Kiran Kumar Choudary Sells 30,000 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 30,000 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $65.78, for a total transaction of $1,973,400.00. Following the sale, the chief financial officer now owns 342,960 shares of the company's stock, valued at approximately $22,559,908.80. The trade was a 8.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, December 4th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $51.51, for a total transaction of $92,718.00.
• On Tuesday, November 26th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $50.38, for a total transaction of $90,684.00.
• 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 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 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 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 shares were 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 shares were sold at an average price of $41.99, for a total transaction of $188,955.00.

Rubrik Stock Up 20.3 %

Rubrik stock traded up $10.88 during midday trading on Friday, reaching $64.54. The company's stock had a trading volume of 17,244,195 shares, compared to its average volume of 1,587,887. The business has a 50-day simple moving average of $42.00 and a 200-day simple moving average of $35.98. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $72.66.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Monday, September 9th. The company reported ($0.97) earnings per share (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. On average, sell-side analysts expect that Rubrik, Inc. will post -8.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Rubrik

Several large investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. acquired a new stake in shares of Rubrik during the third quarter worth about $25,000. KBC Group NV acquired a new stake in Rubrik during the 3rd quarter worth $72,000. Quent Capital LLC purchased a new position in Rubrik during the 3rd quarter worth $192,000. Mount Yale Investment Advisors LLC acquired a new position in Rubrik in the third quarter valued at $208,000. Finally, Sei Investments Co. purchased a new stake in shares of Rubrik in the second quarter valued at about $235,000.

Wall Street Analyst Weigh In

RBRK has been the subject of several research analyst reports. Citigroup raised their price target on Rubrik from $48.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday. FBN Securities started coverage on Rubrik in a report on Monday, September 30th. They set an "outperform" rating and a $40.00 target price for the company. Cantor Fitzgerald lifted their target price on Rubrik from $58.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday. BMO Capital Markets increased their price target on shares of Rubrik from $38.00 to $72.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Wells Fargo & Company raised their price objective on shares of Rubrik from $40.00 to $76.00 and gave the company an "overweight" rating in a research note on Friday. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $60.59.

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.

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