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

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $45.00, for a total value of $81,000.00. Following the transaction, the chief financial officer now directly owns 384,560 shares of the company’s stock, valued at $17,305,200. The trade was a 0.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 Thursday, November 14th, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The stock was sold at an average price of $44.48, for a total transaction 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 shares were sold at an average price of $45.04, for a total transaction of $330,143.20.
• On Wednesday, November 6th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The stock was 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.
• On Thursday, October 31st, Kiran Kumar Choudary sold 4,500 shares of Rubrik stock. The stock was 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 value of $557,340.00.
• On Monday, October 28th, Kiran Kumar Choudary sold 1,500 shares of Rubrik stock. The shares were sold at an average price of $39.40, for a total transaction of $59,100.00.
• On Thursday, October 17th, Kiran Kumar Choudary sold 7,583 shares of Rubrik stock. The stock was sold at an average price of $40.14, for a total transaction of $304,381.62.

Rubrik Price Performance

NYSE:RBRK opened at $51.05 on Friday. The firm has a 50 day simple moving average of $38.68 and a 200-day simple moving average of $34.94. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year 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 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 the consensus estimate of $195.58 million. As a group, research analysts expect that Rubrik, Inc. will post -8.04 EPS for the current year.

Hedge Funds Weigh In On Rubrik

Several large investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. purchased a new stake in Rubrik in the 3rd quarter valued at about $25,000. KBC Group NV purchased a new stake in Rubrik in the third quarter valued at approximately $72,000. Quent Capital LLC acquired a new position in Rubrik during the third quarter worth approximately $192,000. Mount Yale Investment Advisors LLC purchased a new position in Rubrik during the third quarter worth approximately $208,000. Finally, Register Financial Advisors LLC acquired a new position in shares of Rubrik in the 2nd quarter valued at $227,000.

Analyst Ratings Changes

RBRK has been the topic of several research analyst reports. Piper Sandler assumed coverage on Rubrik in a research note on Monday, August 19th. They set an “overweight” rating and a $42.00 price target on the stock. BMO Capital Markets decreased their target price on Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. CIBC raised their price target on Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a research report on Tuesday, September 10th. Robert W. Baird lifted their price target on Rubrik from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, FBN Securities began coverage on shares of Rubrik in a research note on Monday, September 30th. They issued an “outperform” rating and a $40.00 price objective on the stock. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Rubrik presently has a consensus rating of “Buy” and an average price target of $46.71.

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.