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

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 10,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $50.31, for a total transaction of $503,100.00. Following the transaction, the chief financial officer now directly owns 374,560 shares of the company’s stock, valued at approximately $18,844,113.60. This represents a 2.60 % decrease in their position. The transaction was disclosed in a legal 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 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 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 shares were sold at an average price of $40.14, for a total transaction of $304,381.62.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $51.19 on Friday. The company’s 50 day simple moving average is $38.27 and its 200 day simple moving average is $34.82. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $51.58.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. bought a new position in Rubrik in the third quarter valued at $25,000. KBC Group NV bought a new position in shares of Rubrik in the 3rd quarter valued at about $72,000. Quent Capital LLC bought a new position in shares of Rubrik in the 3rd quarter valued at about $192,000. Mount Yale Investment Advisors LLC bought a new position in shares of Rubrik in the 3rd quarter valued at about $208,000. Finally, Barclays PLC grew its position in shares of Rubrik by 140.6% in the 3rd quarter. Barclays PLC now owns 12,029 shares of the company’s stock valued at $386,000 after acquiring an additional 7,029 shares during the period.

Analyst Ratings Changes

RBRK has been the topic of a number of analyst reports. Truist Financial upped their target price on shares of Rubrik from $43.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Citigroup upped their target price 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. Robert W. Baird upped their target price on shares of Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. CIBC upped their target price on shares of Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a research note on Tuesday, September 10th. Finally, Guggenheim upped their target price on shares of Rubrik from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Rubrik currently has an average rating of “Buy” and an average target price of $46.71.

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.