Kiran Kumar Choudary Sells 7,583 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 7,583 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $40.14, for a total value of $304,381.62. Following the completion of the sale, the chief financial officer now directly owns 438,560 shares of the company’s stock, valued at approximately $17,603,798.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 value of $1,630,932.84.

Rubrik Stock Performance

Shares of Rubrik stock traded down $1.02 during trading on Monday, reaching $38.52. The company’s stock had a trading volume of 1,256,270 shares, compared to its average volume of 1,526,861. The stock has a fifty day moving average price of $33.98. Rubrik, Inc. has a one year low of $28.34 and a one year high of $41.33.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Monday, September 9th. The company reported ($0.97) EPS 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 analyst estimates of $195.58 million. Research analysts forecast that Rubrik, Inc. will post -7.95 earnings per share for the current year.

Hedge Funds Weigh In On Rubrik

Institutional investors have recently made changes to their positions in the business. Diversified Trust Co bought a new position in Rubrik during the third quarter valued at about $432,000. Davidson Kempner Capital Management LP bought a new position in Rubrik during the second quarter valued at about $2,606,000. Bank of Montreal Can bought a new position in Rubrik during the second quarter valued at about $427,000. ARK Investment Management LLC bought a new position in Rubrik during the second quarter valued at about $6,043,000. Finally, EPIQ Capital Group LLC bought a new position in Rubrik during the second quarter valued at about $15,111,000.

Analyst Upgrades and Downgrades

RBRK has been the subject of several recent analyst reports. CIBC raised their target price on Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research report on Tuesday, September 10th. Robert W. Baird assumed coverage on Rubrik in a research report on Monday, July 15th. They set an “outperform” rating and a $42.00 price objective for the company. Guggenheim reissued a “buy” rating and set a $48.00 price objective on shares of Rubrik in a research report on Tuesday, June 25th. Piper Sandler assumed coverage on Rubrik in a research report on Monday, August 19th. They set an “overweight” rating and a $42.00 price objective for the company. Finally, BMO Capital Markets reduced their price objective on Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Sixteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Rubrik presently has an average rating of “Buy” and a consensus target price of $44.65.

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.