Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 87,971 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 87,971 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $70.04, for a total transaction of $6,161,488.84. Following the completion of the transaction, the chief financial officer now owns 413,458 shares of the company’s stock, valued at approximately $28,958,598.32. This represents a 17.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, January 15th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $66.52, for a total value of $119,736.00.
• On Wednesday, January 8th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $62.60, for a total transaction of $112,680.00.
• On Thursday, January 2nd, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $65.72, for a total transaction of $118,296.00.
• On Friday, December 27th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $68.03, for a total transaction of $122,454.00.

Rubrik Stock Up 0.9 %

NYSE:RBRK opened at $74.15 on Wednesday. The company has a market capitalization of $13.74 billion and a PE ratio of -5.38. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $80.00. The stock’s 50 day moving average price is $69.18 and its 200 day moving average price is $55.65.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The firm had revenue of $258.10 million for the quarter, compared to analyst estimates of $233.13 million. During the same quarter in the previous year, the business posted ($1.59) EPS. The company’s revenue was up 47.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Rubrik

A number of institutional investors and hedge funds have recently made changes to their positions in RBRK. Natixis Advisors LLC increased its position in Rubrik by 302.5% in the 3rd quarter. Natixis Advisors LLC now owns 53,271 shares of the company’s stock valued at $1,713,000 after acquiring an additional 40,036 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Rubrik by 134.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 325,420 shares of the company’s stock valued at $10,462,000 after purchasing an additional 186,485 shares during the last quarter. Alpha DNA Investment Management LLC acquired a new position in shares of Rubrik in the third quarter valued at approximately $411,000. Summit Trail Advisors LLC purchased a new stake in shares of Rubrik during the third quarter worth approximately $625,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Rubrik during the third quarter worth $25,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RBRK. William Blair assumed coverage on shares of Rubrik in a report on Friday, February 7th. They issued a “market perform” rating for the company. Truist Financial upped their price objective on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Citigroup lifted their target price on Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 17th. KeyCorp cut their price target on Rubrik from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Finally, Piper Sandler lifted their price objective on Rubrik from $83.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $70.00.

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.