Rubrik, Inc. (NYSE:RBRK) CFO Sells $503,100.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 10,000 shares of Rubrik stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $50.31, for a total transaction of $503,100.00. Following the completion of the sale, the chief financial officer now owns 374,560 shares of the company’s stock, valued at $18,844,113.60. This trade represents a 2.60 % decrease in their position. The sale 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, 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 stock was 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 transaction 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 transaction 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 transaction 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 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 transaction 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 transaction of $304,381.62.

Rubrik Stock Performance

RBRK opened at $51.19 on Friday. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $51.58. The company’s fifty day moving average price is $38.27 and its two-hundred day moving average price is $34.82.

Rubrik (NYSE:RBRK) last posted 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 firm had revenue of $204.95 million for the quarter, compared to analysts’ expectations of $195.58 million. Equities analysts forecast that Rubrik, Inc. will post -8.04 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on RBRK shares. BMO Capital Markets reduced their target price on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Wedbush boosted their price target on shares of Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Truist Financial boosted their price target on shares of Rubrik from $43.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. FBN Securities started coverage on shares of Rubrik in a research report on Monday, September 30th. They set an “outperform” rating and a $40.00 target price on the stock. Finally, KeyCorp boosted their target price on shares of Rubrik from $48.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $46.71.

Institutional Trading of Rubrik

Institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in shares of Rubrik in the 3rd quarter worth $25,000. KBC Group NV bought a new stake in shares of Rubrik in the 3rd quarter worth $72,000. Quent Capital LLC bought a new stake in shares of Rubrik in the 3rd quarter worth $192,000. Mount Yale Investment Advisors LLC bought a new position in Rubrik during the third quarter valued at about $208,000. Finally, Register Financial Advisors LLC bought a new position in Rubrik during the second quarter valued at about $227,000.

About Rubrik

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.