Rubrik, Inc. (NYSE:RBRK) CFO Sells $90,684.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $50.38, for a total value of $90,684.00. Following the transaction, the chief financial officer now owns 373,760 shares in the company, valued at $18,830,028.80. The trade was a 0.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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 value of $503,100.00.
• On Wednesday, November 20th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $45.00, for a total value of $81,000.00.
• On Thursday, November 14th, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The stock was 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 value 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 value 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 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.

Rubrik Stock Performance

Shares of RBRK stock traded down $0.36 during trading hours on Wednesday, hitting $49.66. 717,662 shares of the company were exchanged, compared to its average volume of 1,475,725. Rubrik, Inc. has a one year low of $28.34 and a one year high of $52.75. The business’s 50-day simple moving average is $39.42 and its two-hundred day simple moving average is $35.19.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Monday, September 9th. The company reported ($0.97) 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. Equities analysts anticipate that Rubrik, Inc. will post -8.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RBRK shares. Wells Fargo & Company reduced their price target on Rubrik from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. CIBC increased their price target on Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research note on Tuesday, September 10th. KeyCorp increased their price target on Rubrik from $48.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Robert W. Baird upped their price objective on Rubrik from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, FBN Securities began coverage on Rubrik in a report on Monday, September 30th. They issued an “outperform” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a hold rating, fifteen have assigned 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 an average price target of $46.71.

Institutional Trading of Rubrik

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

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.