Insider Selling: Rubrik, Inc. (NYSE:RBRK) CFO Sells $444,800.00 in Stock

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

RBRK opened at $45.16 on Thursday. The stock has a fifty day moving average price of $37.90 and a 200 day moving average price of $34.72. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $45.90.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results 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. Research analysts expect that Rubrik, Inc. will post -8.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on RBRK shares. Robert W. Baird raised their target price on shares of Rubrik from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Wells Fargo & Company reduced their price objective on Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. Piper Sandler initiated coverage on Rubrik in a report on Monday, August 19th. They issued an “overweight” rating and a $42.00 target price on the stock. Citigroup upped their target price on Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, Guggenheim lifted their price target on Rubrik from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Rubrik currently has a consensus rating of “Buy” and an average price target of $46.18.

Institutional Trading of Rubrik

Several large investors have recently added to or reduced their stakes in RBRK. Barclays PLC raised its holdings in shares of Rubrik by 140.6% during the 3rd quarter. Barclays PLC now owns 12,029 shares of the company’s stock valued at $386,000 after purchasing an additional 7,029 shares in the last quarter. Geode Capital Management LLC increased its position in Rubrik by 133.3% during the third quarter. Geode Capital Management LLC now owns 568,646 shares of the company’s stock worth $18,290,000 after buying an additional 324,951 shares during the last quarter. XTX Topco Ltd bought a new position in Rubrik during the third quarter valued at about $571,000. State Street Corp lifted its position in shares of Rubrik by 368.9% in the third quarter. State Street Corp now owns 421,096 shares of the company’s stock worth $13,538,000 after buying an additional 331,296 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Rubrik by 407.7% during the 3rd quarter. Stifel Financial Corp now owns 68,566 shares of the company’s stock worth $2,204,000 after acquiring an additional 55,062 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.