Insider Selling: Rubrik, Inc. (NYSE:RBRK) CFO Sells 1,800 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of Rubrik stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $43.15, for a total transaction of $77,670.00. Following the sale, the chief financial officer now owns 406,160 shares of the company’s stock, valued at approximately $17,525,804. The trade was 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 through the SEC website.

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

• On Tuesday, October 22nd, Kiran Kumar Choudary sold 11,800 shares of Rubrik stock. The shares were 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 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 shares were sold at an average price of $39.40, for a total value of $59,100.00.
• On Thursday, October 17th, Kiran Kumar Choudary sold 7,583 shares of Rubrik stock. The stock was 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 value 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 Trading Up 0.7 %

NYSE:RBRK traded up $0.29 during midday trading on Friday, reaching $44.76. The company had a trading volume of 1,467,853 shares, compared to its average volume of 1,501,506. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $45.09. The business’s fifty day simple moving average is $35.82.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The firm had revenue of $204.95 million during the quarter, compared to analyst estimates of $195.58 million. Equities analysts forecast that Rubrik, Inc. will post -7.94 EPS for the current year.

Institutional Investors Weigh In On Rubrik

A number of large investors have recently modified their holdings of the company. Diversified Trust Co purchased a new position in shares of Rubrik in the 3rd quarter valued at $432,000. Davidson Kempner Capital Management LP purchased a new stake in Rubrik in the second quarter valued at approximately $2,606,000. Bank of Montreal Can acquired a new stake in shares of Rubrik during the second quarter worth about $427,000. ARK Investment Management LLC acquired a new position in Rubrik in the 2nd quarter valued at about $6,043,000. Finally, EPIQ Capital Group LLC purchased a new stake in Rubrik during the 2nd quarter valued at approximately $15,111,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Citigroup upped their price objective on Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Robert W. Baird increased their target price on shares of Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Wedbush upped their price target on shares of Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. 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, FBN Securities began coverage on Rubrik in a report on Monday, September 30th. They issued an “outperform” rating and a $40.00 price target on the stock. Sixteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, 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.