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 firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $45.00, for a total value of $81,000.00. Following the transaction, the chief financial officer now owns 384,560 shares of the company’s stock, valued at $17,305,200. The trade was a 0.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 shares were sold at an average price of $50.31, for a total value 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 value of $444,800.00.
• On Monday, November 11th, Kiran Kumar Choudary sold 2,670 shares of Rubrik stock. The stock was 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 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 transaction of $557,340.00.
• On Monday, October 28th, Kiran Kumar Choudary sold 1,500 shares of Rubrik stock. The stock was 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 4.2 %

Shares of NYSE:RBRK traded up $2.07 during midday trading on Friday, reaching $51.19. 1,712,564 shares of the company’s stock traded hands, compared to its average volume of 1,479,527. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $51.58. The company has a fifty day simple moving average of $38.27 and a two-hundred day simple moving average of $34.82.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The company had revenue of $204.95 million during the quarter, compared to analysts’ expectations of $195.58 million. On average, equities research analysts forecast that Rubrik, Inc. will post -8.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rubrik

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. acquired a new stake in shares of Rubrik during the 3rd quarter worth about $25,000. KBC Group NV purchased a new stake in Rubrik during the 3rd quarter worth about $72,000. Quent Capital LLC acquired a new stake in Rubrik in the third quarter valued at approximately $192,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Rubrik during the 3rd quarter worth about $208,000. Finally, Barclays PLC boosted its holdings in shares of Rubrik by 140.6% in the 3rd quarter. Barclays PLC now owns 12,029 shares of the company’s stock valued at $386,000 after buying an additional 7,029 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Oppenheimer initiated coverage on shares of Rubrik in a research report on Wednesday, November 13th. They issued a “market perform” rating on the stock. Wells Fargo & Company reduced their price objective on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 10th. Guggenheim raised their price target on Rubrik from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday. KeyCorp upped their price objective on Rubrik from $48.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Barclays upped their price target on shares of Rubrik from $42.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment 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 stock. According to MarketBeat, Rubrik presently has a consensus rating of “Buy” and a consensus price target 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.