Rubrik, Inc. (NYSE:RBRK) CFO Sells $6,161,488.84 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 87,971 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $70.04, for a total value of $6,161,488.84. Following the completion of the transaction, the chief financial officer now owns 413,458 shares of the company’s stock, valued at approximately $28,958,598.32. This represents a 17.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, January 15th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $66.52, for a total value of $119,736.00.
• On Wednesday, January 8th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $62.60, for a total transaction of $112,680.00.
• On Thursday, January 2nd, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $65.72, for a total transaction of $118,296.00.
• On Friday, December 27th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $68.03, for a total transaction of $122,454.00.

Rubrik Stock Performance

Shares of NYSE RBRK traded up $0.69 during midday trading on Tuesday, reaching $74.15. The company’s stock had a trading volume of 2,535,563 shares, compared to its average volume of 1,936,387. The company has a market cap of $13.74 billion and a P/E ratio of -5.38. The business’s 50 day moving average price is $69.18 and its two-hundred day moving average price is $55.65. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.00.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The business had revenue of $258.10 million during the quarter, compared to analysts’ expectations of $233.13 million. Rubrik’s quarterly revenue was up 47.5% on a year-over-year basis. During the same period in the previous year, the company earned ($1.59) earnings per share. Sell-side analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RBRK shares. KeyCorp cut their target price on shares of Rubrik from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Barclays raised their price objective on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. William Blair initiated coverage on Rubrik in a report on Friday, February 7th. They set a “market perform” rating on the stock. Wells Fargo & Company increased their price target on Rubrik from $76.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Finally, Guggenheim lifted their price objective on shares of Rubrik from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $70.00.

Institutional Investors Weigh In On Rubrik

Several institutional investors and hedge funds have recently bought and sold shares of the company. Natixis Advisors LLC raised its position in shares of Rubrik by 302.5% in the 3rd quarter. Natixis Advisors LLC now owns 53,271 shares of the company’s stock valued at $1,713,000 after buying an additional 40,036 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Rubrik by 134.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 325,420 shares of the company’s stock valued at $10,462,000 after acquiring an additional 186,485 shares during the last quarter. Alpha DNA Investment Management LLC acquired a new position in Rubrik during the third quarter valued at approximately $411,000. Summit Trail Advisors LLC acquired a new position in Rubrik during the third quarter valued at approximately $625,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Rubrik during the third quarter worth $25,000. Institutional investors own 49.54% of the company’s stock.

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.