Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 10,000 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $44.48, for a total value of $444,800.00. Following the completion of the sale, the chief financial officer now owns 385,360 shares in the company, valued at approximately $17,140,812.80. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, November 11th, Kiran Kumar Choudary sold 2,670 shares of Rubrik stock. The stock was sold at an average price of $45.07, for a total value of $120,336.90.
• On Friday, November 8th, Kiran Kumar Choudary sold 7,330 shares of Rubrik stock. The shares were 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 shares were 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 stock was 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 shares were 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 stock was 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 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 shares were 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 stock was 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 value of $1,630,932.84.

Rubrik Stock Up 1.3 %

Shares of RBRK opened at $43.79 on Tuesday. The firm’s 50 day moving average price is $37.41 and its 200 day moving average price is $34.57. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $45.90.

Rubrik (NYSE:RBRK) last released its quarterly earnings results 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. As a group, equities analysts forecast that Rubrik, Inc. will post -8.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Dragoneer Investment Group LLC bought a new stake in shares of Rubrik during the 2nd quarter worth $47,523,000. Champlain Investment Partners LLC acquired a new stake in shares of Rubrik in the third quarter valued at about $44,418,000. Point72 Asset Management L.P. bought a new position in shares of Rubrik in the third quarter worth about $42,247,000. PointState Capital LP acquired a new position in shares of Rubrik during the 3rd quarter worth about $40,466,000. Finally, Institutional Venture Management XV LLC boosted its stake in Rubrik by 3,620.4% during the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock valued at $37,378,000 after purchasing an additional 1,131,360 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RBRK shares. BMO Capital Markets reduced their target price on Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Wells Fargo & Company reduced their price objective 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. CIBC lifted 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. Robert W. Baird boosted their price target on shares of Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Truist Financial raised their price objective on shares of Rubrik from $43.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $45.41.

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.