Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 1,800 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $50.38, for a total value of $90,684.00. Following the completion of the sale, the chief financial officer now directly owns 373,760 shares of the company’s stock, valued at approximately $18,830,028.80. This represents a 0.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, November 22nd, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The shares were sold at an average price of $50.31, for a total value of $503,100.00.
• On Wednesday, November 20th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $45.00, for a total value of $81,000.00.
• On Thursday, November 14th, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The stock was sold at an average price of $44.48, for a total value of $444,800.00.
• 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 stock was sold at an average price of $45.04, for a total value 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 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 value 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 value 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 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.

Rubrik Stock Down 0.7 %

Shares of RBRK traded down $0.36 during midday trading on Wednesday, reaching $49.66. 717,662 shares of the stock were exchanged, compared to its average volume of 1,475,725. The business’s 50-day moving average price is $39.42 and its 200 day moving average price is $35.19. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $52.75.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $195.58 million. Analysts anticipate that Rubrik, Inc. will post -8.04 EPS for the current year.

Hedge Funds Weigh In On Rubrik

Several institutional investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. acquired a new position in Rubrik in the 3rd quarter valued at about $25,000. KBC Group NV acquired a new position in Rubrik during the 3rd quarter worth approximately $72,000. Quent Capital LLC acquired a new position in Rubrik during the 3rd quarter worth approximately $192,000. Mount Yale Investment Advisors LLC acquired a new position in Rubrik during the 3rd quarter worth approximately $208,000. Finally, Barclays PLC increased its position in Rubrik by 140.6% during the 3rd quarter. Barclays PLC now owns 12,029 shares of the company’s stock worth $386,000 after purchasing an additional 7,029 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wedbush lifted their price objective on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. CIBC lifted their price target on Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a report on Tuesday, September 10th. Citigroup lifted their price target on Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. KeyCorp lifted their price target on Rubrik from $48.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Truist Financial lifted their price target on Rubrik from $43.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $46.71.

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.