Rubrik, Inc. (NYSE:RBRK) CFO Sells $900,700.00 in Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 10,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $90.07, for a total transaction of $900,700.00. Following the transaction, the chief financial officer now directly owns 555,165 shares in the company, valued at $50,003,711.55. The trade was a 1.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 Price Performance

RBRK traded up $0.09 during midday trading on Friday, reaching $95.47. 4,589,500 shares of the company's stock were exchanged, compared to its average volume of 2,092,570. The stock has a market capitalization of $18.12 billion and a PE ratio of -6.93. The business's 50-day moving average price is $71.42 and its 200 day moving average price is $67.02. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $97.76.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.22). The business had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. The company's revenue was up 47.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.59) EPS. As a group, analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RBRK. Robert W. Baird lowered their target price on shares of Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, March 12th. KeyCorp lowered their target price on shares of Rubrik from $82.00 to $76.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Guggenheim reaffirmed a "buy" rating and issued a $105.00 target price (up previously from $80.00) on shares of Rubrik in a report on Wednesday. Piper Sandler lowered their target price on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company lifted their target price on shares of Rubrik from $76.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $77.69.

Hedge Funds Weigh In On Rubrik

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBRK. Norges Bank acquired a new position in Rubrik during the fourth quarter worth about $277,395,000. Vanguard Group Inc. raised its position in Rubrik by 114.1% during the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company's stock worth $413,610,000 after acquiring an additional 3,372,323 shares during the last quarter. FMR LLC grew its holdings in shares of Rubrik by 172.6% during the fourth quarter. FMR LLC now owns 3,261,925 shares of the company's stock worth $213,199,000 after buying an additional 2,065,444 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Rubrik during the fourth quarter worth about $85,331,000. Finally, Bank of America Corp DE grew its holdings in shares of Rubrik by 1,305.1% during the fourth quarter. Bank of America Corp DE now owns 1,116,804 shares of the company's stock worth $72,994,000 after buying an additional 1,037,319 shares in the last quarter. 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.