Kiran Kumar Choudary Sells 1,500 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,500 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $39.40, for a total value of $59,100.00. Following the completion of the transaction, the chief financial officer now directly owns 423,060 shares in the company, valued at approximately $16,668,564. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 value of $557,340.00.
• 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 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 shares were sold at an average price of $31.41, for a total transaction of $1,630,932.84.

Rubrik Price Performance

Shares of RBRK stock opened at $42.59 on Thursday. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $43.95. The company has a fifty day moving average price of $34.95.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on RBRK shares. CIBC boosted their price objective 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. Baird R W upgraded Rubrik to a “strong-buy” rating in a research report on Monday, July 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $50.00 price target on shares of Rubrik in a report on Tuesday, September 10th. Wedbush boosted their price objective on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, BMO Capital Markets cut their target price on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Sixteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $44.65.

Hedge Funds Weigh In On Rubrik

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

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.