Rubrik, Inc. (NYSE:RBRK) CFO Sells $503,100.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 10,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $50.31, for a total transaction of $503,100.00. Following the completion of the transaction, the chief financial officer now directly owns 374,560 shares in the company, valued at $18,844,113.60. This trade represents 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 transaction of $81,000.00.
• On Thursday, November 14th, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The shares were sold at an average price of $44.48, for a total transaction 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 stock was 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 stock was 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 stock was sold at an average price of $39.81, for a total transaction 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.

Rubrik Price Performance

Shares of RBRK stock traded up $2.07 during trading hours on Friday, reaching $51.19. 1,712,564 shares of the company’s stock were exchanged, compared to its average volume of 1,479,527. The stock’s fifty day moving average price is $38.27 and its two-hundred day moving average price is $34.82. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $51.58.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The company 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.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several recent research reports. Wedbush increased their target price on shares of Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Wells Fargo & Company dropped their target price on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, September 10th. FBN Securities initiated coverage on shares of Rubrik in a report on Monday, September 30th. They set an “outperform” rating and a $40.00 target price on the stock. Barclays increased their target price on shares of Rubrik from $42.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Truist Financial increased their target price on shares of Rubrik from $43.00 to $50.00 and gave the stock a “buy” rating in a report on Monday. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $46.71.

Hedge Funds Weigh In On Rubrik

Several hedge funds and other institutional investors have recently modified their holdings of RBRK. Brown Brothers Harriman & Co. purchased a new position in shares of Rubrik in the 3rd quarter valued at approximately $25,000. KBC Group NV purchased a new position in shares of Rubrik in the 3rd quarter valued at approximately $72,000. Quent Capital LLC purchased a new position in shares of Rubrik in the 3rd quarter valued at approximately $192,000. Mount Yale Investment Advisors LLC purchased a new position in shares of Rubrik in the 3rd quarter valued at approximately $208,000. Finally, Register Financial Advisors LLC purchased a new position in shares of Rubrik in the 2nd quarter valued at approximately $227,000.

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.