Kiran Kumar Choudary Sells 14,000 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 14,000 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $39.81, for a total transaction of $557,340.00. Following the sale, the chief financial officer now owns 424,560 shares of the company's stock, valued at $16,901,733.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• 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.
• 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 value 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 transaction of $1,630,932.84.

Rubrik Stock Down 0.0 %

NYSE RBRK traded down $0.01 on Wednesday, reaching $42.59. 1,223,971 shares of the stock traded hands, compared to its average volume of 1,524,274. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $43.95. The stock's fifty day simple moving average is $34.95.

Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing analysts' consensus estimates of ($0.96) by ($0.01). The business had revenue of $204.95 million during the quarter, compared to the consensus estimate of $195.58 million. On average, research analysts expect that Rubrik, Inc. will post -7.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

RBRK has been the subject of several analyst reports. FBN Securities started coverage on shares of Rubrik in a report on Monday, September 30th. They issued an "outperform" rating and a $40.00 price target for the company. BMO Capital Markets lowered their price objective on shares of Rubrik from $40.00 to $38.00 and set an "outperform" rating for the company in a report on Tuesday, September 10th. CIBC lifted their price objective on Rubrik from $50.00 to $52.00 and gave the stock an "outperformer" rating in a report on Tuesday, September 10th. Truist Financial restated a "buy" rating and set a $43.00 price target on shares of Rubrik in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company lowered their price objective on Rubrik from $42.00 to $40.00 and set an "overweight" rating for the company in a research report on Tuesday, September 10th. Sixteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Rubrik currently has a consensus rating of "Buy" and an average price target of $44.65.

Institutional Trading of Rubrik

Large investors have recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC boosted its stake in shares of Rubrik by 3.5% in the third quarter. Stephens Investment Management Group LLC now owns 264,345 shares of the company's stock worth $8,499,000 after buying an additional 8,903 shares during the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of Rubrik during the 3rd quarter valued at about $1,808,000. Mount Yale Investment Advisors LLC purchased a new position in shares of Rubrik in the 3rd quarter valued at about $208,000. Legacy Capital Group California Inc. acquired a new position in Rubrik in the 3rd quarter worth about $2,419,000. Finally, Renaissance Capital LLC raised its holdings in Rubrik by 190.1% in the 3rd quarter. Renaissance Capital LLC now owns 60,061 shares of the company's stock worth $1,931,000 after purchasing an additional 39,354 shares during the period.

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.