Rubrik, Inc. (NYSE:RBRK) CFO Sells $308,875.00 in Stock

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

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 transaction of $3,007,200.00.
• On Wednesday, May 28th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $94.86, for a total transaction of $332,010.00.
• On Thursday, May 22nd, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The stock was sold at an average price of $90.07, for a total transaction 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 transaction of $293,335.00.
• On Tuesday, May 13th, Kiran Kumar Choudary sold 20,000 shares of Rubrik stock. The stock was 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 stock was 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 stock was sold at an average price of $70.04, for a total transaction of $6,161,488.84.

Rubrik Stock Performance

NYSE RBRK traded up $1.78 during trading on Monday, hitting $92.08. 3,650,123 shares of the company's stock traded hands, compared to its average volume of 2,258,642. The stock has a market capitalization of $17.82 billion, a price-to-earnings ratio of -32.54 and a beta of 0.87. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $103.00. The business has a 50 day moving average of $79.54 and a 200-day moving average of $71.23.

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

Institutional Investors Weigh In On Rubrik

Institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in shares of Rubrik in the fourth quarter worth about $28,000. PNC Financial Services Group Inc. purchased a new stake in shares of Rubrik in the first quarter worth about $30,000. Summit Securities Group LLC purchased a new stake in shares of Rubrik in the first quarter worth about $31,000. Global Retirement Partners LLC lifted its holdings in shares of Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after buying an additional 500 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company's stock worth $36,000 after buying an additional 395 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RBRK has been the subject of several research reports. Mizuho lowered shares of Rubrik from an "outperform" rating to a "neutral" rating and increased their price target for the company from $75.00 to $86.00 in a research report on Thursday, May 15th. KeyCorp restated an "overweight" rating and set a $113.00 price target (up previously from $98.00) on shares of Rubrik in a research report on Friday, June 6th. Wall Street Zen upgraded shares of Rubrik from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Wells Fargo & Company increased their price target on shares of Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Finally, BMO Capital Markets restated an "outperform" rating and set a $110.00 price target (up previously from $77.00) on shares of Rubrik in a research report on Friday, June 6th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Rubrik has a consensus rating of "Moderate Buy" and a consensus price target of $100.38.

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.