Rubrik, Inc. (NYSE:RBRK) CFO Sells $304,381.62 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 7,583 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $40.14, for a total value of $304,381.62. Following the completion of the sale, the chief financial officer now owns 438,560 shares in the company, valued at approximately $17,603,798.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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 Rubrik stock traded down $1.02 on Monday, hitting $38.52. 1,256,270 shares of the company’s stock traded hands, compared to its average volume of 1,526,861. The firm has a 50-day moving average price of $33.98. Rubrik, Inc. has a one year low of $28.34 and a one year high of $41.33.

Rubrik (NYSE:RBRK) last issued its earnings results on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The business had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. As a group, research analysts forecast that Rubrik, Inc. will post -7.95 EPS for the current fiscal year.

Institutional Trading of Rubrik

Large investors have recently made changes to their positions in the company. Diversified Trust Co bought a new stake in shares of Rubrik in the 3rd quarter valued at $432,000. Davidson Kempner Capital Management LP bought a new position in Rubrik during the 2nd quarter worth about $2,606,000. Bank of Montreal Can bought a new position in Rubrik during the 2nd quarter worth about $427,000. ARK Investment Management LLC bought a new position in Rubrik during the 2nd quarter worth about $6,043,000. Finally, EPIQ Capital Group LLC bought a new position in Rubrik during the 2nd quarter worth about $15,111,000.

Analyst Ratings Changes

Several research analysts have recently commented on RBRK shares. Baird R W raised Rubrik to a “strong-buy” rating in a report on Monday, July 15th. Guggenheim reissued a “buy” rating and issued a $48.00 target price on shares of Rubrik in a report on Tuesday, June 25th. Cantor Fitzgerald reissued an “overweight” rating and issued a $50.00 target price on shares of Rubrik in a report on Tuesday, September 10th. Piper Sandler started coverage on Rubrik in a report on Monday, August 19th. They issued an “overweight” rating and a $42.00 target price on the stock. Finally, Wedbush boosted their target price on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Sixteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $44.65.

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.