Insider Selling: Rubrik, Inc. (NYSE:RBRK) CFO Sells $59,100.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $39.40, for a total value of $59,100.00. Following the transaction, the chief financial officer now owns 423,060 shares of the company’s stock, valued at approximately $16,668,564. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, October 25th, Kiran Kumar Choudary sold 14,000 shares of Rubrik stock. The stock was sold at an average price of $39.81, for a total transaction of $557,340.00.
• 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 stock was 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 shares were sold at an average price of $31.41, for a total transaction of $1,630,932.84.

Rubrik Stock Down 3.6 %

Shares of RBRK opened at $41.05 on Friday. The company has a fifty day simple moving average of $34.95. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $43.95.

Rubrik (NYSE:RBRK) last released its quarterly 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 company had revenue of $204.95 million during the quarter, compared to analyst estimates of $195.58 million. On average, equities research analysts forecast that Rubrik, Inc. will post -7.94 earnings per share for the current year.

Institutional Trading of Rubrik

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quent Capital LLC bought a new position in Rubrik in the 3rd quarter valued at $192,000. Mount Yale Investment Advisors LLC bought a new position in Rubrik in the third quarter valued at about $208,000. Register Financial Advisors LLC acquired a new stake in Rubrik in the second quarter worth about $227,000. Sei Investments Co. acquired a new stake in Rubrik in the second quarter worth about $235,000. Finally, PFG Investments LLC bought a new stake in Rubrik during the 2nd quarter worth about $242,000.

Analysts Set New Price Targets

Several research firms have commented on RBRK. FBN Securities initiated coverage on Rubrik in a report on Monday, September 30th. They issued an “outperform” rating and a $40.00 price target for the company. Robert W. Baird upped their target price on Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday. CIBC lifted their price target on shares of Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research note on Tuesday, September 10th. Wells Fargo & Company dropped their price objective on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. Finally, BMO Capital Markets reduced 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. Sixteen research 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 an average rating of “Buy” and an average target price of $45.00.

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.