Rubrik, Inc. (NYSE:RBRK) CFO Sells $1,630,932.84 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 51,924 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $31.41, for a total transaction of $1,630,932.84. Following the sale, the chief financial officer now directly owns 493,360 shares in the company, valued at approximately $15,496,437.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rubrik Stock Performance

RBRK stock traded up $0.20 during mid-day trading on Monday, reaching $32.16. The company’s stock had a trading volume of 2,021,056 shares, compared to its average volume of 1,438,307. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $40.00. The business’s 50 day moving average price is $33.24.

Institutional Trading of Rubrik

Several hedge funds have recently modified their holdings of RBRK. Register Financial Advisors LLC acquired a new position in Rubrik during the 2nd quarter worth approximately $227,000. Sei Investments Co. acquired a new stake in Rubrik in the second quarter valued at approximately $235,000. PFG Investments LLC bought a new stake in shares of Rubrik during the second quarter valued at approximately $242,000. Natixis Advisors LLC acquired a new position in shares of Rubrik during the second quarter worth approximately $406,000. Finally, Bank of Montreal Can bought a new position in shares of Rubrik in the 2nd quarter worth $427,000.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RBRK shares. Barclays boosted their price objective on Rubrik from $41.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Wedbush lowered their price objective on Rubrik from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Guggenheim reiterated a “buy” rating and issued a $48.00 price objective on shares of Rubrik in a report on Tuesday, June 25th. BMO Capital Markets reduced their target price on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Finally, CIBC raised their price target on shares of Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a research note on Tuesday, September 10th. Sixteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $44.41.

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.