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

Rubrik, Inc. (NYSE:RBRK) 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.

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

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.