Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 1,800 Shares of Stock

by · The Markets Daily

Rubrik, Inc. (NYSE:RBRK – Get Free Report) CFO Kiran Kumar Choudary sold 1,800 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $43.15, for a total transaction of $77,670.00. Following the sale, the chief financial officer now directly owns 406,160 shares of the company’s stock, valued at $17,525,804. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, October 22nd, Kiran Kumar Choudary sold 11,800 shares of Rubrik stock. The stock was sold at an average price of $38.49, for a total value of $454,182.00.
  • On Thursday, October 31st, Kiran Kumar Choudary sold 4,500 shares of Rubrik stock. The shares were sold at an average price of $41.99, for a total value of $188,955.00.
  • On Friday, October 25th, Kiran Kumar Choudary sold 14,000 shares of Rubrik stock. The shares were sold at an average price of $39.81, for a total transaction of $557,340.00.
  • On Monday, October 28th, Kiran Kumar Choudary sold 1,500 shares of Rubrik stock. The stock was sold at an average price of $39.40, for a total transaction of $59,100.00.
  • On Thursday, October 17th, Kiran Kumar Choudary sold 7,583 shares of Rubrik stock. The shares were sold at an average price of $40.14, for a total transaction of $304,381.62.
  • On Monday, October 14th, Kiran Kumar Choudary sold 45,800 shares of Rubrik stock. The stock was sold at an average price of $39.22, for a total transaction of $1,796,276.00.
  • On Thursday, September 26th, Kiran Kumar Choudary sold 51,924 shares of Rubrik stock. The shares were sold at an average price of $31.41, for a total value of $1,630,932.84.

Rubrik Trading Up 0.7 %

Shares of RBRK opened at $44.76 on Friday. The company’s fifty day simple moving average is $36.01. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $45.09.

Rubrik (NYSE:RBRK – Get Free Report) last released its quarterly earnings data on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The company had revenue of $204.95 million during the quarter, compared to the consensus estimate of $195.58 million. On average, equities research analysts expect that Rubrik, Inc. will post -7.94 earnings per share for the current year.

Institutional Trading of Rubrik

A number of institutional investors have recently made changes to their positions in RBRK. Whalen Wealth Management Inc. bought a new position in shares of Rubrik during the 3rd quarter valued at $243,000. Natixis Advisors LLC lifted its holdings in Rubrik by 302.5% in the third quarter. Natixis Advisors LLC now owns 53,271 shares of the company’s stock valued at $1,713,000 after acquiring an additional 40,036 shares during the period. KBC Group NV bought a new position in Rubrik in the third quarter valued at about $72,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Rubrik in the third quarter worth about $20,774,000. Finally, Pathway Capital Management LP bought a new stake in shares of Rubrik during the 3rd quarter valued at about $23,527,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on RBRK shares. Truist Financial restated a “buy” rating and issued a $43.00 target price on shares of Rubrik in a research note on Tuesday, September 10th. CIBC raised their price objective on Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a research report on Tuesday, September 10th. Citigroup upped their target price on shares of Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Baird R W upgraded shares of Rubrik to a “strong-buy” rating in a research note on Monday, July 15th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $50.00 price objective on shares of Rubrik in a research note on Tuesday, September 10th. Sixteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $45.00.

Read Our Latest Stock Report on Rubrik

About Rubrik

(Get Free Report)

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.

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