Kiran Kumar Choudary Sells 51,924 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRKGet Free Report) CFO Kiran Kumar Choudary sold 51,924 shares of Rubrik stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $31.41, for a total value of $1,630,932.84. Following the transaction, the chief financial officer now owns 493,360 shares of the company’s stock, valued at $15,496,437.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Rubrik Stock Performance

Shares of RBRK opened at $31.36 on Wednesday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $40.00. The business’s fifty day simple moving average is $33.14.

Wall Street Analysts Forecast Growth

RBRK has been the subject of several recent research reports. Piper Sandler assumed coverage on shares of Rubrik in a report on Monday, August 19th. They set an “overweight” rating and a $42.00 target price for the company. BMO Capital Markets decreased their price objective on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Citigroup raised their target price on Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Barclays lifted their price target on Rubrik from $41.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Finally, Guggenheim reiterated a “buy” rating and set a $48.00 price target on shares of Rubrik in a research report on Tuesday, June 25th. Sixteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $44.41.

View Our Latest Report on Rubrik

Institutional Trading of Rubrik

A number of hedge funds have recently bought and sold shares of RBRK. Davidson Kempner Capital Management LP acquired a new position in shares of Rubrik during the 2nd quarter worth approximately $2,606,000. ARK Investment Management LLC purchased a new stake in Rubrik in the 2nd quarter valued at $6,043,000. EPIQ Capital Group LLC acquired a new stake in shares of Rubrik in the 2nd quarter worth $15,111,000. Octahedron Capital Management L.P. acquired a new stake in shares of Rubrik in the 2nd quarter worth $4,936,000. Finally, Liberty Street Advisors Inc. purchased a new position in shares of Rubrik during the 2nd quarter worth $4,117,000.

About Rubrik

(Get Free Report)

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.

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