Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 6,757 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 6,757 shares of the business’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $88.56, for a total transaction of $598,399.92. Following the completion of the sale, the chief financial officer now directly owns 524,595 shares of the company’s stock, valued at $46,458,133.20. The trade was a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, June 11th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $88.25, for a total transaction of $308,875.00.
• On Thursday, June 5th, Kiran Kumar Choudary sold 30,000 shares of Rubrik stock. The stock was sold at an average price of $100.24, for a total transaction of $3,007,200.00.
• On Wednesday, May 28th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $94.86, for a total transaction of $332,010.00.
• On Thursday, May 22nd, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The stock was sold at an average price of $90.07, for a total transaction of $900,700.00.
• On Wednesday, May 14th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was 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 shares were 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 shares were sold at an average price of $62.03, for a total transaction of $124,060.00.

Rubrik Trading Down 1.6%

NYSE RBRK opened at $85.76 on Friday. The company has a 50-day moving average price of $81.71 and a two-hundred day moving average price of $71.96. The stock has a market cap of $16.59 billion, a price-to-earnings ratio of -30.30 and a beta of 0.87. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $103.00.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.17. The company had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. The company’s revenue was up 48.7% on a year-over-year basis. During the same period in the prior year, the company posted ($1.58) earnings per share. As a group, equities research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RBRK shares. Guggenheim boosted their price objective on shares of Rubrik from $105.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, June 6th. Truist Financial boosted their price objective on shares of Rubrik from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, June 6th. Wedbush boosted their price objective on shares of Rubrik from $80.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, June 12th. Robert W. Baird boosted their price objective on shares of Rubrik from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, June 6th. Finally, Roth Capital boosted their price objective on shares of Rubrik from $97.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, June 6th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.38.

Institutional Trading of Rubrik

A number of institutional investors have recently made changes to their positions in the stock. Amundi lifted its stake in shares of Rubrik by 0.7% in the 1st quarter. Amundi now owns 37,116 shares of the company’s stock worth $2,132,000 after acquiring an additional 262 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Rubrik by 31.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after acquiring an additional 300 shares during the period. Comerica Bank lifted its stake in shares of Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after acquiring an additional 395 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Rubrik in the 4th quarter worth approximately $28,000. Finally, Global Retirement Partners LLC lifted its stake in shares of Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after acquiring an additional 500 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

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.