Rubrik, Inc. (NYSE:RBRK) CFO Sells $124,060.00 in Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 2,000 shares of the firm's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $62.03, for a total value of $124,060.00. Following the completion of the sale, the chief financial officer now directly owns 614,798 shares in the company, valued at approximately $38,135,919.94. The trade was a 0.32 % decrease in their ownership of the stock. The sale 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 Friday, March 21st, Kiran Kumar Choudary sold 87,971 shares of Rubrik stock. The shares were sold at an average price of $70.04, for a total value of $6,161,488.84.

Rubrik Price Performance

NYSE RBRK traded down $0.84 during trading hours on Friday, hitting $61.48. The company's stock had a trading volume of 2,247,435 shares, compared to its average volume of 2,052,199. The company has a market cap of $11.67 billion and a P/E ratio of -4.46. The company's 50 day simple moving average is $64.37 and its two-hundred day simple moving average is $59.38. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00.

Rubrik (NYSE:RBRK - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The firm had revenue of $258.10 million for the quarter, compared to analysts' expectations of $233.13 million. During the same quarter in the previous year, the business earned ($1.59) earnings per share. The business's quarterly revenue was up 47.5% on a year-over-year basis. As a group, research analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on RBRK. KeyCorp reduced their target price on shares of Rubrik from $82.00 to $76.00 and set an "overweight" rating for the company in a research note on Thursday. William Blair initiated coverage on Rubrik in a research report on Friday, February 7th. They set a "market perform" rating on the stock. Rosenblatt Securities raised Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price target for the company in a research note on Wednesday, March 12th. Cantor Fitzgerald reissued an "overweight" rating and issued a $85.00 price target on shares of Rubrik in a research report on Friday, March 14th. Finally, Citigroup increased their target price on shares of Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Two research 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 MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $68.83.

Institutional Investors Weigh In On Rubrik

Several hedge funds have recently modified their holdings of RBRK. Wealthcare Advisory Partners LLC increased its holdings in shares of Rubrik by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock valued at $683,000 after acquiring an additional 300 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Rubrik during the fourth quarter valued at $28,000. KBC Group NV grew its holdings in shares of Rubrik by 19.1% during the fourth quarter. KBC Group NV now owns 2,679 shares of the company's stock worth $175,000 after buying an additional 430 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after acquiring an additional 500 shares during the last quarter. Finally, Nemes Rush Group LLC purchased a new stake in Rubrik in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

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.