Rubrik, Inc. (NYSE:RBRK) CFO Sells $59,100.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $39.40, for a total transaction of $59,100.00. Following the transaction, the chief financial officer now directly owns 423,060 shares of the company’s stock, valued at $16,668,564. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 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 transaction 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 value of $1,630,932.84.

Rubrik Price Performance

Shares of RBRK opened at $42.59 on Thursday. The company’s 50 day moving average price is $34.95. Rubrik, Inc. has a one year low of $28.34 and a one year high of $43.95.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results 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 the consensus estimate of $195.58 million. On average, sell-side analysts anticipate that Rubrik, Inc. will post -7.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quent Capital LLC acquired a new stake in shares of Rubrik in the 3rd quarter valued at approximately $192,000. Mount Yale Investment Advisors LLC acquired a new stake in Rubrik in the third quarter valued at approximately $208,000. Register Financial Advisors LLC bought a new stake in shares of Rubrik during the second quarter worth $227,000. Sei Investments Co. acquired a new position in shares of Rubrik during the second quarter worth $235,000. Finally, PFG Investments LLC bought a new position in shares of Rubrik in the 2nd quarter valued at $242,000.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RBRK shares. Truist Financial restated a “buy” rating and issued a $43.00 price target on shares of Rubrik in a research note on Tuesday, September 10th. CIBC boosted their target price on shares of Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a report on Tuesday, September 10th. Wells Fargo & Company cut their price target on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. Cantor Fitzgerald restated an “overweight” rating and set a $50.00 price objective on shares of Rubrik in a research note on Tuesday, September 10th. Finally, Robert W. Baird started coverage on shares of Rubrik in a report on Monday, July 15th. They issued an “outperform” rating and a $42.00 target price on the stock. Sixteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $44.65.

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.