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 company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $69.70, for a total value of $125,460.00. Following the transaction, the chief financial officer now directly owns 342,160 shares in the company, valued at $23,848,552. The trade was a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 value of $1,973,400.00.
• On Wednesday, December 4th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $51.51, for a total value of $92,718.00.
• On Tuesday, November 26th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $50.38, for a total value 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 value of $503,100.00.
• 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 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 shares were 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 value 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 Trading Up 5.3 %

Shares of RBRK opened at $74.18 on Friday. The business’s 50-day moving average price is $45.77 and its 200-day moving average price is $37.20. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $74.99.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Monday, September 9th. The company reported ($0.97) earnings per share 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 analysts’ expectations of $195.58 million. As a group, equities research analysts forecast that Rubrik, Inc. will post -7.6 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RBRK. Citigroup boosted their price target on shares of Rubrik from $48.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. FBN Securities began coverage on shares of Rubrik in a report on Monday, September 30th. They issued an “outperform” rating and a $40.00 price target on the stock. CIBC boosted their price target on shares of Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a report on Tuesday, September 10th. KeyCorp boosted their price target on shares of Rubrik from $57.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Robert W. Baird boosted their price target on shares of Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $61.88.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. bought a new position in shares of Rubrik in the third quarter worth approximately $25,000. KBC Group NV bought a new position in shares of Rubrik in the third quarter worth approximately $72,000. Quent Capital LLC bought a new position in shares of Rubrik in the third quarter worth approximately $192,000. Mount Yale Investment Advisors LLC bought a new position in shares of Rubrik in the third quarter worth approximately $208,000. Finally, Whalen Wealth Management Inc. bought a new position in shares of Rubrik in the third quarter worth approximately $243,000. 49.54% of the stock is currently owned by institutional investors.

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.