Kiran Kumar Choudary Sells 7,583 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 7,583 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $40.14, for a total value of $304,381.62. Following the transaction, the chief financial officer now directly owns 438,560 shares of the company’s stock, valued at $17,603,798.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 shares were sold at an average price of $31.41, for a total value of $1,630,932.84.

Rubrik Stock Up 0.2 %

Shares of Rubrik stock opened at $38.61 on Wednesday. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $41.33. The stock has a 50 day simple moving average of $34.25.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data 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 company had revenue of $204.95 million during the quarter, compared to the consensus estimate of $195.58 million. Equities research analysts predict that Rubrik, Inc. will post -7.94 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of RBRK. Register Financial Advisors LLC purchased a new position in shares of Rubrik during the second quarter worth $227,000. Zweig DiMenna Associates LLC purchased a new position in shares of Rubrik during the second quarter worth $6,730,000. EFG Asset Management North America Corp. purchased a new position in shares of Rubrik during the second quarter worth $925,000. ARK Investment Management LLC purchased a new position in shares of Rubrik during the second quarter worth $6,043,000. Finally, Cisco Systems Inc. purchased a new position in shares of Rubrik during the second quarter worth $5,613,000.

Analyst Ratings Changes

RBRK has been the subject of a number of research analyst reports. Baird R W raised Rubrik to a “strong-buy” rating in a report on Monday, July 15th. BMO Capital Markets reduced their target price on Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $50.00 price target on shares of Rubrik in a report on Tuesday, September 10th. Citigroup increased their price target on Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $48.00 price target on shares of Rubrik in a report on Tuesday, June 25th. Sixteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $44.65.

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.