Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 87,971 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 87,971 shares of Rubrik stock in a transaction on Friday, March 21st. The shares were sold at an average price of $70.04, for a total transaction of $6,161,488.84. Following the transaction, the chief financial officer now owns 413,458 shares in the company, valued at approximately $28,958,598.32. This trade represents a 17.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, January 15th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $66.52, for a total value of $119,736.00.
• On Wednesday, January 8th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $62.60, for a total value of $112,680.00.
• On Thursday, January 2nd, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was sold at an average price of $65.72, for a total value of $118,296.00.
• On Friday, December 27th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $68.03, for a total transaction of $122,454.00.

Rubrik Stock Performance

NYSE:RBRK opened at $74.15 on Wednesday. The firm has a 50-day simple moving average of $69.18 and a 200-day simple moving average of $55.65. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00. The firm has a market cap of $13.74 billion and a P/E ratio of -5.38.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The business had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. During the same period in the prior year, the company posted ($1.59) EPS. The firm’s revenue for the quarter was up 47.5% compared to the same quarter last year. On average, research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Rubrik

Several institutional investors have recently added to or reduced their stakes in RBRK. Wealthcare Advisory Partners LLC lifted its position in Rubrik by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after acquiring an additional 300 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Rubrik in the fourth quarter worth about $28,000. KBC Group NV lifted its holdings in shares of Rubrik by 19.1% during the fourth quarter. KBC Group NV now owns 2,679 shares of the company’s stock worth $175,000 after purchasing an additional 430 shares during the period. Global Retirement Partners LLC boosted its position in Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after buying an additional 500 shares during the last quarter. Finally, Nemes Rush Group LLC purchased a new stake in Rubrik in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Rosenblatt Securities raised shares of Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Wednesday, March 12th. Wedbush lifted their target price on Rubrik from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. Mizuho boosted their target price on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. William Blair started coverage on Rubrik in a report on Friday, February 7th. They set a “market perform” rating for the company. Finally, Piper Sandler upped their price objective on Rubrik from $83.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, March 14th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $70.00.

About Rubrik

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.