Insider Selling: Rubrik, Inc. (NYSE:RBRK) CFO Sells 1,500 Shares of Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 1,500 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $39.40, for a total transaction of $59,100.00. Following the sale, the chief financial officer now directly owns 423,060 shares in the company, valued at $16,668,564. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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.
• On Monday, October 14th, Kiran Kumar Choudary sold 45,800 shares of Rubrik stock. The shares were sold at an average price of $39.22, for a total transaction 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 value of $1,630,932.84.

Rubrik Stock Up 5.0 %

NYSE:RBRK traded up $2.03 during mid-day trading on Tuesday, reaching $42.61. 2,971,286 shares of the stock were exchanged, compared to its average volume of 1,526,594. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $43.95. The company has a 50 day moving average of $34.83.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. As a group, sell-side analysts anticipate that Rubrik, Inc. will post -7.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on RBRK shares. Piper Sandler began coverage on Rubrik in a research note on Monday, August 19th. They set an "overweight" rating and a $42.00 target price for the company. Wedbush boosted their price objective on Rubrik from $44.00 to $48.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Baird R W raised shares of Rubrik to a "strong-buy" rating in a report on Monday, July 15th. Truist Financial reiterated a "buy" rating and issued a $43.00 price target on shares of Rubrik in a research note on Tuesday, September 10th. Finally, Citigroup raised their price objective on shares of Rubrik from $47.00 to $48.00 and gave the company a "buy" rating in a report on Wednesday, September 11th. Sixteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $44.65.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Quent Capital LLC acquired a new stake in shares of Rubrik during the third quarter worth $192,000. Mount Yale Investment Advisors LLC purchased a new position in Rubrik during the 3rd quarter worth $208,000. Register Financial Advisors LLC acquired a new stake in shares of Rubrik in the 2nd quarter worth $227,000. Sei Investments Co. purchased a new stake in shares of Rubrik in the second quarter valued at about $235,000. Finally, PFG Investments LLC acquired a new position in shares of Rubrik during the second quarter worth about $242,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.