Rubrik, Inc. (NYSE:RBRK) CFO Sells $444,800.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 10,000 shares of Rubrik stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $44.48, for a total value of $444,800.00. Following the sale, the chief financial officer now directly owns 385,360 shares of the company’s stock, valued at approximately $17,140,812.80. This trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 shares were 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 stock was 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 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 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 transaction of $59,100.00.
• On Thursday, October 17th, Kiran Kumar Choudary sold 7,583 shares of Rubrik stock. The shares were sold at an average price of $40.14, for a total value of $304,381.62.
• On Monday, October 14th, Kiran Kumar Choudary sold 45,800 shares of Rubrik stock. The stock was sold at an average price of $39.22, for a total value of $1,796,276.00.
• On Thursday, September 26th, Kiran Kumar Choudary sold 51,924 shares of Rubrik stock. The stock was sold at an average price of $31.41, for a total transaction of $1,630,932.84.

Rubrik Stock Performance

NYSE RBRK traded up $0.55 during midday trading on Monday, hitting $43.79. The company had a trading volume of 750,113 shares, compared to its average volume of 1,484,734. The firm has a fifty day simple moving average of $37.18 and a two-hundred day simple moving average of $34.50. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $45.90.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The firm had revenue of $204.95 million during the quarter, compared to the consensus estimate of $195.58 million. Equities research analysts forecast that Rubrik, Inc. will post -8.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Truist Financial upped their price target on Rubrik from $43.00 to $50.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company decreased their target price on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. Wedbush raised their price objective on shares of Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. BMO Capital Markets decreased their target price on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Finally, FBN Securities began coverage on shares of Rubrik in a research report on Monday, September 30th. They set an “outperform” rating and a $40.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $45.41.

Institutional Investors Weigh In On Rubrik

A number of large investors have recently modified their holdings of the business. Register Financial Advisors LLC bought a new stake in shares of Rubrik during the second quarter valued at approximately $227,000. Zweig DiMenna Associates LLC purchased a new stake in Rubrik in the second quarter worth approximately $6,730,000. EFG Asset Management North America Corp. bought a new position in shares of Rubrik in the second quarter worth approximately $925,000. ARK Investment Management LLC bought a new stake in Rubrik in the second quarter valued at $6,043,000. Finally, Cisco Systems Inc. bought a new stake in shares of Rubrik during the 2nd quarter valued at $5,613,000.

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.