Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 4,500 Shares of Stock

Rubrik, Inc. (NYSE:RBRKGet Free Report) CFO Kiran Kumar Choudary sold 4,500 shares of Rubrik stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $41.99, for a total transaction of $188,955.00. Following the completion of the transaction, the chief financial officer now owns 417,760 shares in the company, valued at approximately $17,541,742.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 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 shares were 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 shares were sold at an average price of $31.41, for a total value of $1,630,932.84.

Rubrik Price Performance

Shares of RBRK stock opened at $41.55 on Wednesday. The company has a 50-day moving average price of $35.30. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $43.95.

Rubrik (NYSE:RBRKGet Free Report) last posted its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share 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. On average, analysts expect that Rubrik, Inc. will post -7.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Piper Sandler assumed coverage on Rubrik in a report on Monday, August 19th. They set an “overweight” rating and a $42.00 price objective on the stock. BMO Capital Markets cut their price target on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Baird R W upgraded shares of Rubrik to a “strong-buy” rating in a research note on Monday, July 15th. CIBC upped their target price on shares of Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research report on Tuesday, September 10th. Finally, Citigroup lifted their price target on shares of Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Sixteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Rubrik has an average rating of “Buy” and a consensus target price of $45.00.

Get Our Latest Stock Report on Rubrik

Institutional Inflows and Outflows

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

About Rubrik

(Get Free Report)

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.

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