Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 30,000 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $65.78, for a total transaction of $1,973,400.00. Following the sale, the chief financial officer now directly owns 342,960 shares of the company’s stock, valued at approximately $22,559,908.80. This trade represents a 8.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, December 4th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $51.51, for a total value of $92,718.00.
• On Tuesday, November 26th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $50.38, for a total transaction of $90,684.00.
• 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 transaction of $503,100.00.
• On Wednesday, November 20th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $45.00, for a total transaction of $81,000.00.
• On Thursday, November 14th, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The shares were sold at an average price of $44.48, for a total transaction 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 shares were 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 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 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 shares were sold at an average price of $41.99, for a total value of $188,955.00.

Rubrik Trading Up 20.3 %

RBRK stock opened at $64.54 on Friday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $72.66. The business has a 50-day simple moving average of $42.65 and a two-hundred day simple moving average of $36.18.

Rubrik (NYSE:RBRK) last announced its 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 the consensus estimate of $195.58 million. On average, equities research analysts anticipate that Rubrik, Inc. will post -8.04 earnings per share for the current fiscal year.

Institutional Trading of Rubrik

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on RBRK shares. Citigroup increased their price target on shares of Rubrik from $48.00 to $75.00 and gave the company a “buy” rating in a research note on Friday. Cantor Fitzgerald boosted their price target on Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday. Guggenheim upped their target price on Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday. Barclays increased their price objective on shares of Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday. Finally, BMO Capital Markets increased their target price on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $60.59.

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.