Kiran Kumar Choudary Sells 10,000 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $44.48, for a total transaction of $444,800.00. Following the transaction, the chief financial officer now directly owns 385,360 shares of the company’s stock, valued at $17,140,812.80. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 shares were 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 shares were 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 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 shares were 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 value of $188,955.00.
• On Friday, October 25th, Kiran Kumar Choudary sold 14,000 shares of Rubrik stock. The stock was 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 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 shares were sold at an average price of $31.41, for a total transaction of $1,630,932.84.

Rubrik Stock Up 1.3 %

Shares of RBRK stock traded up $0.55 during trading hours on Monday, reaching $43.79. The stock had a trading volume of 750,113 shares, compared to its average volume of 1,484,734. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $45.90. The firm has a 50-day simple moving average of $37.18 and a 200-day simple moving average of $34.50.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $195.58 million. As a group, sell-side analysts predict that Rubrik, Inc. will post -8.04 EPS for the current year.

Hedge Funds Weigh In On Rubrik

Several large investors have recently bought and sold shares of the stock. Dragoneer Investment Group LLC acquired a new stake in Rubrik during the 2nd quarter worth about $47,523,000. Champlain Investment Partners LLC acquired a new position in shares of Rubrik during the 3rd quarter worth about $44,418,000. Point72 Asset Management L.P. bought a new stake in shares of Rubrik in the third quarter valued at about $42,247,000. PointState Capital LP bought a new position in Rubrik in the third quarter worth $40,466,000. Finally, Institutional Venture Management XV LLC raised its position in Rubrik by 3,620.4% in the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after purchasing an additional 1,131,360 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently commented on RBRK. Citigroup raised their price objective on shares of Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Truist Financial raised their price target on shares of Rubrik from $43.00 to $50.00 and gave the company a “buy” rating in a research report on Monday. FBN Securities assumed coverage on Rubrik in a research report on Monday, September 30th. They set an “outperform” rating and a $40.00 price objective on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $50.00 target price on shares of Rubrik in a report on Tuesday, September 10th. Finally, BMO Capital Markets cut their price target on Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Rubrik currently has an average rating of “Buy” and a consensus price target of $45.41.

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.