Insider Selling: Rubrik, Inc. (NYSE:RBRK) CTO Sells 32,485 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,485 shares of Rubrik stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $63.46, for a total value of $2,061,498.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, January 6th, Arvind Nithrakashyap sold 32,499 shares of Rubrik stock. The shares were sold at an average price of $67.66, for a total value of $2,198,882.34.

Rubrik Price Performance

Shares of RBRK opened at $63.47 on Friday. The firm has a fifty day moving average price of $57.40 and a 200-day moving average price of $42.17. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $75.79.

Institutional Investors Weigh In On Rubrik

Several large investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new position in shares of Rubrik during the third quarter worth approximately $25,000. KBC Group NV bought a new position in Rubrik in the third quarter worth approximately $72,000. Quent Capital LLC purchased a new position in Rubrik during the 3rd quarter worth $192,000. Mount Yale Investment Advisors LLC bought a new stake in Rubrik during the 3rd quarter valued at $208,000. Finally, Whalen Wealth Management Inc. purchased a new stake in shares of Rubrik in the 3rd quarter worth $243,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RBRK shares. Cantor Fitzgerald raised their target price on shares of Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Robert W. Baird lifted their price objective on shares of Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Oppenheimer assumed coverage on shares of Rubrik in a research report on Wednesday, November 13th. They set a “market perform” rating on the stock. Barclays lifted their price target on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Guggenheim upped their price objective on Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Rubrik presently has a consensus rating of “Buy” and an average price target 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.