Insider Selling: Rubrik, Inc. (NYSE:RBRK) CFO Sells $90,684.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 1,800 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $50.38, for a total value of $90,684.00. Following the completion of the sale, the chief financial officer now directly owns 373,760 shares in the company, valued at approximately $18,830,028.80. The trade was a 0.48 % decrease in their ownership of the stock. 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 Friday, November 22nd, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The stock was sold at an average price of $50.31, for a total value of $503,100.00.
• On Wednesday, November 20th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $45.00, for a total value of $81,000.00.
• On Thursday, November 14th, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The shares were sold at an average price of $44.48, for a total value of $444,800.00.
• On Monday, November 11th, Kiran Kumar Choudary sold 2,670 shares of Rubrik stock. The shares were sold at an average price of $45.07, for a total value of $120,336.90.
• On Friday, November 8th, Kiran Kumar Choudary sold 7,330 shares of Rubrik stock. The shares were sold at an average price of $45.04, for a total value of $330,143.20.
• On Wednesday, November 6th, Kiran Kumar Choudary sold 1,800 shares of Rubrik stock. The shares were sold at an average price of $43.15, for a total value of $77,670.00.
• On Tuesday, October 22nd, Kiran Kumar Choudary sold 11,800 shares of Rubrik stock. The shares were 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 value of $557,340.00.
• On Monday, October 28th, Kiran Kumar Choudary sold 1,500 shares of Rubrik stock. The shares were sold at an average price of $39.40, for a total value of $59,100.00.

Rubrik Trading Up 2.4 %

NYSE:RBRK opened at $50.86 on Friday. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $52.75. The stock has a 50-day moving average price of $40.12 and a 200 day moving average price of $35.39.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The business had revenue of $204.95 million during the quarter, compared to analyst estimates of $195.58 million. On average, equities research analysts anticipate that Rubrik, Inc. will post -8.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RBRK. Cantor Fitzgerald raised Rubrik to a “strong-buy” rating in a report on Wednesday, November 20th. Wells Fargo & Company reduced their price target on Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, September 10th. Guggenheim upped their price target on Rubrik from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. BMO Capital Markets reduced their price target on Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Finally, Robert W. Baird upped their price target on Rubrik from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $46.71.

Hedge Funds Weigh In On Rubrik

Several institutional investors have recently added to or reduced their stakes in RBRK. Dragoneer Investment Group LLC purchased a new position in Rubrik during the 2nd quarter valued at approximately $47,523,000. Champlain Investment Partners LLC bought a new stake in shares of Rubrik during the 3rd quarter worth approximately $44,418,000. Point72 Asset Management L.P. bought a new stake in shares of Rubrik during the 3rd quarter worth approximately $42,247,000. PointState Capital LP bought a new stake in shares of Rubrik during the 3rd quarter worth approximately $40,466,000. Finally, Institutional Venture Management XV LLC lifted its stake in shares of Rubrik by 3,620.4% during the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after acquiring an additional 1,131,360 shares during the last quarter.

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.