Insider Selling: Rubrik, Inc. (NYSE:RBRK) CFO Sells 3,500 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 3,500 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $83.90, for a total value of $293,650.00. Following the sale, the chief financial officer owned 520,095 shares in the company, valued at approximately $43,635,970.50. This trade represents a 0.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, July 9th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $87.54, for a total value of $306,390.00.
• On Wednesday, June 25th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $91.00, for a total value of $318,500.00.
• On Tuesday, June 17th, Kiran Kumar Choudary sold 6,757 shares of Rubrik stock. The shares were sold at an average price of $88.56, for a total value of $598,399.92.
• On Wednesday, June 11th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $88.25, for a total value of $308,875.00.
• On Thursday, June 5th, Kiran Kumar Choudary sold 30,000 shares of Rubrik stock. The shares were sold at an average price of $100.24, for a total value of $3,007,200.00.
• On Wednesday, May 28th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $94.86, for a total value of $332,010.00.
• On Thursday, May 22nd, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The shares were sold at an average price of $90.07, for a total value of $900,700.00.
• 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 value of $293,335.00.
• On Tuesday, May 13th, Kiran Kumar Choudary sold 20,000 shares of Rubrik stock. The stock was sold at an average price of $80.04, for a total value of $1,600,800.00.
• On Monday, May 5th, Kiran Kumar Choudary sold 5,000 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total value of $375,000.00.

Rubrik Price Performance

RBRK opened at $85.08 on Friday. The business has a 50 day simple moving average of $89.80 and a 200-day simple moving average of $75.46. The stock has a market capitalization of $16.46 billion, a P/E ratio of -30.06 and a beta of 0.46. Rubrik, Inc. has a 12 month low of $28.60 and a 12 month high of $103.00.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.17. The business had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. The firm’s quarterly revenue was up 48.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.58) earnings per share. Research analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Institutional Trading of Rubrik

Hedge funds have recently modified their holdings of the business. ST Germain D J Co. Inc. acquired a new stake in shares of Rubrik in the 2nd quarter valued at approximately $27,000. Beacon Capital Management LLC purchased a new position in Rubrik in the 2nd quarter valued at approximately $29,000. Russell Investments Group Ltd. purchased a new position in Rubrik in the 4th quarter valued at approximately $28,000. PNC Financial Services Group Inc. purchased a new position in Rubrik in the 1st quarter valued at approximately $30,000. Finally, Summit Securities Group LLC purchased a new position in Rubrik in the 1st quarter valued at approximately $31,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RBRK shares. Guggenheim raised their price target on Rubrik from $105.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, June 6th. Robert W. Baird raised their price target on Rubrik from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, June 6th. BMO Capital Markets restated an “outperform” rating and set a $110.00 price target (up previously from $77.00) on shares of Rubrik in a research note on Friday, June 6th. UBS Group restated a “buy” rating on shares of Rubrik in a research note on Friday, June 6th. Finally, Truist Financial increased their price objective on Rubrik from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, June 6th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.38.

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.