Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 7,330 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 7,330 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $45.04, for a total value of $330,143.20. Following the completion of the transaction, the chief financial officer now owns 398,830 shares in the company, valued at $17,963,303.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, November 11th, Kiran Kumar Choudary sold 2,670 shares of Rubrik stock. The stock was sold at an average price of $45.07, for a total transaction of $120,336.90.
• 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 transaction of $77,670.00.
• On Tuesday, October 22nd, Kiran Kumar Choudary sold 11,800 shares of Rubrik stock. The stock was sold at an average price of $38.49, for a total value of $454,182.00.
• On Thursday, October 31st, Kiran Kumar Choudary sold 4,500 shares of Rubrik stock. The shares were sold at an average price of $41.99, for a total value 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 value of $557,340.00.
• On Monday, October 28th, Kiran Kumar Choudary sold 1,500 shares of Rubrik stock. The shares were 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 shares were sold at an average price of $40.14, for a total transaction 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 Price Performance

Shares of RBRK stock traded up $0.49 during trading hours on Tuesday, reaching $44.81. 950,398 shares of the stock were exchanged, compared to its average volume of 1,494,219. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $45.90. The company’s 50-day moving average price is $36.20 and its 200-day moving average price is $34.19.

Rubrik (NYSE:RBRK) last posted its earnings results on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) 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 analysts’ expectations of $195.58 million. Equities research analysts anticipate that Rubrik, Inc. will post -7.94 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Truist Financial restated a “buy” rating and set a $43.00 price objective on shares of Rubrik in a report on Tuesday, September 10th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $50.00 price target on shares of Rubrik in a research report on Tuesday, September 10th. Wedbush boosted their target price on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Piper Sandler started coverage on Rubrik in a research report on Monday, August 19th. They set an “overweight” rating and a $42.00 price target for the company. Finally, Baird R W raised Rubrik to a “strong-buy” rating in a report on Monday, July 15th. Sixteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $45.00.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBRK. Register Financial Advisors LLC purchased a new stake in shares of Rubrik in the 2nd quarter worth about $227,000. Zweig DiMenna Associates LLC acquired a new position in shares of Rubrik during the second quarter valued at $6,730,000. EFG Asset Management North America Corp. purchased a new position in Rubrik in the 2nd quarter worth about $925,000. ARK Investment Management LLC acquired a new stake in Rubrik during the 2nd quarter worth about $6,043,000. Finally, Cisco Systems Inc. acquired a new stake in Rubrik in the 2nd quarter worth approximately $5,613,000.

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.