Rubrik, Inc. (NYSE:RBRK) CFO Sells $900,700.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 10,000 shares of Rubrik stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $90.07, for a total transaction of $900,700.00. Following the sale, the chief financial officer now owns 555,165 shares in the company, valued at $50,003,711.55. This represents a 1.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, May 14th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $83.81, for a total transaction of $293,335.00.
• On Tuesday, May 13th, Kiran Kumar Choudary sold 20,000 shares of Rubrik stock. The shares were sold at an average price of $80.04, for a total transaction of $1,600,800.00.
• On Monday, May 5th, Kiran Kumar Choudary sold 5,000 shares of Rubrik stock. The shares were sold at an average price of $75.00, for a total transaction of $375,000.00.
• On Wednesday, April 30th, Kiran Kumar Choudary sold 23,500 shares of Rubrik stock. The stock was sold at an average price of $69.82, for a total transaction of $1,640,770.00.
• On Wednesday, April 16th, Kiran Kumar Choudary sold 2,000 shares of Rubrik stock. The stock was sold at an average price of $62.03, for a total transaction of $124,060.00.
• On Friday, March 21st, Kiran Kumar Choudary sold 87,971 shares of Rubrik stock. The stock was sold at an average price of $70.04, for a total transaction of $6,161,488.84.

Rubrik Price Performance

Rubrik stock opened at $95.56 on Friday. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $97.76. The company has a market cap of $18.13 billion and a PE ratio of -6.93. The company has a fifty day moving average price of $71.42 and a two-hundred day moving average price of $67.02.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The firm had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. During the same period last year, the business posted ($1.59) earnings per share. The business’s revenue for the quarter was up 47.5% on a year-over-year basis. Equities research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Hedge Funds Weigh In On Rubrik

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Rubrik during the fourth quarter valued at $28,000. PNC Financial Services Group Inc. acquired a new position in shares of Rubrik during the first quarter valued at $30,000. Summit Securities Group LLC acquired a new position in shares of Rubrik during the first quarter valued at $31,000. Global Retirement Partners LLC boosted its holdings in shares of Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after acquiring an additional 500 shares during the period. Finally, Comerica Bank boosted its holdings in shares of Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after acquiring an additional 395 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group reissued a “buy” rating on shares of Rubrik in a research report on Tuesday, April 29th. Mizuho downgraded shares of Rubrik from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $75.00 to $86.00 in a research report on Thursday, May 15th. BMO Capital Markets raised their price target on shares of Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Wedbush raised their price target on shares of Rubrik from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Finally, Roth Capital assumed coverage on shares of Rubrik in a research report on Thursday, May 15th. They set a “buy” rating and a $97.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.69.

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.