Kiran Kumar Choudary Sells 4,500 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 4,500 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $41.99, for a total value of $188,955.00. Following the completion of the transaction, the chief financial officer now directly owns 417,760 shares in the company, valued at $17,541,742.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 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.
• On Monday, October 14th, Kiran Kumar Choudary sold 45,800 shares of Rubrik stock. The shares were 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 stock was sold at an average price of $31.41, for a total transaction of $1,630,932.84.

Rubrik Trading Up 0.1 %

Shares of RBRK stock opened at $41.55 on Wednesday. Rubrik, Inc. has a one year low of $28.34 and a one year high of $43.95. The stock’s 50-day moving average is $35.30.

Rubrik (NYSE:RBRK) last released its 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 business had revenue of $204.95 million during the quarter, compared to the consensus estimate of $195.58 million. As a group, analysts anticipate that Rubrik, Inc. will post -7.94 EPS for the current year.

Hedge Funds Weigh In On Rubrik

Several large investors have recently added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in Rubrik during the third quarter valued at $192,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Rubrik during the 3rd quarter valued at about $208,000. Register Financial Advisors LLC acquired a new stake in Rubrik during the second quarter worth about $227,000. Sei Investments Co. bought a new position in Rubrik in the second quarter worth about $235,000. Finally, PFG Investments LLC bought a new position in Rubrik in the second quarter worth about $242,000.

Wall Street Analyst Weigh In

RBRK has been the subject of a number of research reports. CIBC upped their price target on shares of Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research report on Tuesday, September 10th. Truist Financial reaffirmed a “buy” rating and issued a $43.00 target price on shares of Rubrik in a research report on Tuesday, September 10th. FBN Securities began coverage on Rubrik in a report on Monday, September 30th. They set an “outperform” rating and a $40.00 target price on the stock. Robert W. Baird upped their price target on Rubrik from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Citigroup increased their price objective on shares of Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Sixteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $45.00.

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.