Kiran Kumar Choudary Sells 3,500 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 3,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $91.00, for a total transaction of $318,500.00. Following the transaction, the chief financial officer now directly owns 523,095 shares of the company's stock, valued at approximately $47,601,645. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, June 17th, Kiran Kumar Choudary sold 6,757 shares of Rubrik stock. The shares were sold at an average price of $88.56, for a total value of $598,399.92.
• 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 value of $308,875.00.
• On Thursday, June 5th, Kiran Kumar Choudary sold 30,000 shares of Rubrik stock. The shares were 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 stock was 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 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 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 stock was sold at an average price of $69.82, for a total value 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 value of $124,060.00.

Rubrik Stock Down 4.7%

RBRK stock traded down $4.37 during mid-day trading on Friday, reaching $87.73. 16,422,810 shares of the stock traded hands, compared to its average volume of 2,440,927. The business has a 50-day moving average of $84.03 and a two-hundred day moving average of $72.80. Rubrik, Inc. has a 52 week low of $28.60 and a 52 week 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 for the quarter, topping the consensus estimate of ($0.32) by $0.17. The business had revenue of $278.48 million for the quarter, compared to analyst estimates of $260.39 million. During the same period in the prior year, the firm posted ($1.58) EPS. Rubrik's revenue for the quarter was up 48.7% on a year-over-year basis. As a group, equities research analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers acquired a new stake in shares of Rubrik in the fourth quarter worth $64,000. Global Retirement Partners LLC boosted its holdings in Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after purchasing an additional 500 shares during the period. Versor Investments LP acquired a new stake in Rubrik in the 4th quarter worth $648,000. Dynasty Wealth Management LLC acquired a new stake in Rubrik in the 4th quarter worth $291,000. Finally, US Bancorp DE increased its holdings in shares of Rubrik by 1,329.9% during the 4th quarter. US Bancorp DE now owns 19,547 shares of the company's stock worth $1,278,000 after purchasing an additional 18,180 shares during the period. 49.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on RBRK. Piper Sandler cut their price objective 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. Wells Fargo & Company lifted their price target on shares of Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Truist Financial upped their price objective on Rubrik from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Rosenblatt Securities increased 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. Finally, Guggenheim boosted their price target on Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $100.38.

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.

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