Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 1,800 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $69.70, for a total value of $125,460.00. Following the sale, the chief financial officer now directly owns 342,160 shares in the company, valued at $23,848,552. This trade represents a 0.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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 Wednesday, December 4th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $51.51, for a total transaction of $92,718.00.
• 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 shares were 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 stock was sold at an average price of $45.00, for a total value 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 value of $444,800.00.
• On Monday, November 11th, Kiran Kumar Choudary sold 2,670 shares of Rubrik stock. The stock was sold at an average price of $45.07, for a total value 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 value 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 value of $454,182.00.

Rubrik Stock Up 5.3 %

Shares of NYSE:RBRK traded up $3.76 on Thursday, hitting $74.18. The company had a trading volume of 2,699,920 shares, compared to its average volume of 1,641,714. The business has a 50 day moving average of $44.94 and a 200 day moving average of $36.94. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $74.99.

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 the consensus estimate of ($0.96) by ($0.01). The business had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. As a group, equities research analysts forecast that Rubrik, Inc. will post -8.04 earnings per share for the current fiscal year.

Institutional Trading of Rubrik

A number of hedge funds have recently bought and sold shares of the company. Dragoneer Investment Group LLC purchased a new position in shares of Rubrik during the 2nd quarter worth $47,523,000. Champlain Investment Partners LLC acquired a new stake in Rubrik in the 3rd quarter worth about $44,418,000. Point72 Asset Management L.P. acquired a new position in shares of Rubrik during the 3rd quarter valued at about $42,247,000. PointState Capital LP purchased a new position in shares of Rubrik during the 3rd quarter worth about $40,466,000. Finally, Institutional Venture Management XV LLC boosted its position in shares of Rubrik by 3,620.4% in the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after acquiring an additional 1,131,360 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RBRK. Robert W. Baird increased their price target on Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Guggenheim raised their target price on shares of Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Barclays boosted their price target on shares of Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. CIBC raised their price objective on shares of Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a research report on Tuesday, September 10th. Finally, Piper Sandler reissued an “overweight” rating and issued a $72.00 price target (up from $42.00) on shares of Rubrik in a report on Friday, December 6th. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $61.88.

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.