Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 87,971 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 87,971 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $70.04, for a total transaction of $6,161,488.84. Following the completion of the transaction, the chief financial officer now directly owns 413,458 shares in the company, valued at $28,958,598.32. This represents a 17.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 transaction of $119,736.00.
• On Wednesday, January 8th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was 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 value 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 value of $122,454.00.

Rubrik Price Performance

Shares of NYSE RBRK opened at $65.74 on Friday. The company has a 50-day simple moving average of $69.17 and a 200-day simple moving average of $55.81. The company has a market cap of $12.18 billion and a PE ratio of -4.77. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results 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 the consensus estimate of $233.13 million. During the same period in the previous year, the business earned ($1.59) EPS. The business’s revenue was up 47.5% compared to the same quarter last year. On average, analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Hedge Funds Weigh In On Rubrik

Several large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Rubrik in the 4th quarter valued at about $277,395,000. Vanguard Group Inc. lifted its holdings in shares of Rubrik by 114.1% during the 4th quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company’s stock worth $413,610,000 after acquiring an additional 3,372,323 shares during the period. FMR LLC boosted its position in shares of Rubrik by 172.6% in the fourth quarter. FMR LLC now owns 3,261,925 shares of the company’s stock worth $213,199,000 after acquiring an additional 2,065,444 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Rubrik in the third quarter valued at approximately $42,247,000. Finally, Voloridge Investment Management LLC acquired a new position in Rubrik during the fourth quarter worth approximately $85,331,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $85.00 price objective on shares of Rubrik in a research report on Friday, March 14th. Wedbush increased their price target on shares of Rubrik from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, March 14th. KeyCorp decreased their price objective on shares of Rubrik from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Truist Financial increased their target price on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Rosenblatt Securities raised Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price target on the stock in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Rubrik currently has an average rating of “Buy” and a consensus target price of $70.00.

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.