Kiran Kumar Choudary Sells 1,800 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $50.38, for a total transaction of $90,684.00. Following the transaction, the chief financial officer now owns 373,760 shares in the company, valued at $18,830,028.80. This represents a 0.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, November 22nd, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The stock was sold at an average price of $50.31, for a total value of $503,100.00.
• 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 value 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 value of $444,800.00.
• 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 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 value 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 value of $59,100.00.

Rubrik Trading Down 0.7 %

Shares of NYSE:RBRK opened at $49.66 on Friday. The firm’s 50 day moving average price is $39.78 and its 200-day moving average price is $35.29. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $52.75.

Rubrik (NYSE:RBRK) last issued its quarterly 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 firm had revenue of $204.95 million for the quarter, compared to analyst estimates of $195.58 million. As a group, analysts predict that Rubrik, Inc. will post -8.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays raised their price target on Rubrik from $42.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. KeyCorp raised their price objective on shares of Rubrik from $48.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Robert W. Baird upped their target price on shares of Rubrik from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. 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, November 18th. Finally, Oppenheimer assumed coverage on Rubrik in a research report on Wednesday, November 13th. They issued a “market perform” rating on the stock. 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, the stock presently has an average rating of “Buy” and an average price target of $46.71.

Institutional Trading of Rubrik

Several hedge funds have recently bought and sold shares of RBRK. Diversified Trust Co purchased a new position in shares of Rubrik during the 3rd quarter valued at about $432,000. Davidson Kempner Capital Management LP bought a new stake in Rubrik during the 2nd quarter worth approximately $2,606,000. Bank of Montreal Can purchased a new position in Rubrik during the second quarter valued at approximately $427,000. Penserra Capital Management LLC bought a new position in shares of Rubrik in the third quarter worth approximately $35,359,000. Finally, Natixis Advisors LLC increased its stake in shares of Rubrik by 302.5% in the third quarter. Natixis Advisors LLC now owns 53,271 shares of the company’s stock worth $1,713,000 after purchasing an additional 40,036 shares in the last quarter.

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.