Rubrik, Inc. (NYSE:RBRK) CFO Sells $120,336.90 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 2,670 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $45.07, for a total value of $120,336.90. Following the completion of the transaction, the chief financial officer now owns 396,160 shares of the company’s stock, valued at approximately $17,854,931.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, November 8th, Kiran Kumar Choudary sold 7,330 shares of Rubrik stock. The stock was 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 shares were 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 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 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 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 stock was sold at an average price of $31.41, for a total value of $1,630,932.84.

Rubrik Stock Up 1.1 %

Rubrik stock opened at $44.81 on Wednesday. The company has a fifty day simple moving average of $36.44 and a 200-day simple moving average of $34.27. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $45.90.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data 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 company had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. Equities analysts anticipate that Rubrik, Inc. will post -7.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RBRK shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $50.00 target price on shares of Rubrik in a research note on Tuesday, September 10th. Wedbush upped their price objective on shares of Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. CIBC raised 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. Wells Fargo & Company reduced their price target on Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, September 10th. Finally, Citigroup raised their price objective on Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Sixteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Rubrik currently has a consensus rating of “Buy” and an average price target of $45.00.

Hedge Funds Weigh In On Rubrik

Institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV acquired a new stake in shares of Rubrik in the 3rd quarter worth $72,000. Quent Capital LLC acquired a new stake in Rubrik during the third quarter worth about $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 position in Rubrik in the 2nd quarter valued at about $227,000. Finally, Sei Investments Co. purchased a new stake in shares of Rubrik in the 2nd quarter valued at approximately $235,000.

About Rubrik

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.