Rubrik, Inc. (NYSE:RBRK) CFO Sells $454,182.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 11,800 shares of Rubrik stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $38.49, for a total value of $454,182.00. Following the transaction, the chief financial officer now directly owns 406,960 shares in the company, valued at approximately $15,663,890.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 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 value of $188,955.00.
• On Friday, October 25th, Kiran Kumar Choudary sold 14,000 shares of Rubrik stock. The shares were 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 stock was sold at an average price of $39.40, for a total transaction 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 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 value of $1,630,932.84.

Rubrik Trading Up 0.7 %

RBRK stock opened at $44.76 on Friday. The company has a fifty day moving average of $36.01. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $45.09.

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Baird R W raised shares of Rubrik to a “strong-buy” rating in a research note on Monday, July 15th. Citigroup boosted their price objective on shares of Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. FBN Securities began coverage on Rubrik in a research note on Monday, September 30th. They issued an “outperform” rating and a $40.00 target price for the company. Piper Sandler assumed coverage on shares of Rubrik in a report on Monday, August 19th. They issued an “overweight” rating and a $42.00 price objective on the stock. Finally, Robert W. Baird upped their target price on Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Sixteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $45.00.

Institutional Investors Weigh In On Rubrik

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RBRK. Diversified Trust Co bought a new stake in Rubrik in the third quarter worth about $432,000. Davidson Kempner Capital Management LP purchased a new stake in shares of Rubrik in the second quarter worth approximately $2,606,000. Bank of Montreal Can purchased a new stake in Rubrik in the 2nd quarter worth approximately $427,000. ARK Investment Management LLC acquired a new stake in Rubrik during the second quarter valued at $6,043,000. Finally, EPIQ Capital Group LLC bought a new stake in shares of Rubrik in the 2nd quarter valued at approximately $15,111,000.

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.