Insider Selling: Rubrik, Inc. (NYSE:RBRK) CFO Sells 10,000 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $44.48, for a total value of $444,800.00. Following the completion of the transaction, the chief financial officer now directly owns 385,360 shares of the company’s stock, valued at approximately $17,140,812.80. This trade represents a 2.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 transaction of $120,336.90.
• On Friday, November 8th, Kiran Kumar Choudary sold 7,330 shares of Rubrik stock. The shares were 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 stock was sold at an average price of $38.49, for a total transaction 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 stock was sold at an average price of $39.40, for a total transaction of $59,100.00.
• 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 value 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 value 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 1.3 %

NYSE:RBRK opened at $43.79 on Tuesday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $45.90. The stock has a 50-day simple moving average of $37.41 and a 200 day simple moving average of $34.57.

Rubrik (NYSE:RBRK) last announced its 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 company had revenue of $204.95 million for the quarter, compared to analyst estimates of $195.58 million. As a group, analysts forecast that Rubrik, Inc. will post -8.04 earnings per share for the current fiscal year.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Rubrik by 133.3% during the 3rd quarter. Geode Capital Management LLC now owns 568,646 shares of the company’s stock worth $18,290,000 after purchasing an additional 324,951 shares during the last quarter. Barclays PLC grew its stake in shares of Rubrik by 140.6% in the third 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. XTX Topco Ltd acquired a new position in Rubrik during the third quarter worth $571,000. State Street Corp raised its position in Rubrik by 368.9% during the third quarter. State Street Corp now owns 421,096 shares of the company’s stock worth $13,538,000 after acquiring an additional 331,296 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Rubrik by 407.7% in the third quarter. Stifel Financial Corp now owns 68,566 shares of the company’s stock valued at $2,204,000 after acquiring an additional 55,062 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RBRK shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $50.00 target price on shares of Rubrik in a research note on Tuesday, September 10th. Robert W. Baird lifted their target price on Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Piper Sandler began coverage on Rubrik in a research report on Monday, August 19th. They set an “overweight” rating and a $42.00 target price for the company. BMO Capital Markets decreased their price target on Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Finally, Wells Fargo & Company dropped their price objective on Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Rubrik presently has a consensus rating of “Buy” and a consensus target price of $45.41.

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.