Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 1,800 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $43.15, for a total value of $77,670.00. Following the completion of the sale, the chief financial officer now owns 406,160 shares of the company’s stock, valued at $17,525,804. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 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 stock was 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 RBRK opened at $44.76 on Friday. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $45.09. The firm’s 50-day moving average is $36.01.

Rubrik (NYSE:RBRK) last issued its earnings results on Monday, September 9th. The company reported ($0.97) 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 analyst estimates of $195.58 million. Research analysts forecast that Rubrik, Inc. will post -7.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RBRK. Wedbush boosted 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. Cantor Fitzgerald reissued an “overweight” rating and set a $50.00 price objective on shares of Rubrik in a research note on Tuesday, September 10th. Citigroup raised their price objective on Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. CIBC boosted their target price on Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a research report on Tuesday, September 10th. Finally, Truist Financial restated a “buy” rating and set a $43.00 price target on shares of Rubrik in a report on Tuesday, September 10th. Sixteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $45.00.

Institutional Investors Weigh In On Rubrik

A number of institutional investors and hedge funds have recently bought and sold shares of RBRK. Register Financial Advisors LLC bought a new position in Rubrik during the 2nd quarter worth about $227,000. Zweig DiMenna Associates LLC bought a new position in shares of Rubrik during the second quarter valued at approximately $6,730,000. EFG Asset Management North America Corp. bought a new position in shares of Rubrik during the second quarter valued at approximately $925,000. ARK Investment Management LLC purchased a new position in Rubrik during the second quarter valued at approximately $6,043,000. Finally, Cisco Systems Inc. bought a new position in Rubrik in the second quarter worth approximately $5,613,000.

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.