Insider Selling: Rubrik, Inc. (NYSE:RBRK) CFO Sells 6,757 Shares of Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 6,757 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $88.56, for a total transaction of $598,399.92. Following the transaction, the chief financial officer now owns 524,595 shares of the company's stock, valued at approximately $46,458,133.20. The trade was a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, June 11th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $88.25, for a total transaction of $308,875.00.
• 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 shares were 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 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.

Rubrik Price Performance

RBRK traded down $1.41 during mid-day trading on Friday, reaching $85.76. 10,138,571 shares of the stock were exchanged, compared to its average volume of 2,338,706. The company has a 50 day moving average price of $81.18 and a two-hundred day moving average price of $71.72. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $260.39 million. Rubrik's revenue was up 48.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.58) earnings per share. As a group, analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wedbush lifted their price objective on shares of Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Oppenheimer reiterated a "market perform" rating on shares of Rubrik in a research note on Friday, June 6th. Rosenblatt Securities boosted their price target on shares of Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, June 6th. UBS Group restated a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. Finally, Robert W. Baird boosted their price target on shares of Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $100.38.

Hedge Funds Weigh In On Rubrik

A number of hedge funds have recently bought and sold shares of RBRK. Voya Investment Management LLC boosted its holdings in shares of Rubrik by 15.0% in the 1st quarter. Voya Investment Management LLC now owns 2,247,210 shares of the company's stock worth $137,035,000 after buying an additional 293,275 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock worth $182,000 after buying an additional 2,000 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Rubrik by 4,007.4% in the 1st quarter. Acadian Asset Management LLC now owns 318,238 shares of the company's stock worth $19,393,000 after buying an additional 310,490 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Rubrik by 7.3% in the 1st 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 buying an additional 48,724 shares during the last quarter. Finally, Voleon Capital Management LP boosted its holdings in shares of Rubrik by 50.7% in the 1st 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. 49.54% of the stock is owned by hedge funds and other institutional investors.

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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