Rubrik, Inc. (NYSE:RBRK) CFO Sells $293,335.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 3,500 shares of the firm’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $83.81, for a total transaction of $293,335.00. Following the transaction, the chief financial officer now directly owns 565,165 shares of the company’s stock, valued at $47,366,478.65. The trade was a 0.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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.
• 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 $85.40 on Friday. The stock has a market capitalization of $16.21 billion and a P/E ratio of -6.20. The company has a 50-day moving average price of $67.07 and a 200-day moving average price of $63.99. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $87.50.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The firm had revenue of $258.10 million for the quarter, compared to analysts’ expectations of $233.13 million. Rubrik’s revenue was up 47.5% on a year-over-year basis. During the same period in the prior year, the company earned ($1.59) EPS. As a group, equities research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Voleon Capital Management LP grew its holdings in shares of Rubrik by 50.7% during the first quarter. Voleon Capital Management LP now owns 186,205 shares of the company’s stock valued at $11,355,000 after buying an additional 62,627 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Rubrik by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after purchasing an additional 236,181 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in Rubrik by 370.4% during the first quarter. Dynamic Technology Lab Private Ltd now owns 17,644 shares of the company’s stock worth $1,076,000 after purchasing an additional 13,893 shares during the last quarter. PharVision Advisers LLC boosted its holdings in Rubrik by 26.6% during the first quarter. PharVision Advisers LLC now owns 3,908 shares of the company’s stock worth $238,000 after purchasing an additional 820 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Rubrik by 31.6% during the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after purchasing an additional 300 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on RBRK. KeyCorp dropped their price target on shares of Rubrik from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company lifted their target price on shares of Rubrik from $76.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, March 14th. BMO Capital Markets lifted their target price on shares of Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, March 14th. Wedbush lifted their target price on shares of Rubrik from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, March 14th. Finally, Cantor Fitzgerald lifted their target price on shares of Rubrik from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $71.05.

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.