Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 10,000 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 10,000 shares of Rubrik stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $50.31, for a total value of $503,100.00. Following the completion of the sale, the chief financial officer now directly owns 374,560 shares of the company’s stock, valued at approximately $18,844,113.60. The trade was a 2.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, November 20th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $45.00, for a total value of $81,000.00.
• On Thursday, November 14th, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The stock was sold at an average price of $44.48, for a total value of $444,800.00.
• On Monday, November 11th, Kiran Kumar Choudary sold 2,670 shares of Rubrik stock. The shares were sold at an average price of $45.07, for a total transaction of $120,336.90.
• On Friday, November 8th, Kiran Kumar Choudary sold 7,330 shares of Rubrik stock. The shares were 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 stock was 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 shares were 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 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 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 stock was sold at an average price of $40.14, for a total transaction of $304,381.62.

Rubrik Price Performance

Shares of Rubrik stock opened at $51.05 on Friday. The stock has a 50 day moving average of $38.68 and a 200 day moving average of $34.94. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $51.58.

Rubrik (NYSE:RBRK) last posted its earnings results on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The firm had revenue of $204.95 million during the quarter, compared to analysts’ expectations of $195.58 million. As a group, analysts forecast that Rubrik, Inc. will post -8.04 earnings per share for the current fiscal year.

Institutional Trading of Rubrik

A number of large investors have recently made changes to their positions in RBRK. Brown Brothers Harriman & Co. purchased a new position in Rubrik in the third quarter worth about $25,000. KBC Group NV bought a new stake in Rubrik in the third quarter worth about $72,000. Quent Capital LLC purchased a new position in shares of Rubrik during the third quarter valued at approximately $192,000. Mount Yale Investment Advisors LLC bought a new position in shares of Rubrik during the third quarter valued at approximately $208,000. Finally, Register Financial Advisors LLC purchased a new stake in shares of Rubrik in the second quarter worth approximately $227,000.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Cantor Fitzgerald raised shares of Rubrik to a “strong-buy” rating in a report on Wednesday. CIBC raised their target price on Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a report on Tuesday, September 10th. Barclays boosted their price target on Rubrik from $42.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday. Robert W. Baird raised their price objective on Rubrik from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets lowered their price objective on Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $46.71.

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.