Rubrik, Inc. (NYSE:RBRK) CFO Sells $444,800.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $44.48, for a total transaction of $444,800.00. Following the completion of the transaction, the chief financial officer now owns 385,360 shares in the company, valued at $17,140,812.80. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, November 11th, Kiran Kumar Choudary sold 2,670 shares of Rubrik stock. The stock was 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 shares were 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 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 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 stock was sold at an average price of $31.41, for a total value of $1,630,932.84.

Rubrik Price Performance

Shares of Rubrik stock opened at $45.16 on Thursday. The business’s 50 day simple moving average is $37.90 and its 200 day simple moving average is $34.72. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $45.90.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Monday, September 9th. The company reported ($0.97) earnings per share (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 analysts’ expectations of $195.58 million. As a group, equities analysts forecast that Rubrik, Inc. will post -8.04 earnings per share 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 the stock. Brown Brothers Harriman & Co. acquired a new position in Rubrik during the third quarter worth $25,000. KBC Group NV bought a new position in shares of Rubrik in the 3rd quarter valued at about $72,000. Quent Capital LLC bought a new position in shares of Rubrik in the 3rd quarter valued at about $192,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Rubrik during the 3rd quarter worth about $208,000. Finally, Register Financial Advisors LLC bought a new stake in shares of Rubrik in the 2nd quarter valued at about $227,000.

Analysts Set New Price Targets

RBRK has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Wedbush raised their price objective on shares of Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. CIBC lifted their target price on shares of Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a research note on Tuesday, September 10th. Truist Financial increased their price target on Rubrik from $43.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday. Finally, FBN Securities initiated coverage on Rubrik in a report on Monday, September 30th. They set an “outperform” rating and a $40.00 price target for the company. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Rubrik has an average rating of “Buy” and an average target price of $46.18.

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.