Kiran Kumar Choudary Sells 14,000 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

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

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 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 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 stock was sold at an average price of $31.41, for a total transaction of $1,630,932.84.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $41.05 on Friday. Rubrik, Inc. has a one year low of $28.34 and a one year high of $43.95. The company has a 50-day simple moving average of $34.95.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The business had revenue of $204.95 million during the quarter, compared to analysts’ expectations of $195.58 million. As a group, sell-side analysts predict that Rubrik, Inc. will post -7.94 EPS for the current year.

Institutional Investors Weigh In On Rubrik

Several hedge funds have recently modified their holdings of the stock. Quent Capital LLC acquired a new position in Rubrik in the 3rd quarter valued at $192,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Rubrik in the third quarter valued at about $208,000. Register Financial Advisors LLC acquired a new position in shares of Rubrik during the second quarter worth about $227,000. Sei Investments Co. purchased a new position in Rubrik during the second quarter worth about $235,000. Finally, PFG Investments LLC acquired a new stake in Rubrik in the second quarter valued at about $242,000.

Wall Street Analysts Forecast Growth

RBRK has been the topic of a number of research reports. Truist Financial restated a “buy” rating and set a $43.00 price target on shares of Rubrik in a research note on Tuesday, September 10th. Piper Sandler started coverage on Rubrik in a research report on Monday, August 19th. They set an “overweight” rating and a $42.00 price objective for the company. Citigroup increased their target price on Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Robert W. Baird raised their price target on Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, FBN Securities started coverage on Rubrik in a report on Monday, September 30th. They issued an “outperform” rating and a $40.00 price objective on the stock. Sixteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $45.00.

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.