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 firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $39.81, for a total value of $557,340.00. Following the sale, the chief financial officer now directly owns 424,560 shares in the company, valued at approximately $16,901,733.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 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 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 value of $1,630,932.84.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $41.05 on Friday. The stock’s 50 day moving average price is $34.95. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $43.95.

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

Analysts Set New Price Targets

RBRK has been the subject of a number of research analyst reports. Truist Financial reiterated a “buy” rating and issued a $43.00 price target on shares of Rubrik in a research note on Tuesday, September 10th. FBN Securities started coverage on shares of Rubrik in a research report on Monday, September 30th. They issued an “outperform” rating and a $40.00 price objective for the company. CIBC boosted their target price on shares of Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research report on Tuesday, September 10th. Citigroup lifted their price objective on shares of Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Finally, Robert W. Baird upped their target price on Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday. Sixteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $45.00.

Hedge Funds Weigh In On Rubrik

Several institutional investors and hedge funds have recently modified their holdings of RBRK. Dragoneer Investment Group LLC purchased a new position in Rubrik during the second quarter worth approximately $47,523,000. Clearbridge Investments LLC purchased a new position in Rubrik in the 2nd quarter valued at about $32,888,000. EPIQ Capital Group LLC acquired a new stake in Rubrik in the 2nd quarter worth about $15,111,000. ARK Investment Management LLC increased its position in shares of Rubrik by 113.6% during the third quarter. ARK Investment Management LLC now owns 420,932 shares of the company’s stock worth $13,533,000 after purchasing an additional 223,850 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Rubrik during the third quarter worth $10,200,000.

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.