Kiran Kumar Choudary Sells 1,800 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $43.15, for a total value of $77,670.00. Following the completion of the transaction, the chief financial officer now owns 406,160 shares in the company, valued at $17,525,804. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 shares were 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 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 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.
• 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 value 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 Stock Performance

Shares of NYSE RBRK opened at $44.76 on Monday. The stock’s 50 day moving average price is $36.01. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $45.09.

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 analysts’ consensus estimates of ($0.96) by ($0.01). The business had revenue of $204.95 million for the quarter, compared to analyst estimates of $195.58 million. As a group, analysts forecast that Rubrik, Inc. will post -7.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RBRK. Register Financial Advisors LLC acquired a new stake in Rubrik in the 2nd quarter valued at $227,000. Zweig DiMenna Associates LLC acquired a new stake in shares of Rubrik in the second quarter valued at about $6,730,000. EFG Asset Management North America Corp. purchased a new stake in shares of Rubrik during the second quarter worth about $925,000. ARK Investment Management LLC acquired a new position in shares of 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 about $5,613,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on RBRK shares. Robert W. Baird lifted their price objective on shares of Rubrik from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Citigroup raised their price objective on Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. BMO Capital Markets reduced their target price on Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Baird R W raised Rubrik to a “strong-buy” rating in a report on Monday, July 15th. Finally, FBN Securities initiated coverage on shares of Rubrik in a research note on Monday, September 30th. They set an “outperform” rating and a $40.00 price target on the stock. Sixteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target 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.