Rubrik, Inc. (NYSE:RBRK) CFO Sells $92,718.00 in Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 1,800 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $51.51, for a total transaction of $92,718.00. Following the transaction, the chief financial officer now owns 372,960 shares in the company, valued at $19,211,169.60. The trade was a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, December 6th, Kiran Kumar Choudary sold 30,000 shares of Rubrik stock. The stock was sold at an average price of $65.78, for a total transaction of $1,973,400.00.
• On Tuesday, November 26th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $50.38, for a total transaction of $90,684.00.
• On Friday, November 22nd, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The stock was sold at an average price of $50.31, for a total transaction of $503,100.00.
• On Wednesday, November 20th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $45.00, for a total transaction of $81,000.00.
• On Thursday, November 14th, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The shares were sold at an average price of $44.48, for a total transaction of $444,800.00.
• On Monday, November 11th, Kiran Kumar Choudary sold 2,670 shares of Rubrik stock. The shares were sold at an average price of $45.07, for a total transaction of $120,336.90.
• On Friday, November 8th, Kiran Kumar Choudary sold 7,330 shares of Rubrik stock. The shares were sold at an average price of $45.04, for a total transaction of $330,143.20.
• On Wednesday, November 6th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $43.15, for a total transaction of $77,670.00.
• On Tuesday, October 22nd, Kiran Kumar Choudary sold 11,800 shares of Rubrik stock. The stock was sold at an average price of $38.49, for a total transaction of $454,182.00.
• 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 transaction of $188,955.00.

Rubrik Price Performance

RBRK traded up $10.88 during trading hours on Friday, reaching $64.54. 17,244,195 shares of the stock traded hands, compared to its average volume of 1,587,887. The firm's fifty day simple moving average is $42.00 and its two-hundred day simple moving average is $35.98. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $72.66.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly 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 company had revenue of $204.95 million for the quarter, compared to analyst estimates of $195.58 million. Equities research analysts expect that Rubrik, Inc. will post -8.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RBRK shares. Wedbush raised their target price on shares of Rubrik from $44.00 to $48.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Guggenheim increased their price target on shares of Rubrik from $52.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday. FBN Securities started coverage on shares of Rubrik in a research note on Monday, September 30th. They set an "outperform" rating and a $40.00 price target on the stock. Truist Financial increased their price target on shares of Rubrik from $50.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $72.00 price target (up previously from $42.00) on shares of Rubrik in a research note on Friday. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Rubrik presently has a consensus rating of "Buy" and an average price target of $60.59.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. acquired a new position in Rubrik during the 3rd quarter worth $25,000. KBC Group NV acquired a new position in Rubrik during the 3rd quarter worth $72,000. Quent Capital LLC acquired a new position in Rubrik during the 3rd quarter worth $192,000. Mount Yale Investment Advisors LLC acquired a new position in Rubrik during the 3rd quarter worth $208,000. Finally, Sei Investments Co. acquired a new position in Rubrik during the 2nd quarter worth $235,000.

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.

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