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 stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $87.54, for a total transaction of $306,390.00. Following the completion of the transaction, the chief financial officer owned 521,595 shares in the company, valued at $45,660,426.30. This represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, June 25th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $91.00, for a total transaction of $318,500.00.
• 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 shares were sold at an average price of $69.82, for a total transaction of $1,640,770.00.

Rubrik Price Performance

NYSE:RBRK traded down $1.65 on Friday, hitting $84.49. 3,301,313 shares of the company's stock were exchanged, compared to its average volume of 2,539,973. The firm has a 50-day moving average price of $88.23 and a 200-day moving average price of $74.02. Rubrik, Inc. has a 52 week low of $28.60 and a 52 week high of $103.00. The company has a market cap of $16.35 billion, a P/E ratio of -29.86 and a beta of 0.46.

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

Institutional Investors Weigh In On Rubrik

A number of institutional investors and hedge funds have recently made changes to their positions in RBRK. Vanguard Group Inc. increased its holdings in Rubrik by 9.7% during the first quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company's stock worth $423,512,000 after buying an additional 616,917 shares during the last quarter. Norges Bank bought a new position in shares of Rubrik in the 4th quarter valued at about $277,395,000. FMR LLC increased its stake in shares of Rubrik by 172.6% during the 4th quarter. FMR LLC now owns 3,261,925 shares of the company's stock worth $213,199,000 after purchasing an additional 2,065,444 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Rubrik by 26.6% in the 4th quarter. First Trust Advisors LP now owns 3,156,035 shares of the company's stock valued at $206,278,000 after purchasing an additional 662,914 shares during the period. Finally, Voya Investment Management LLC lifted its stake in Rubrik by 15.0% in the 1st quarter. Voya Investment Management LLC now owns 2,247,210 shares of the company's stock valued at $137,035,000 after purchasing an additional 293,275 shares during the last quarter. Institutional investors own 49.54% of the company's stock.

Analysts Set New Price Targets

RBRK has been the subject of a number of research analyst reports. Wedbush boosted their target price on Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Robert W. Baird boosted their price objective on Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating 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 report on Saturday, June 7th. Roth Capital lifted their price target on shares of Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Finally, Piper Sandler lowered their price objective on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Three 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 stock. Based on data from MarketBeat.com, Rubrik presently has a consensus rating of "Moderate Buy" and a consensus target price 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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