Rubrik, Inc. (NYSE:RBRK) CFO Sells $81,000.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $45.00, for a total transaction of $81,000.00. Following the completion of the transaction, the chief financial officer now owns 384,560 shares in the company, valued at $17,305,200. The trade was a 0.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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 transaction of $503,100.00.
• On Thursday, November 14th, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The shares were 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 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 value of $454,182.00.
• On Thursday, October 31st, Kiran Kumar Choudary sold 4,500 shares of Rubrik stock. The stock was sold at an average price of $41.99, for a total value 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.
• On Thursday, October 17th, Kiran Kumar Choudary sold 7,583 shares of Rubrik stock. The stock was sold at an average price of $40.14, for a total transaction of $304,381.62.

Rubrik Trading Up 3.9 %

Shares of RBRK opened at $51.05 on Friday. The firm has a 50-day moving average price of $38.68 and a 200 day moving average price of $34.94. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $51.58.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $195.58 million. As a group, sell-side analysts predict that Rubrik, Inc. will post -8.04 EPS for the current year.

Hedge Funds Weigh In On Rubrik

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

Analysts Set New Price Targets

Several brokerages recently weighed in on RBRK. Robert W. Baird boosted their price objective on Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Wedbush upped their price target on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Barclays lifted their price objective on shares of Rubrik from $42.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday. Truist Financial increased their target price on shares of Rubrik from $43.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, BMO Capital Markets decreased their price target on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.