Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 4,500 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 4,500 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $41.99, for a total transaction of $188,955.00. Following the completion of the sale, the chief financial officer now owns 417,760 shares in the company, valued at approximately $17,541,742.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 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 value 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 stock was sold at an average price of $31.41, for a total value of $1,630,932.84.

Rubrik Stock Performance

RBRK traded up $0.03 during trading on Tuesday, hitting $41.55. The company’s stock had a trading volume of 665,857 shares, compared to its average volume of 1,504,997. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $43.95. The company’s 50 day moving average price is $35.30.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $195.58 million. As a group, research analysts predict that Rubrik, Inc. will post -7.94 EPS for the current fiscal year.

Institutional Trading of Rubrik

A number of large investors have recently added to or reduced their stakes in RBRK. Diversified Trust Co acquired a new position in Rubrik in the third quarter valued at about $432,000. Davidson Kempner Capital Management LP acquired a new position in Rubrik in the 2nd quarter valued at approximately $2,606,000. Bank of Montreal Can acquired a new position in Rubrik during the 2nd quarter worth about $427,000. ARK Investment Management LLC bought a new position in Rubrik during the 2nd quarter worth approximately $6,043,000. Finally, EPIQ Capital Group LLC acquired a new position in shares of Rubrik in the 2nd quarter valued at about $15,111,000.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RBRK. Baird R W raised shares of Rubrik to a “strong-buy” rating in a research report on Monday, July 15th. Wells Fargo & Company lowered their price objective on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, September 10th. BMO Capital Markets decreased their price objective on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Citigroup boosted their price target on Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $50.00 price objective on shares of Rubrik in a report on Tuesday, September 10th. Sixteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rubrik 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.