Rubrik, Inc. (NYSE:RBRK) CFO Sells $120,336.90 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 2,670 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $45.07, for a total value of $120,336.90. Following the sale, the chief financial officer now owns 396,160 shares in the company, valued at approximately $17,854,931.20. The trade was a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Kiran Kumar Choudary also recently made the following trade(s):

• On Friday, November 8th, Kiran Kumar Choudary sold 7,330 shares of Rubrik stock. The stock was sold at an average price of $45.04, for a total transaction of $330,143.20.
• On Wednesday, November 6th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $43.15, for a total value of $77,670.00.
• On Tuesday, October 22nd, Kiran Kumar Choudary sold 11,800 shares of Rubrik stock. The shares were sold at an average price of $38.49, for a total transaction of $454,182.00.
• On Thursday, October 31st, Kiran Kumar Choudary sold 4,500 shares of Rubrik stock. The stock was sold at an average price of $41.99, for a total transaction of $188,955.00.
• On Friday, October 25th, Kiran Kumar Choudary sold 14,000 shares of Rubrik stock. The stock was sold at an average price of $39.81, for a total transaction of $557,340.00.
• On Monday, October 28th, Kiran Kumar Choudary sold 1,500 shares of Rubrik stock. The stock was sold at an average price of $39.40, for a total value of $59,100.00.
• On Thursday, October 17th, Kiran Kumar Choudary sold 7,583 shares of Rubrik stock. The stock was sold at an average price of $40.14, for a total value of $304,381.62.
• On Monday, October 14th, Kiran Kumar Choudary sold 45,800 shares of Rubrik stock. The shares were sold at an average price of $39.22, for a total transaction of $1,796,276.00.
• On Thursday, September 26th, Kiran Kumar Choudary sold 51,924 shares of Rubrik stock. The shares were sold at an average price of $31.41, for a total transaction of $1,630,932.84.

Rubrik Trading Down 0.2 %

Shares of NYSE RBRK opened at $44.50 on Friday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $45.90. The company has a 50 day simple moving average of $36.93 and a 200 day simple moving average of $34.41.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The company had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. As a group, research analysts expect that Rubrik, Inc. will post -7.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Rubrik

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Diversified Trust Co bought a new position in Rubrik during the 3rd quarter worth approximately $432,000. Davidson Kempner Capital Management LP acquired a new position in Rubrik in the second quarter valued at $2,606,000. Bank of Montreal Can acquired a new stake in Rubrik during the 2nd quarter worth about $427,000. ARK Investment Management LLC bought a new position in shares of Rubrik in the 2nd quarter worth about $6,043,000. Finally, EPIQ Capital Group LLC acquired a new stake in Rubrik during the second quarter worth approximately $15,111,000.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RBRK shares. FBN Securities initiated coverage on shares of Rubrik in a research note on Monday, September 30th. They issued an “outperform” rating and a $40.00 price objective on the stock. Piper Sandler began coverage on shares of Rubrik in a report on Monday, August 19th. They set an “overweight” rating and a $42.00 price target for the company. BMO Capital Markets cut 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 stock a “buy” rating in a research report on Wednesday, September 11th. Finally, Truist Financial reiterated a “buy” rating and set a $43.00 price objective on shares of Rubrik in a research note on Tuesday, September 10th. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Rubrik presently has an average rating of “Buy” and a consensus target price of $45.00.

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.