Insider Selling: Rubrik, Inc. (NYSE:RBRK) CFO Sells 30,000 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 30,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 342,960 shares in the company, valued at approximately $22,559,908.80. The trade was a 8.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 transaction 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 stock was 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 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 stock was 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 stock was 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 stock was 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.

Rubrik Stock Up 20.4 %

Shares of NYSE:RBRK opened at $64.63 on Friday. The company has a 50 day moving average of $42.65 and a 200 day moving average of $36.18. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $72.66.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The company had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. On average, research analysts expect that Rubrik, Inc. will post -8.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rubrik

Several hedge funds have recently bought and sold shares of the company. Barclays PLC grew its stake in Rubrik by 140.6% during the third quarter. Barclays PLC now owns 12,029 shares of the company’s stock valued at $386,000 after acquiring an additional 7,029 shares in the last quarter. Geode Capital Management LLC lifted its position in Rubrik by 133.3% during the third quarter. Geode Capital Management LLC now owns 568,646 shares of the company’s stock valued at $18,290,000 after purchasing an additional 324,951 shares during the last quarter. XTX Topco Ltd bought a new stake in Rubrik during the third quarter valued at approximately $571,000. State Street Corp lifted its position in Rubrik by 368.9% during the third quarter. State Street Corp now owns 421,096 shares of the company’s stock valued at $13,538,000 after purchasing an additional 331,296 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in Rubrik by 407.7% during the third quarter. Stifel Financial Corp now owns 68,566 shares of the company’s stock valued at $2,204,000 after purchasing an additional 55,062 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently weighed in on RBRK shares. Oppenheimer assumed coverage on shares of Rubrik in a research report on Wednesday, November 13th. They set a “market perform” rating for the company. Piper Sandler restated an “overweight” rating and set a $72.00 price objective (up previously from $42.00) on shares of Rubrik in a report on Friday. Cantor Fitzgerald raised their price objective on shares of Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday. Robert W. Baird raised their price objective on shares of Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Guggenheim raised their price objective on shares of Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Rubrik presently has an average rating of “Buy” and an average target price of $60.59.

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.