Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 87,971 Shares

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 87,971 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $70.04, for a total value of $6,161,488.84. Following the completion of the transaction, the chief financial officer now directly owns 413,458 shares in the company, valued at approximately $28,958,598.32. The trade was a 17.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, January 15th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $66.52, for a total transaction of $119,736.00.
• On Wednesday, January 8th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $62.60, for a total transaction of $112,680.00.
• On Thursday, January 2nd, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $65.72, for a total value of $118,296.00.
• On Friday, December 27th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $68.03, for a total value of $122,454.00.

Rubrik Trading Down 3.6 %

NYSE:RBRK traded down $2.35 during midday trading on Friday, hitting $63.65. 3,232,248 shares of the stock were exchanged, compared to its average volume of 1,996,434. The business has a 50-day moving average price of $69.09 and a two-hundred day moving average price of $56.03. The company has a market capitalization of $11.79 billion and a price-to-earnings ratio of -4.62. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00.

Remove Ads

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The firm had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. During the same period last year, the business posted ($1.59) EPS. The firm's revenue for the quarter was up 47.5% on a year-over-year basis. Sell-side analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Robert W. Baird reduced their price objective on Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 12th. Guggenheim lifted their price target on shares of Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Wedbush raised their target price on shares of Rubrik from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Friday, March 14th. Citigroup upped their target price on Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a report on Friday, January 17th. Finally, KeyCorp cut their price target on Rubrik from $87.00 to $82.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Rubrik has a consensus rating of "Buy" and an average price target of $70.00.

Hedge Funds Weigh In On Rubrik

Several large investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Rubrik during the fourth quarter valued at approximately $277,395,000. Vanguard Group Inc. increased its holdings in shares of Rubrik by 114.1% in the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company's stock valued at $413,610,000 after buying an additional 3,372,323 shares in the last quarter. FMR LLC lifted its position in shares of Rubrik by 172.6% during the 4th quarter. FMR LLC now owns 3,261,925 shares of the company's stock valued at $213,199,000 after acquiring an additional 2,065,444 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Rubrik during the 3rd quarter worth $42,247,000. Finally, Voloridge Investment Management LLC bought a new stake in shares of Rubrik during the 4th quarter worth $85,331,000. Institutional investors own 49.54% of the company's stock.

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.