Rubrik, Inc. (NYSE:RBRK) CFO Sells $375,000.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 5,000 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $75.00, for a total value of $375,000.00. Following the completion of the sale, the chief financial officer now owns 588,665 shares in the company, valued at $44,149,875. This represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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.
• On Friday, March 21st, Kiran Kumar Choudary sold 87,971 shares of Rubrik stock. The shares were sold at an average price of $70.04, for a total transaction of $6,161,488.84.

Rubrik Price Performance

Shares of NYSE RBRK opened at $76.87 on Friday. The stock has a market capitalization of $14.59 billion and a PE ratio of -5.58. The business has a fifty day moving average price of $64.44 and a two-hundred day moving average price of $62.49. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.00.

Rubrik (NYSE:RBRK) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $233.13 million. Rubrik’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.59) earnings per share. On average, equities analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Analyst Ratings Changes

RBRK has been the topic of several recent analyst reports. KeyCorp cut their price target on shares of Rubrik from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Wedbush boosted their target price on shares of Rubrik from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, March 14th. Piper Sandler reduced their price objective on shares of Rubrik from $87.00 to $72.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $85.00 price objective on shares of Rubrik in a research note on Friday, March 14th. Finally, UBS Group restated a “buy” rating on shares of Rubrik in a report on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $68.83.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBRK. Renaissance Capital LLC increased its position in shares of Rubrik by 21.2% during the 4th quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock valued at $4,757,000 after purchasing an additional 12,714 shares during the last quarter. FMR LLC grew its holdings in shares of Rubrik by 172.6% during the fourth quarter. FMR LLC now owns 3,261,925 shares of the company’s stock worth $213,199,000 after purchasing an additional 2,065,444 shares in the last quarter. US Bancorp DE increased its stake in Rubrik by 1,329.9% in the fourth quarter. US Bancorp DE now owns 19,547 shares of the company’s stock valued at $1,278,000 after acquiring an additional 18,180 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Rubrik during the fourth quarter worth approximately $11,462,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Rubrik by 434.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 335,238 shares of the company’s stock valued at $21,911,000 after acquiring an additional 272,482 shares during the last quarter. 49.54% of the stock is owned by institutional investors.

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.