Kiran Kumar Choudary Sells 10,000 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $50.31, for a total transaction of $503,100.00. Following the sale, the chief financial officer now owns 374,560 shares of the company’s stock, valued at $18,844,113.60. This trade represents a 2.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, November 20th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $45.00, for a total transaction 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 transaction of $120,336.90.
• On Friday, November 8th, Kiran Kumar Choudary sold 7,330 shares of Rubrik stock. The stock was 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 value of $77,670.00.
• 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 value of $454,182.00.
• On Thursday, October 31st, Kiran Kumar Choudary sold 4,500 shares of Rubrik stock. The shares were sold at an average price of $41.99, for a total transaction of $188,955.00.
• 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 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 value 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.

Rubrik Trading Up 3.9 %

RBRK opened at $51.05 on Friday. The stock has a fifty day simple moving average of $38.68 and a two-hundred day simple moving average of $34.94. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $51.58.

Rubrik (NYSE:RBRK) last issued 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 company had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. Research analysts forecast that Rubrik, Inc. will post -8.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on RBRK shares. Wells Fargo & Company lowered their price objective on Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, September 10th. Citigroup upped their price target on shares of Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Piper Sandler started coverage on shares of Rubrik in a research report on Monday, August 19th. They set an “overweight” rating and a $42.00 price target for the company. Cantor Fitzgerald upgraded shares of Rubrik to a “strong-buy” rating in a research report on Wednesday. Finally, FBN Securities initiated coverage on shares of Rubrik in a report on Monday, September 30th. They set an “outperform” rating and a $40.00 target price for the company. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $46.71.

Hedge Funds Weigh In On Rubrik

Several large investors have recently made changes to their positions in RBRK. Dragoneer Investment Group LLC purchased a new stake in shares of Rubrik in the 2nd quarter worth approximately $47,523,000. Champlain Investment Partners LLC bought a new stake in Rubrik in the third quarter worth $44,418,000. Point72 Asset Management L.P. purchased a new stake in shares of Rubrik in the third quarter worth $42,247,000. PointState Capital LP bought a new position in shares of Rubrik during the third quarter valued at $40,466,000. Finally, Institutional Venture Management XV LLC raised its position in shares of Rubrik by 3,620.4% in the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after purchasing an additional 1,131,360 shares during the last quarter.

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.