Insider Selling: Rubrik, Inc. (NYSE:RBRK) CFO Sells 14,000 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 14,000 shares of Rubrik stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $39.81, for a total value of $557,340.00. Following the sale, the chief financial officer now directly owns 424,560 shares in the company, valued at $16,901,733.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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.
• 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 transaction 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 transaction of $1,630,932.84.

Rubrik Stock Performance

NYSE:RBRK opened at $42.59 on Thursday. The stock’s fifty day moving average price is $34.95. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $43.95.

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 firm had revenue of $204.95 million during the quarter, compared to analyst estimates of $195.58 million. On average, analysts expect that Rubrik, Inc. will post -7.94 earnings per share for the current year.

Institutional Investors Weigh In On Rubrik

Several institutional investors have recently modified their holdings of the business. Quent Capital LLC acquired a new position in Rubrik in the third quarter valued at approximately $192,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Rubrik during the 3rd quarter valued at $208,000. Register Financial Advisors LLC acquired a new position in shares of Rubrik in the 2nd quarter valued at $227,000. Sei Investments Co. bought a new position in shares of Rubrik in the 2nd quarter worth $235,000. Finally, PFG Investments LLC acquired a new stake in shares of Rubrik during the second quarter worth $242,000.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. Baird R W raised Rubrik to a “strong-buy” rating in a research note on Monday, July 15th. Wedbush increased their price objective on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. BMO Capital Markets cut their price objective on Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Finally, Robert W. Baird began coverage on shares of Rubrik in a report on Monday, July 15th. They issued an “outperform” rating and a $42.00 target price on the stock. Sixteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Rubrik presently has a consensus rating of “Buy” and an average target price of $44.65.

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.