Rubrik, Inc. (NYSE:RBRK) CFO Sells $454,182.00 in Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 11,800 shares of Rubrik stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $38.49, for a total transaction of $454,182.00. Following the transaction, the chief financial officer now owns 406,960 shares in the company, valued at approximately $15,663,890.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, November 6th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $43.15, for a total value of $77,670.00.
• On Thursday, October 31st, Kiran Kumar Choudary sold 4,500 shares of Rubrik stock. The stock was sold at an average price of $41.99, for a total value of $188,955.00.
• On Friday, October 25th, Kiran Kumar Choudary sold 14,000 shares of Rubrik stock. The shares were sold at an average price of $39.81, for a total transaction of $557,340.00.
• On Monday, October 28th, Kiran Kumar Choudary sold 1,500 shares of Rubrik stock. The stock was sold at an average price of $39.40, for a total transaction of $59,100.00.
• On Thursday, October 17th, Kiran Kumar Choudary sold 7,583 shares of Rubrik stock. The shares were 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 0.7 %

Rubrik stock traded up $0.29 during mid-day trading on Friday, hitting $44.76. The company's stock had a trading volume of 1,492,269 shares, compared to its average volume of 1,501,681. The company has a 50 day simple moving average of $36.01. Rubrik, Inc. has a one year low of $28.34 and a one year high of $45.09.

Rubrik (NYSE:RBRK - Get Free Report) last issued 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 analysts' expectations of $195.58 million. As a group, research analysts anticipate that Rubrik, Inc. will post -7.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RBRK. BMO Capital Markets cut their price target on Rubrik from $40.00 to $38.00 and set an "outperform" rating for the company in a report on Tuesday, September 10th. Cantor Fitzgerald restated an "overweight" rating and issued a $50.00 price target on shares of Rubrik in a research report on Tuesday, September 10th. Wells Fargo & Company decreased their price target on shares of Rubrik from $42.00 to $40.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 10th. Truist Financial reissued a "buy" rating and issued a $43.00 price objective on shares of Rubrik in a research note on Tuesday, September 10th. Finally, Piper Sandler began coverage on shares of Rubrik in a research report on Monday, August 19th. They set an "overweight" rating and a $42.00 target price on the stock. Sixteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $45.00.

Hedge Funds Weigh In On Rubrik

Institutional investors have recently modified their holdings of the stock. Dragoneer Investment Group LLC purchased a new stake in shares of Rubrik in the second quarter valued at approximately $47,523,000. Clearbridge Investments LLC purchased a new stake in shares of Rubrik in the 2nd quarter worth $32,888,000. Pathway Capital Management LP purchased a new stake in shares of Rubrik in the 3rd quarter worth $23,527,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Rubrik during the 3rd quarter worth $20,774,000. Finally, EPIQ Capital Group LLC purchased a new position in shares of Rubrik during the second quarter valued at $15,111,000.

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.