Kiran Kumar Choudary Sells 2,670 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 2,670 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $45.07, for a total value of $120,336.90. Following the sale, the chief financial officer now owns 396,160 shares of the company’s stock, valued at approximately $17,854,931.20. This represents a 0.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 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 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.
• 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 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.
• 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 value 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 value of $1,630,932.84.

Rubrik Trading Down 0.2 %

Shares of NYSE RBRK opened at $44.50 on Friday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $45.90. The firm’s fifty day moving average is $36.93 and its two-hundred day moving average is $34.41.

Rubrik (NYSE:RBRK) last posted its earnings results on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The company had revenue of $204.95 million for the quarter, compared to analysts’ expectations of $195.58 million. On average, research analysts forecast that Rubrik, Inc. will post -7.94 earnings per share for the current year.

Institutional Investors Weigh In On Rubrik

Several institutional investors have recently made changes to their positions in the company. PDT Partners LLC purchased a new stake in shares of Rubrik during the third quarter valued at $1,640,000. Summit Partners Public Asset Management LLC purchased a new position in Rubrik during the 3rd quarter worth $33,148,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Rubrik by 24.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock valued at $7,998,000 after purchasing an additional 49,372 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Rubrik in the 3rd quarter worth $323,000. Finally, BNP Paribas Financial Markets bought a new position in Rubrik in the third quarter worth approximately $336,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Rubrik from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. CIBC upped 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. FBN Securities started coverage on Rubrik in a research report on Monday, September 30th. They issued an “outperform” rating and a $40.00 price objective on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $50.00 target price on shares of Rubrik in a report on Tuesday, September 10th. Finally, Truist Financial reissued a “buy” rating and set a $43.00 price objective on shares of Rubrik in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $45.00.

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.