Rubrik, Inc. (NYSE:RBRK) CFO Sells $557,340.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 14,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $39.81, for a total transaction of $557,340.00. Following the completion of the sale, the chief financial officer now owns 424,560 shares in the company, valued at approximately $16,901,733.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 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 shares were sold at an average price of $31.41, for a total transaction of $1,630,932.84.

Rubrik Stock Up 0.3 %

NYSE:RBRK opened at $41.37 on Friday. The company’s 50 day moving average is $35.18. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $43.95.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data 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 business had revenue of $204.95 million during the quarter, compared to analyst estimates of $195.58 million. Sell-side analysts anticipate that Rubrik, Inc. will post -7.94 earnings per share for the current year.

Analysts Set New Price Targets

RBRK has been the subject of a number of research reports. Robert W. Baird raised their price objective on shares of Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday. FBN Securities started coverage on shares of Rubrik in a report on Monday, September 30th. They set an “outperform” rating and a $40.00 price objective on the stock. Wedbush boosted their price objective on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Wells Fargo & Company lowered their price objective on Rubrik from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. Finally, Piper Sandler assumed coverage on Rubrik in a research report on Monday, August 19th. They set an “overweight” rating and a $42.00 price target on the stock. Sixteen 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, Rubrik presently has a consensus rating of “Buy” and a consensus target price of $45.00.

Institutional Investors Weigh In On Rubrik

Large investors have recently bought and sold shares of the business. Quent Capital LLC bought a new stake in Rubrik in the 3rd quarter worth about $192,000. Mount Yale Investment Advisors LLC bought a new stake in Rubrik in the 3rd quarter worth about $208,000. Register Financial Advisors LLC bought a new stake in Rubrik in the 2nd quarter worth about $227,000. Sei Investments Co. bought a new stake in Rubrik in the 2nd quarter worth about $235,000. Finally, PFG Investments LLC bought a new stake in shares of Rubrik during the 2nd quarter valued at about $242,000.

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.