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

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 3,500 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $88.25, for a total transaction of $308,875.00. Following the completion of the transaction, the chief financial officer now owns 524,165 shares of the company's stock, valued at approximately $46,257,561.25. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, June 5th, Kiran Kumar Choudary sold 30,000 shares of Rubrik stock. The stock was 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 stock was 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 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 stock was 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 stock was 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 Stock Performance

Shares of RBRK stock traded up $1.38 on Friday, reaching $90.12. 6,784,816 shares of the company's stock traded hands, compared to its average volume of 2,245,274. The business's 50 day moving average price is $78.00 and its two-hundred day moving average price is $70.37. The company has a market capitalization of $17.10 billion, a P/E ratio of -31.85 and a beta of 0.87. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.32) by $0.17. The company had revenue of $278.48 million for the quarter, compared to analysts' expectations of $260.39 million. During the same period in the previous year, the firm posted ($1.58) earnings per share. The business's revenue for the quarter was up 48.7% on a year-over-year basis. Research analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RBRK. Rosenblatt Securities upped their target price on Rubrik from $82.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. BMO Capital Markets reissued an "outperform" rating and issued a $110.00 price objective (up previously from $77.00) on shares of Rubrik in a research note on Friday, June 6th. Wells Fargo & Company raised their target price on Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. CIBC lifted their target price on Rubrik from $110.00 to $125.00 and gave the stock an "outperformer" rating in a report on Monday. Finally, KeyCorp reissued an "overweight" rating and issued a $113.00 price target (up from $98.00) on shares of Rubrik in a report on Friday, June 6th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Rubrik currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.38.

Hedge Funds Weigh In On Rubrik

Hedge funds have recently made changes to their positions in the business. Rhumbline Advisers raised its holdings in Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock worth $182,000 after purchasing an additional 2,000 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Rubrik by 4,007.4% in the 1st quarter. Acadian Asset Management LLC now owns 318,238 shares of the company's stock valued at $19,393,000 after purchasing an additional 310,490 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Rubrik by 7.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 715,953 shares of the company's stock worth $43,659,000 after purchasing an additional 48,724 shares during the period. Voleon Capital Management LP increased its position in Rubrik by 50.7% during the first quarter. Voleon Capital Management LP now owns 186,205 shares of the company's stock worth $11,355,000 after buying an additional 62,627 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Rubrik by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company's stock valued at $57,343,000 after buying an additional 236,181 shares during the period. Institutional investors and hedge funds own 49.54% of the company's stock.

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.

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