Rubrik, Inc. (NYSE:RBRK) CFO Sells $330,143.20 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 7,330 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $45.04, for a total value of $330,143.20. Following the completion of the sale, the chief financial officer now owns 398,830 shares in the company, valued at approximately $17,963,303.20. This represents a 1.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 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 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 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 stock was sold at an average price of $31.41, for a total transaction of $1,630,932.84.

Rubrik Price Performance

Shares of NYSE RBRK opened at $44.50 on Friday. The firm’s 50-day moving average price is $36.93 and its two-hundred day moving average price is $34.41. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $45.90.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The company had revenue of $204.95 million during the quarter, compared to analyst estimates of $195.58 million. On average, analysts predict that Rubrik, Inc. will post -7.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on RBRK. Citigroup upped their target price on Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Wells Fargo & Company decreased their target price on Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, September 10th. Cantor Fitzgerald reissued an “overweight” rating and set a $50.00 price target on shares of Rubrik in a research report on Tuesday, September 10th. Robert W. Baird increased their price objective on shares of Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, 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. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $45.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RBRK. Brown Brothers Harriman & Co. acquired a new position in Rubrik during the 3rd quarter worth $25,000. KBC Group NV acquired a new stake in Rubrik in the third quarter worth about $72,000. Quent Capital LLC acquired a new position in Rubrik during the 3rd quarter valued at about $192,000. Mount Yale Investment Advisors LLC acquired a new position in Rubrik during the 3rd quarter valued at about $208,000. Finally, Register Financial Advisors LLC bought a new stake in shares of Rubrik during the 2nd quarter worth about $227,000.

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.