Insider Selling: Rubrik, Inc. (NYSE:RBRK) CFO Sells 45,800 Shares of Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 45,800 shares of the business's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $39.22, for a total value of $1,796,276.00. Following the completion of the transaction, the chief financial officer now owns 448,560 shares of the company's stock, valued at $17,592,523.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale 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 Thursday, September 26th, Kiran Kumar Choudary sold 51,924 shares of Rubrik stock. The shares were sold at an average price of $31.41, for a total value of $1,630,932.84.

Rubrik Stock Performance

Shares of RBRK stock traded down $0.26 during trading hours on Wednesday, reaching $38.87. The company had a trading volume of 964,953 shares, compared to its average volume of 1,520,822. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $40.36. The company's fifty day simple moving average is $33.66.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. On average, equities research analysts predict that Rubrik, Inc. will post -7.95 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Dragoneer Investment Group LLC acquired a new stake in Rubrik during the second quarter valued at approximately $47,523,000. Clearbridge Investments LLC bought a new stake in shares of Rubrik in the 2nd quarter valued at approximately $32,888,000. EPIQ Capital Group LLC acquired a new stake in shares of Rubrik during the 2nd quarter valued at approximately $15,111,000. SG Americas Securities LLC bought a new position in Rubrik during the third quarter worth $10,200,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Rubrik in the second quarter worth $7,665,000.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on RBRK shares. Wells Fargo & Company decreased 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. BMO Capital Markets decreased their target price on shares of Rubrik from $40.00 to $38.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 10th. FBN Securities initiated coverage on shares of Rubrik in a research report on Monday, September 30th. They set an "outperform" rating and a $40.00 price target for the company. Truist Financial reiterated a "buy" rating and issued a $43.00 price target on shares of Rubrik in a report on Tuesday, September 10th. Finally, Piper Sandler assumed coverage on Rubrik in a report on Monday, August 19th. They set an "overweight" rating and a $42.00 price objective for the company. Sixteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $44.65.

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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