Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 7,330 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 7,330 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $45.04, for a total value of $330,143.20. Following the sale, the chief financial officer now directly owns 398,830 shares in the company, valued at $17,963,303.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

Rubrik Stock Down 0.5 %

Shares of NYSE RBRK opened at $44.57 on Thursday. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $45.90. The business has a 50-day moving average of $36.68 and a 200-day moving average of $34.34.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share (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 the consensus estimate of $195.58 million. Analysts anticipate that Rubrik, Inc. will post -7.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Piper Sandler initiated coverage on shares of Rubrik in a report on Monday, August 19th. They set an “overweight” rating and a $42.00 price target for the company. Truist Financial reissued a “buy” rating and set a $43.00 price target on shares of Rubrik in a research note on Tuesday, September 10th. Robert W. Baird lifted their price objective on Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Wells Fargo & Company reduced their target price on Rubrik from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 10th. Finally, Wedbush upped their price objective on shares of Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Rubrik has a consensus rating of “Buy” and an average price target of $45.00.

Hedge Funds Weigh In On Rubrik

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co acquired a new position in shares of Rubrik in the third quarter worth about $432,000. Davidson Kempner Capital Management LP acquired a new position in shares of Rubrik in the 2nd quarter valued at approximately $2,606,000. Bank of Montreal Can purchased a new position in shares of Rubrik during the 2nd quarter valued at approximately $427,000. ARK Investment Management LLC acquired a new stake in shares of Rubrik during the second quarter worth approximately $6,043,000. Finally, EPIQ Capital Group LLC bought a new stake in shares of Rubrik in the second quarter worth $15,111,000.

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.