the 3rd quarter worth about $323,000. Diversified Trust Co bought a new stake in Rubrik during the 3rd quarter valued at about $432,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in 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 worth $7,998,000 after acquiring an additional 49,372 shares in the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new position in shares of Rubrik during the second quarter worth approximately $2,606,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RBRK has been the subject of a number of research analyst reports. Cantor Fitzgerald boosted their target price on Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Piper Sandler raised their price target on shares of Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. CIBC increased their price target on shares of Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research report on Tuesday, September 10th. Wells Fargo & Company lifted their target price on shares of Rubrik from $40.00 to $76.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, FBN Securities assumed coverage on shares of Rubrik in a research report on Monday, September 30th. They set an “outperform” rating and a $40.00 price objective for the company. Two 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. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $64.11.

Read Our Latest Stock Report on RBRK

About Rubrik

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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.