Insider Selling: Rubrik, Inc. (NYSE:RBRK) CFO Sells $188,955.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 4,500 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $41.99, for a total transaction of $188,955.00. Following the transaction, the chief financial officer now owns 417,760 shares of the company’s stock, valued at approximately $17,541,742.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 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 shares were sold at an average price of $40.14, for a total value 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 Price Performance

Shares of Rubrik stock opened at $44.50 on Friday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $44.98. The company’s 50 day moving average is $35.82.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The firm had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. Equities research analysts predict that Rubrik, Inc. will post -7.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on RBRK shares. Wedbush boosted their price objective on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. FBN Securities assumed coverage on shares of Rubrik in a report on Monday, September 30th. They issued an “outperform” rating and a $40.00 price objective for the company. CIBC boosted their target price on shares of Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a report on Tuesday, September 10th. Citigroup raised their price target on Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Finally, Baird R W upgraded Rubrik to a “strong-buy” rating in a research note on Monday, July 15th. Sixteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $45.00.

Hedge Funds Weigh In On Rubrik

Several institutional investors have recently modified their holdings of RBRK. KBC Group NV bought a new position in shares of Rubrik during the 3rd quarter valued at $72,000. Quent Capital LLC bought a new position in shares of Rubrik during the third quarter valued at about $192,000. Mount Yale Investment Advisors LLC bought a new position in shares of Rubrik during the third quarter valued at about $208,000. Register Financial Advisors LLC purchased a new position in shares of Rubrik in the second quarter worth about $227,000. Finally, Whalen Wealth Management Inc. bought a new stake in shares of Rubrik in the 3rd quarter valued at about $243,000.

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.